Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.048%

Price spread now: Gate against Injective−1.688%7-day average −0.201% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 3 days (all we have)+1.330%+$133 · spread now −1.688%, 7d avg −0.201%

Together, before fees+1.262%+$126 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 1.486% cheaper against Injective than usual: you would sell low and buy high (−$149 if the spread goes back to its 7-day average of −0.201%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.067% in total (about -3.5% 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	Injective WLD/USDC PERP	0.4622	0.0374	pay 0.0047% / 1h	20m 47s	$6K	$139K	5.5x
Short	Gate WLD_USDT	0.4544	0.0100	get 0.0100% / 8h	2h 20m	$7.4M	$34.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now −1.688%Rate

Funding earned: −$57.53
Price spread: −1.688% → −0.201%: −$148.63
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$221.18
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 33 min ago; Gate: live order book, 3 min ago. Net counts fees only.

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 Injective live order book, 33 min ago	49.15 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.10 bp	14.9 bp −$15	32.7 bp −$327	48.8 bp −$4,880	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	−0.0444%	8h	0.4548	−1.601%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0022%	8h	0.4542	−1.731%	$28K	$917K	10x	as long as short
Variational Omni WLD	−0.0017%	8h	0.4577	−0.966%	$2.1M	$1.6M	—	as long as short
dYdX WLD-USD	0.0000%	1h	0.4547	−1.633%	$155K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4546	−1.644%	$127K	$904K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4545	−1.677%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0010%	8h	0.4541	−1.752%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0034%	1h	0.4545	−1.671%	$271K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4553	−1.502%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0072%	8h	0.4543	−1.709%	$33.9M	$138.2M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0096%	8h	0.4544	−1.688%	$85.4M	$292.9M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4546	−1.640%	$46.6M	$41.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4545	−1.666%	$215K	$982K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4546	−1.644%	$51K	$483K	5x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4543	−1.709%	$64.9M	$80.2M	50x	as long as short
Gate WLD_USDTshort	+0.0100%	8h	0.4544	−1.688%	$7.4M	$34.7M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4544	−1.688%	$53.7M	$47.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4543	−1.709%	$30.1M	$25.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4544	−1.688%	—	$68.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4545	−1.662%	$129K	$272K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4557	−1.411%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4550	−1.558%	$610K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4556	−1.428%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4543	−1.716%	$52K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4551	−1.536%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4543	−1.709%	$198	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4545	−1.666%	$857K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4544	−1.688%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4542	−1.721%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4546	−1.655%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4541	−1.757%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0216%	8h	0.4538	−1.817%	$4.9M	$807K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4543	−1.700%	$12K	—	100x	as long as short
01 Exchange WLDUSD	+0.0368%	1h	0.4545	−1.657%	$325	$77	5x	as long as short
Injective WLD/USDC PERPlong	+0.0374%	1h	0.4622	long leg	$6K	$139K	5.5x
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4549	−1.579%	$279K	$1.6M	50x	as long as short
Lighter WLD	+0.0992%	1h	0.4552	−1.514%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1097%	1h	0.4549	−1.590%	$920K	$2.6M	50x	as long as short