Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Binance against OKX+0.109%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.109%, 7d avg +0.028%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.082% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4477	0.0100	pay 0.0100% / 8h	5h 56m	$34.2M	$140.6M	50x
Short	Binance WLDUSDT	0.4482	0.0100	get 0.0100% / 8h	5h 56m	$85.1M	$311.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → +0.028%: $8.15
Slippage, 4 orders: −$8.39
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.24
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 10 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 OKX live order book, 5 min ago	1.12 bp	6.1 bp −$6	15.4 bp −$154	263.2 bp −$26.3K	doesn't fit
Sell Binance live order book, 10 min ago	1.11 bp	7.3 bp −$7	15.2 bp −$152	47.0 bp −$4,702	176.2 bp −$88.1K

WLD on 38 exchanges

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
Kraken Futures PF_WLDUSD	−0.0192%	1h	0.4490	+0.279%	$876K	$2.6M	50x	as long as short
Nado WLD-PERP	−0.0098%	1h	0.4483	+0.134%	$235K	$159K	5x	as long as short
Bybit WLDUSDT	−0.0093%	8h	0.4480	+0.067%	$63.8M	$84.8M	50x	as long as short
Gate WLD_USDT	−0.0074%	8h	0.4482	+0.112%	$7.0M	$30.9M	75x	as long as short
Polymarket Perps WLD-USD	−0.0069%	1h	0.4479	+0.054%	$49K	$2.6M	10x	as long as short
01 Exchange WLDUSD	−0.0032%	1h	0.4487	+0.217%	$321	$55	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4487	+0.216%	$153K	$31K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4486	+0.201%	$51K	$4.2M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4488	+0.246%	$102K	$1.1M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4488	+0.256%	$65K	—	150x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	0.000%	$6K	$185K	5.5x	as long as short
KuCoin WLDUSDTM	+0.0071%	8h	0.4480	+0.067%	$6.6M	$10.4M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0090%	8h	0.4487	+0.223%	$27K	$351K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4490	+0.288%	$4.9M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4489	+0.273%	$49.5M	$30.0M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4486	+0.199%	$211K	$883K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4483	+0.141%	$58K	$498K	5x	as long as short
Binance WLDUSDTshort	+0.0100%	8h	0.4482	+0.109%	$85.1M	$311.6M	75x
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4477	long leg	$34.2M	$140.6M	50x
MEXC WLD_USDT	+0.0100%	8h	0.4483	+0.134%	$42.8M	$54.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4479	+0.045%	$29.6M	$28.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4482	+0.112%	—	$55.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4487	+0.214%	$128K	$271K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4481	+0.099%	$2.1M	$1.4M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4484	+0.161%	$27K	$323K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4492	+0.335%	$594K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4488	+0.246%	$59K	$242K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4489	+0.268%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4487	+0.223%	$233	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4487	+0.223%	$823K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4487	+0.223%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4477	−0.010%	$212K	$659K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4488	+0.246%	$30K	$500	3x	as long as short
Phoenix WLD	+0.0123%	1h	0.4492	+0.328%	$4K	$40K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4482	+0.120%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4488	+0.248%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4483	+0.134%	$4.8M	$908K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4489	+0.268%	$273K	$978K	50x	as long as short