Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.080%

Price spread now: Kraken Futures against KuCoin+0.098%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$690.689% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.193%+$19 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.098%, 7d avg +0.066%

Together, before fees+0.252%+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.032% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.066%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.193% in total (about 10.0% 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	KuCoin WLDUSDTM	0.4522	0.0100	pay 0.0100% / 8h	10m 08s	$6.6M	$11.6M	50x
Short	Kraken Futures PF_WLDUSD	0.4526	0.0456	get 0.0057% / 1h	10m 08s	$867K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.098%Rate

Funding earned: $74.83
Price spread: +0.098% → +0.066%: $3.2
Slippage, 4 orders: −$46.88
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $9.14
Costs to cover: 0.689%
Break-even: 6.1 days

Slippage from KuCoin: live order book, 8 min ago; Kraken Futures: live order book, 4 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, 8 min ago	1.11 bp	18.8 bp −$19	41.1 bp −$411	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	6.63 bp	11.6 bp −$12	21.7 bp −$217	988.9 bp −$98.9K	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
Injective WLD/USDC PERP	−0.0309%	1h	0.4508	−0.310%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0009%	1h	0.4522	+0.011%	$235K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4512	−0.213%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4514	−0.177%	$51K	$4.6M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4522	+0.001%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4524	+0.044%	$27K	$662K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4523	+0.031%	$229K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4515	−0.164%	$54K	$546K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4525	+0.071%	$86.8M	$333.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4523	+0.022%	$64.0M	$89.4M	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	0.4523	+0.022%	$34.2M	$151.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4521	−0.022%	$7.1M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4524	+0.044%	$41.9M	$57.1M	300x	as long as short
KuCoin WLDUSDTMlong	+0.0100%	8h	0.4522	long leg	$6.6M	$11.6M	50x
Bitget WLDUSDT	+0.0100%	8h	0.4523	+0.022%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4523	+0.022%	—	$20.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4525	+0.075%	$132K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4505	−0.377%	$2.0M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4513	−0.204%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4523	+0.019%	$595K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4523	+0.022%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4524	+0.044%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4523	+0.022%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4524	+0.044%	$219	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.044%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4524	+0.044%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4521	−0.013%	$208K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4525	+0.066%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4524	+0.042%	—	—	20x	as long as short
Phoenix WLD	+0.0177%	1h	0.4521	−0.020%	$4K	$43K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0192%	1h	0.4525	+0.066%	$136K	$986K	25x	as long as short
01 Exchange WLDUSD	+0.0216%	1h	0.4523	+0.027%	$324	$55	5x	as long as short
Lighter WLD	+0.0216%	1h	0.4530	+0.184%	$4.9M	$2.9M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4522	+0.002%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4509	−0.287%	$4.8M	$896K	75x	as long as short
Hyperliquid WLD	+0.0400%	1h	0.4529	+0.157%	$50.3M	$43.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4527	+0.111%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0456%	1h	0.4526	+0.098%	$867K	$2.8M	50x