Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0698%/8h= −76.5% APRpaid last 24h −0.024%

Price spread now: edgeX against Hyperliquid−0.134%66s7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.309% of the position

Long on Hyperliquid Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+0.196%+$20 · spread now −0.134%, 7d avg −0.121%

Together, before fees+0.190%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.121%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLD	0.4583	0.0798	pay 0.0100% / 1h	58m 17s	$50.8M	$43.6M	10x
Short	edgeX WLDUSDC	0.4577	0.0100	get 0.0050% / 4h	3h 58m	$27K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Hyperliquid. 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 HyperliquidbpFee edgeXbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$146.68
Price spread: −0.134% → −0.121%: −$1.29
Slippage, 4 orders: −$12.88
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$178.85
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; edgeX: live order book, 15 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 Hyperliquid live order book, 5 min ago	0.44 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 15 min ago	4.37 bp	8.9 bp −$9	18.9 bp −$189	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	−0.0202%	8h	0.4575	−0.179%	$65K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4565	−0.389%	$163K	$13K	10x	as long as short
KuCoin WLDUSDTM	+0.0003%	8h	0.4573	−0.223%	$7.0M	$11.0M	50x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4579	−0.087%	$56K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4585	+0.039%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0039%	8h	0.4578	−0.113%	$28K	$906K	10x	as long as short
Nado WLD-PERP	+0.0096%	1h	0.4577	−0.135%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4580	−0.078%	$192K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4569	−0.319%	$53K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4577	−0.128%	$86.5M	$304.0M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4579	−0.092%	$65.9M	$82.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4577	−0.135%	$34.3M	$143.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4577	−0.135%	$7.5M	$34.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4579	−0.092%	$46.0M	$53.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4577	−0.135%	$30.3M	$26.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4580	−0.070%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4577	−0.140%	$136K	$283K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4578	−0.116%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDCshort	+0.0100%	4h	0.4577	−0.134%	$27K	$318K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4585	+0.039%	$608K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	−0.070%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4578	−0.120%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4584	+0.017%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4575	−0.179%	$213	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	−0.353%	$850K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4578	−0.113%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4575	−0.176%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4581	−0.054%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4586	+0.050%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4574	−0.204%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0187%	1h	0.4580	−0.070%	$122K	$892K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4581	−0.048%	$4.9M	$822K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4580	−0.072%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0280%	1h	0.4582	−0.037%	$328	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0329%	1h	0.4578	−0.106%	$903K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4580	−0.070%	$273K	$1.6M	50x	as long as short
Hyperliquid WLDlong	+0.0798%	1h	0.4583	long leg	$50.8M	$43.6M	10x
Lighter WLD	+0.1024%	1h	0.4590	+0.144%	$5.2M	$2.0M	10x	as long as short