data as of
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Price arb /

WLD

all WLD markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$108
spread now−0.073%7d average−0.025%fees + slippage, in and out−$103spread needed1.034%
Long on Kraken FuturesShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_WLDUSD0.4431−0.0032get 0.0004% / 1h34m 26s$766K$1.9M50x
ShortPhemex WLDUSDT0.44280.0100get 0.0100% / 8h1h 34m$1.8M$3.9M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$7.31
Funding while held
$3.97
Slippage, 4 orders
−$81.45
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$106.78
Spread needed to break even
1.034%
Slippage from Kraken Futures: live order book, 1 min ago; Phemex: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
+0.0132%
Per $10,000 a day
+$3.97
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 1 min ago4.52 bp15.2 bp −$1529.0 bp −$290doesn't fitdoesn't fit
Sell Phemex live order book, 6 min ago2.27 bp40.9 bp −$41doesn't fitdoesn't fitdoesn't fit

WLD price on every exchange

against the cheapest. Click to use as the short leg.
edgeX0.4401cheapestInjective0.4403+0.041%Phoenix0.4408+0.145%ApeX Omni0.4410+0.200%Variational Omni0.4410+0.209%OKX0.4422+0.472%Extended0.4424+0.518%Bybit0.4424+0.518%Coinbase International0.4424+0.518%Reya0.4424+0.528%Nado0.4425+0.529%Orderly0.4425+0.541%Bitget0.4426+0.563%Pacifica0.4427+0.586%KuCoin0.4427+0.586%BingX0.4427+0.586%Binance0.4427+0.591%Aster0.4428+0.609%MEXC0.4428+0.609%SoDEX0.4428+0.609%
Phemex0.4428+0.609%
BloFin0.4428+0.609%Aevo0.4428+0.616%gTrade (Gains Network)0.4429+0.622%Hyperliquid0.4429+0.622%GMX0.4429+0.628%Gate0.4429+0.632%Polymarket Perps0.4429+0.634%dYdX0.4430+0.647%Backpack0.4430+0.647%Kalshi0.4430+0.654%Deribit0.4430+0.654%
Kraken Futures0.4431+0.682%
SunX0.4433+0.722%Lighter0.4434+0.752%HTX0.4437+0.813%

WLD on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX WLDUSDC−0.678%+0.0100%4h$26K$314K20xas long as short
Injective WLD/USDC PERP−0.637%+0.0449%1h$6K$41K5.5xas long as short
Phoenix WLD−0.533%+0.0018%1h$2K$56K10xas long as short
ApeX Omni WLDUSDT−0.479%+0.0100%1h$58K$218K50xas long as short
Variational Omni WLD−0.470%−0.0069%8h$2.1M$1.7M—as long as short
OKX WLD-USDT-SWAP−0.209%−0.0011%8h$33.6M$131.2M50xas long as short
Extended WLD-USD−0.164%+0.0104%1h$127K$658K10xas long as short
Bybit WLDUSDT−0.163%−0.0078%8h$63.5M$74.9M50xas long as short
Coinbase International WLD-PERP-INTX−0.163%+0.0264%1h$269K$1.8M50xas long as short
Reya WLDRUSDPERP−0.153%+0.0134%1h——20xas long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado WLD-PERP−0.152%+0.0014%1h$348K$187K5xas long as short
Orderly PERP_WLD_USDC−0.141%−0.0026%8h$27K$958K10xas long as short
Bitget WLDUSDT−0.118%+0.0058%8h$29.0M$25.1M75xas long as short
Pacifica WLD−0.096%+0.0100%1h$74K$493K5xas long as short
KuCoin WLDUSDTM−0.096%+0.0032%8h$6.9M$12.1M50xas long as short
BingX WLD-USDC−0.096%+0.0060%8h—$1.3M—as long as short
Binance WLDUSDT−0.091%−0.0034%8h$81.6M$270.6M75xas long as short
Aster WLDUSDT−0.073%+0.0038%8h$352K$782K50xas long as short
MEXC WLD_USDT−0.073%−0.0035%8h$41.6M$46.6M300xas long as short
SoDEX WLD-USD−0.073%+0.0100%1h$196$5K10xas long as short
Phemex WLDUSDTshort−0.073%+0.0100%8h$1.8M$3.9M50x
BloFin WLD-USDT−0.073%+0.0085%8h$4.9M$1.2M75xas long as short
Aevo WLD-PERP−0.066%+0.0072%1h$30K$5K3xas long as short
gTrade (Gains Network) WLD/USD−0.060%L +0.0003% / S −0.0003%1h$70K—150xas long as short
Hyperliquid WLD−0.060%+0.0100%1h$45.8M$38.6M10xas long as short
GMX WLD/USD [ETH-USDC]−0.054%L +0.0187% / S −0.1014%1h$5K—100xas long as short
Gate WLD_USDT−0.051%+0.0033%8h$7.2M$33.9M75xas long as short
Polymarket Perps WLD-USD−0.048%+0.0100%1h$50K$1.7M10xas long as short
dYdX WLD-USD−0.035%+0.0066%1h$152K$5K10xas long as short
Backpack WLD_USDC_PERP−0.035%+0.0100%1h$132K$318K10xas long as short
Kalshi KXWLDPERP−0.028%−0.0212%8h$57K$3.0M1.7xas long as short
Deribit WLD_USDC-PERPETUAL−0.028%0.0000%1h$122K$746K25xas long as short
Kraken Futures PF_WLDUSDlong0.000%−0.0032%1h$766K$1.9M50x
SunX WLD-USDT+0.040%+0.0100%8h$22K$1.4M50xas long as short
Lighter WLD+0.069%+0.0096%1h$4.8M$1.1M10xas long as short
HTX WLD-USDT+0.130%+0.0100%8h$822K$1.6M50xas long as short