Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.021%

Price spread now: edgeX against KuCoin+0.230%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.230%, 7d avg −0.004%

Together, before fees−0.013%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.234% dearer against KuCoin than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4565	0.0071	pay 0.0071% / 8h	2h 03m	$6.8M	$11.9M	50x
Short	edgeX WLDUSDC	0.4576	0.0100	get 0.0050% / 4h	2h 03m	$27K	$321K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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 KuCoinbpFee edgeXbpOrdersPrice spread, now +0.230%Rate

Funding earned: $6.09
Price spread: +0.230% → −0.004%: $23.43
Slippage, 4 orders: −$42.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$33.53
Costs to cover: 0.630%
Break-even: 45.5 days

Slippage from KuCoin: live order book, 5 min ago; edgeX: live order book, 45 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 KuCoin live order book, 5 min ago	1.10 bp	25.0 bp −$25	44.0 bp −$440	doesn't fit	doesn't fit
Sell edgeX live order book, 45 min ago	4.43 bp	8.9 bp −$9	18.3 bp −$183	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
Nado WLD-PERP	−0.0034%	1h	0.4561	−0.099%	$240K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4566	+0.024%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4567	+0.044%	$54K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4566	+0.012%	$66K	—	150x	as long as short
KuCoin WLDUSDTMlong	+0.0071%	8h	0.4565	long leg	$6.8M	$11.9M	50x
01 Exchange WLDUSD	+0.0080%	1h	0.4567	+0.035%	$327	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4567	+0.044%	$27K	$790K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4568	+0.072%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4568	+0.062%	$51K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4566	+0.027%	$87.0M	$339.4M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4566	+0.022%	$65.1M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4567	+0.044%	$34.6M	$156.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4564	−0.022%	$7.2M	$37.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4563	−0.044%	$40.3M	$57.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4565	0.000%	$30.2M	$31.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4565	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4569	+0.081%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	+0.300%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDCshort	+0.0100%	4h	0.4576	+0.230%	$27K	$321K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.372%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4574	+0.197%	$49K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4563	−0.035%	$47K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4570	+0.110%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4568	+0.066%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	+0.044%	$835K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4567	+0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4566	+0.025%	$211K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4567	+0.055%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4563	−0.051%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4578	+0.280%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4572	+0.162%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.460%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0188%	1h	0.4569	+0.088%	$152K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4564	−0.025%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4573	+0.175%	$4.8M	$923K	75x	as long as short
Hyperliquid WLD	+0.0358%	1h	0.4570	+0.112%	$49.8M	$44.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0496%	1h	0.4570	+0.113%	$864K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4566	+0.022%	$275K	$1.7M	50x	as long as short