Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0382%/8h= −41.9% APRpaid last 24h −0.022%

Price spread now: HTX against Kraken Futures−0.016%7-day average −0.214% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1641.641% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 4 days (all we have)−0.361%−$36 · spread now −0.016%, 7d avg −0.214%

Together, before fees−0.460%−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.198% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.214%): +$20 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.098% in total) that is about 14 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% 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	Kraken Futures PF_WLDUSD	0.4549	0.0482	pay 0.0060% / 1h	37m 28s	$880K	$2.8M	50x
Short	HTX WLD-USDT	0.4548	0.0100	get 0.0100% / 8h	4h 37m	$833K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Kraken Futures. 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 Kraken FuturesbpFee HTXbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$80.31
Price spread: −0.016% → −0.214%: $19.79
Slippage, 4 orders: −$142.14
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$224.66
Costs to cover: 1.641%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; HTX: live order book, 1 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 Kraken Futures live order book, 1 min ago	7.69 bp	23.3 bp −$23	40.7 bp −$407	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	13.21 bp	70.5 bp −$70	doesn't fit	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	−0.0105%	8h	0.4544	−0.104%	$57K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0054%	1h	0.4538	−0.236%	$240K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0030%	8h	0.4536	−0.280%	$6.9M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4543	−0.124%	$155K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4546	−0.060%	$117K	$927K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4542	−0.151%	$65K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	+0.204%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4543	−0.119%	$325	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0087%	8h	0.4545	−0.082%	$28K	$887K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4547	−0.031%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4546	−0.067%	$208K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4544	−0.102%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4540	−0.202%	$86.1M	$327.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4536	−0.280%	$64.6M	$89.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4537	−0.258%	$34.1M	$148.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4542	−0.148%	$7.1M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4544	−0.104%	$43.5M	$54.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4540	−0.192%	$30.0M	$30.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4542	−0.148%	—	$67.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4545	−0.073%	$135K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4554	+0.109%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4548	−0.020%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4571	+0.487%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4548	−0.016%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4541	−0.174%	$47K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4549	+0.006%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4544	−0.104%	$171	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4548	−0.016%	$833K	$1.9M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4544	−0.104%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4539	−0.206%	$218K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4547	−0.036%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4540	−0.186%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4570	+0.461%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0187%	1h	0.4543	−0.117%	$49.9M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4539	−0.214%	$4.9M	$846K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4548	−0.018%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSDlong	+0.0482%	1h	0.4549	long leg	$880K	$2.8M	50x
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4552	+0.072%	$267K	$1.7M	50x	as long as short