Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0056%/8h= +6.2% APRpaid last 24h +0.043%

Price spread now: Hyperliquid against HTX+0.024%7-day average +0.266% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$910.907% of the position

Long on HTX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now +0.024%, 7d avg +0.266%

Together, before fees+0.206%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.242% cheaper against HTX than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.266%). If the spread goes back, that is −$24 on $10k: about 14 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WLD-USDT	0.4567	0.0100	pay 0.0100% / 8h	4h 50m	$836K	$1.9M	50x
Short	Hyperliquid WLD	0.4568	0.0156	get 0.0020% / 1h	50m 00s	$50.1M	$43.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee HyperliquidbpOrdersPrice spread, now +0.024%Rate

Funding earned: $11.82
Price spread: +0.024% → +0.266%: −$24.17
Slippage, 4 orders: −$69.7
Fee HTX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$103.05
Costs to cover: 0.907%
Break-even: 68.0 days

Slippage from HTX: live order book, 4 min ago; Hyperliquid: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 4 min ago	13.08 bp	46.7 bp −$47	303.3 bp −$3,033	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	0.22 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXWLDPERP	−0.0108%	8h	0.4580	+0.285%	$63K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0084%	1h	0.4563	−0.077%	$242K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0034%	8h	0.4563	−0.088%	$6.9M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4567	−0.006%	$156K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4569	+0.044%	$115K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4568	+0.018%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	−0.197%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0016%	1h	0.4568	+0.015%	$327	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0082%	8h	0.4567	0.000%	$28K	$889K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4572	+0.099%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4571	+0.081%	$190K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4570	+0.063%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4561	−0.131%	$86.6M	$327.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4559	−0.175%	$65.0M	$88.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4559	−0.175%	$34.1M	$148.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4565	−0.044%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4562	−0.109%	$44.7M	$53.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4561	−0.131%	$30.1M	$30.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4563	−0.088%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4563	−0.088%	$134K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4575	+0.169%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4588	+0.468%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4586	+0.417%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4590	+0.504%	$43K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4564	−0.066%	$41K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4572	+0.109%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4565	−0.044%	$175	$5K	10x	as long as short
HTX WLD-USDTlong	+0.0100%	8h	0.4567	long leg	$836K	$1.9M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4566	−0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4564	−0.070%	$227K	$974K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4565	−0.047%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4564	−0.060%	—	—	20x	as long as short
Hyperliquid WLDshort	+0.0156%	1h	0.4568	+0.024%	$50.1M	$43.2M	10x
Phoenix WLD	+0.0158%	1h	0.4594	+0.585%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4577	+0.219%	$4.9M	$848K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4568	+0.023%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0480%	1h	0.4568	+0.029%	$884K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4572	+0.109%	$268K	$1.7M	50x	as long as short