Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0194%/8h= −21.2% APRpaid last 24h +0.137%

Price spread now: Kraken Futures against Kalshi+0.071%7-day average +0.170% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$590.588% of the position

Long on Kalshi Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.424%+$42 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.071%, 7d avg +0.170%

Together, before fees+0.546%+$55 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.099% cheaper against Kalshi than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.170%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.424%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4456	0	get 0.0000% / 8h	1h 45m	$67K	$4.2M	1.7x
Short	Kraken Futures PF_WLDUSD	0.4459	−0.0194	pay 0.0024% / 1h	45m 13s	$855K	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$40.64
Price spread: +0.071% → +0.170%: −$9.95
Slippage, 4 orders: −$38.76
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$109.34
Costs to cover: 0.588%
Break-even: never at this rate

Slippage from Kalshi: live order book, 1 min ago; Kraken Futures: live order book, 2 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, 1 min ago	7.84 bp	13.6 bp −$14	21.6 bp −$216	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	1.12 bp	20.5 bp −$21	29.8 bp −$298	997.8 bp −$99.8K	doesn't fit

WLD on 38 exchanges

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
Polymarket Perps WLD-USD	−0.0226%	1h	0.4454	−0.049%	$46K	$2.6M	10x	as long as short
Deribit WLD_USDC-PERPETUAL	−0.0198%	1h	0.4458	+0.045%	$101K	$1.1M	25x	as long as short
Kraken Futures PF_WLDUSDshort	−0.0194%	1h	0.4459	+0.071%	$855K	$2.6M	50x
Bybit WLDUSDT	−0.0153%	8h	0.4457	+0.022%	$63.7M	$84.9M	50x	as long as short
Nado WLD-PERP	−0.0147%	1h	0.4452	−0.079%	$234K	$159K	5x	as long as short
Gate WLD_USDT	−0.0106%	8h	0.4456	0.000%	$7.0M	$31.2M	75x	as long as short
01 Exchange WLDUSD	−0.0056%	1h	0.4460	+0.079%	$319	$55	5x	as long as short
Kalshi KXWLDPERPlong	0.0000%	8h	0.4456	long leg	$67K	$4.2M	1.7x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4459	+0.058%	$64K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	+0.471%	$6K	$185K	5.5x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX WLD-USD	+0.0007%	1h	0.4459	+0.071%	$152K	$31K	10x	as long as short
KuCoin WLDUSDTM	+0.0052%	8h	0.4456	0.000%	$6.6M	$10.4M	50x	as long as short
Phoenix WLD	+0.0053%	1h	0.4456	+0.011%	$4K	$40K	10x	as long as short
Variational Omni WLD	+0.0067%	8h	0.4458	+0.053%	$2.0M	$1.4M	—	as long as short
Orderly PERP_WLD_USDC	+0.0088%	8h	0.4456	0.000%	$27K	$332K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4461	+0.117%	$4.8M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4462	+0.144%	$49.5M	$29.1M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4460	+0.089%	$209K	$884K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4456	0.000%	$58K	$501K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4457	+0.022%	$84.6M	$313.3M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4457	+0.022%	$33.9M	$140.9M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4458	+0.045%	$41.7M	$54.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4455	−0.022%	$29.3M	$28.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4457	+0.022%	—	$55.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4461	+0.117%	$129K	$275K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4462	+0.132%	$27K	$323K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4463	+0.160%	$593K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4464	+0.180%	$59K	$242K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4460	+0.090%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4457	+0.022%	$233	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4456	0.000%	$818K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4460	+0.090%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4454	−0.044%	$210K	$659K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4459	+0.064%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4453	−0.058%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0218% / S −0.0967%	1h	0.4459	+0.071%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4456	0.000%	$4.7M	$906K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4461	+0.112%	$271K	$967K	50x	as long as short