Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.021%

Price spread now: Pacifica against KuCoin+0.094%7-day average +0.052% · 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−$55as in the Price arb table

costs, in and out, $10k−$590.594% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.094%, 7d avg +0.052%

Together, before fees+0.140%+ Points / potential airdropPacifica: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Pacifica is 0.042% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4688	−0.0017	get 0.0017% / 8h	7h 27m	$7.0M	$11.1M	50x
Short	Pacifica WLD	0.4692	0.0100	get 0.0013% / 1h	27m 30s	$55K	$481K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.094%Rate

Funding earned: $24.57
Price spread: +0.094% → +0.052%: $4.19
Slippage, 4 orders: −$39.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$30.61
Costs to cover: 0.594%
Break-even: 15.7 days

Slippage from KuCoin: live order book, 6 min ago; Pacifica: live order book, 46 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, 6 min ago	2.15 bp	19.4 bp −$19	49.6 bp −$496	doesn't fit	doesn't fit
Sell Pacifica live order book, 46 min ago	4.36 bp	11.3 bp −$11	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	−0.0177%	8h	0.4674	−0.299%	$38K	$3.9M	1.7x	as long as short
Phemex WLDUSDT	−0.0131%	8h	0.4685	−0.064%	$1.9M	$3.7M	50x	as long as short
Nado WLD-PERP	−0.0025%	1h	0.4693	+0.117%	$281K	$170K	5x	as long as short
KuCoin WLDUSDTMlong	−0.0017%	8h	0.4688	long leg	$7.0M	$11.1M	50x
dYdX WLD-USD	0.0000%	1h	0.4689	+0.027%	$167K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4694	+0.130%	$58K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−0.619%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0044%	8h	0.4688	0.000%	$29K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4692	+0.078%	$192K	$976K	50x	as long as short
Pacifica WLDshort	+0.0100%	1h	0.4692	+0.094%	$55K	$481K	5x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4692	+0.095%	$89.4M	$305.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4691	+0.064%	$67.6M	$82.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4692	+0.085%	$35.4M	$147.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4688	0.000%	$7.6M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4692	+0.085%	$48.6M	$54.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4693	+0.107%	$31.3M	$26.4M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4689	+0.021%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4694	+0.132%	$139K	$279K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4661	−0.581%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4656	−0.682%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	−0.555%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4661	−0.576%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4694	+0.122%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4694	+0.128%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4689	+0.021%	$221	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4682	−0.128%	$871K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4689	+0.032%	$221K	$863K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4689	+0.028%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4692	+0.081%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4668	−0.416%	$5K	$53K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0176%	1h	0.4692	+0.085%	$134K	$863K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4656	−0.683%	$4.9M	$862K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4693	+0.096%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4697	+0.196%	$336	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0321%	1h	0.4692	+0.084%	$922K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4688	0.000%	$278K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0782%	1h	0.4699	+0.243%	$52.4M	$43.6M	10x	as long as short
Lighter WLD	+0.0920%	1h	0.4698	+0.205%	$5.3M	$2.0M	10x	as long as short