WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0082%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h −0.043%

Price spread now: Kraken Futures against Hyperliquid−0.119%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.186%+$19 · spread now −0.119%, 7d avg −0.055%

Together, before fees+0.183%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.064% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of −0.055%). If the spread goes back, that is −$6 on $10k: about 2.6 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	Hyperliquid WLD	0.4674	0.0559	pay 0.0070% / 1h	20m 10s	$52.0M	$44.1M	10x
Short	Kraken Futures PF_WLDUSD	0.4669	0.0641	get 0.0080% / 1h	20m 10s	$910K	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.119%Rate

Funding earned: $17.16
Price spread: −0.119% → −0.055%: −$6.38
Slippage, 4 orders: −$29.98
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$38.21
Costs to cover: 0.490%
Break-even: 22.6 days

Slippage from Hyperliquid: live order book, 3 min ago; Kraken Futures: live order book, 4 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, 3 min ago	0.43 bp	5.1 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	7.48 bp	20.4 bp −$20	30.7 bp −$307	1150.3 bp −$115.0K	doesn't fit

WLD on 37 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
Injective WLD/USDC PERP	−0.0235%	1h	0.4615	−1.269%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0147%	8h	0.4666	−0.178%	$45K	$4.4M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0046%	8h	0.4664	−0.220%	$7.1M	$11.5M	50x	as long as short
Nado WLD-PERP	−0.0002%	1h	0.4664	−0.226%	$271K	$189K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4672	−0.057%	$166K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4667	−0.156%	$121K	$917K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4668	−0.139%	$56K	—	150x	as long as short
Gate WLD_USDT	+0.0058%	8h	0.4668	−0.135%	$7.3M	$37.8M	75x	as long as short
Orderly PERP_WLD_USDC	+0.0059%	8h	0.4666	−0.178%	$28K	$897K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4715	+0.862%	$5K	$54K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4666	−0.181%	$179K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4670	−0.082%	$56K	$506K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4668	−0.139%	$88.7M	$325.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4668	−0.135%	$66.5M	$87.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4668	−0.135%	$35.2M	$152.7M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4668	−0.135%	$46.3M	$55.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4669	−0.113%	$31.1M	$29.4M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4673	−0.028%	—	$67.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4674	0.000%	$138K	$294K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4664	−0.228%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4679	+0.104%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4690	+0.325%	$622K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4678	+0.079%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4667	−0.148%	$55K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4671	−0.071%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4666	−0.178%	$226	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4673	−0.028%	$884K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4667	−0.156%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4664	−0.226%	$215K	$886K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4668	−0.135%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4664	−0.211%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4667	−0.166%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4670	−0.101%	$334	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4677	+0.058%	$279K	$1.7M	50x	as long as short
Hyperliquid WLDlong	+0.0559%	1h	0.4674	long leg	$52.0M	$44.1M	10x
Kraken Futures PF_WLDUSDshort	+0.0641%	1h	0.4669	−0.119%	$910K	$2.9M	50x
Lighter WLD	+0.0800%	1h	0.4676	+0.034%	$5.3M	$2.1M	10x	as long as short