Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%

Price spread now: dYdX against Kalshi−0.216%7-day average +0.168% · you buy dearer than you sell

Net, funding: paid 7d − costs−$231as in the Funding arb table

Net, price: spread back to 7d avg − costs−$280as in the Price arb table

costs, in and out, $10k−$2422.416% of the position

Long on Kalshi Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)+1.043%+$104 · spread now −0.216%, 7d avg +0.168%

Together, before fees+1.149%+$115 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: dYdX is 0.383% cheaper against Kalshi than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of +0.168%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4549	0	get 0.0000% / 8h	5h 43m	$48K	$4.8M	1.7x
Short	dYdX WLD-USD	0.4539	0	get 0.0000% / 1h	43m 41s	$155K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Kalshi. 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 KalshibpFee dYdXbpOrdersPrice spread, now −0.216%Rate

Funding earned: $0
Price spread: −0.216% → +0.168%: −$38.35
Slippage, 4 orders: −$221.65
Fee Kalshi: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$279.99
Costs to cover: 2.416%
Break-even: never at this rate

Slippage from Kalshi: live order book, 5 min ago; dYdX: live order book, 65 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 Kalshi live order book, 5 min ago	5.50 bp	12.7 bp −$13	19.1 bp −$191	doesn't fit	doesn't fit
Sell dYdX live order book, 65 min ago	102.77 bp	107.8 bp −$108	111.5 bp −$1,115	175.6 bp −$17.6K	368.8 bp −$184.4K

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
Nado WLD-PERP	−0.0006%	1h	0.4544	−0.104%	$239K	$170K	5x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4539	−0.216%	$155K	$33K	10x
Kalshi KXWLDPERPlong	0.0000%	8h	0.4549	long leg	$48K	$4.8M	1.7x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4546	−0.064%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0082%	8h	0.4544	−0.110%	$6.7M	$11.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4544	−0.110%	$27K	$788K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4548	−0.029%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4541	−0.165%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4545	−0.081%	$86.8M	$340.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4547	−0.044%	$65.1M	$92.0M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4549	0.000%	$34.4M	$155.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4546	−0.066%	$7.2M	$36.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4548	−0.022%	$40.4M	$56.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4549	0.000%	$30.0M	$31.4M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4548	−0.022%	—	$70.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4548	−0.031%	$135K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4533	−0.358%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4536	−0.287%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4544	−0.114%	$600K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4542	−0.154%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4542	−0.163%	$50K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4551	+0.044%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4546	−0.066%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4554	+0.110%	$832K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4546	−0.066%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4548	−0.011%	$209K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4546	−0.068%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4541	−0.176%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4543	−0.137%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0136%	1h	0.4550	+0.013%	$325	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4530	−0.426%	$5K	$44K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4542	−0.145%	$4.9M	$2.9M	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0190%	1h	0.4547	−0.044%	$151K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4545	−0.089%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4555	+0.132%	$4.9M	$940K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4548	−0.022%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0715%	1h	0.4546	−0.077%	$49.8M	$44.8M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1041%	1h	0.4547	−0.051%	$875K	$2.9M	50x	as long as short