Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.011%

Price spread now: Extended against OKX−0.028%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs+$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.394%+$39 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.028%, 7d avg −0.022%

Together, before fees+0.421%+ Points / potential airdropExtended: Active · farm board+$42 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4531	0.0100	pay 0.0100% / 8h	3h 23m	$34.3M	$150.4M	50x
Short	Extended WLD-USD	0.4530	0.0104	get 0.0013% / 1h	23m 28s	$216K	$984K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0.84
Price spread: −0.028% → −0.022%: −$0.54
Slippage, 4 orders: −$11.51
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$26.21
Costs to cover: 0.265%
Break-even: 225.4 days

Slippage from OKX: live order book, 6 min ago; Extended: live order book, 30 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, 6 min ago	1.10 bp	9.1 bp −$9	17.1 bp −$171	doesn't fit	doesn't fit
Sell Extended live order book, 30 min ago	1.08 bp	5.5 bp −$6	12.1 bp −$121	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	−0.0028%	1h	0.4531	0.000%	$240K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4534	+0.059%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4533	+0.044%	$66K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4532	+0.022%	$123K	$939K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4532	+0.018%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0027%	8h	0.4532	+0.022%	$6.9M	$11.7M	50x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4537	+0.125%	$208K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4536	+0.104%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4532	+0.013%	$86.4M	$330.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4529	−0.044%	$64.5M	$89.9M	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-SWAPlong	+0.0100%	8h	0.4531	long leg	$34.3M	$150.4M	50x
Gate WLD_USDT	+0.0100%	8h	0.4533	+0.044%	$7.2M	$36.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4532	+0.022%	$40.9M	$55.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4530	−0.022%	$29.9M	$30.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4532	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4534	+0.073%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4546	+0.324%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4554	+0.515%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4542	+0.250%	$601K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4557	+0.574%	$43K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4531	0.000%	$39K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4533	+0.044%	$28K	$868K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4543	+0.265%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4532	+0.022%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4530	−0.022%	$830K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4532	+0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USDshort	+0.0104%	1h	0.4530	−0.028%	$216K	$984K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4534	+0.075%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4531	+0.004%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.993%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4552	+0.475%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4544	+0.287%	$4.9M	$890K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4536	+0.105%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0288%	1h	0.4534	+0.066%	$324	$55	5x	as long as short
Hyperliquid WLD	+0.0380%	1h	0.4538	+0.157%	$49.8M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0524%	1h	0.4535	+0.080%	$881K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4539	+0.177%	$265K	$1.6M	50x	as long as short
Lighter WLD	+0.0824%	1h	0.4546	+0.342%	$5.1M	$2.6M	10x	as long as short