Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h +0.026%

Price spread now: Injective against OKX+0.201%7-day average +0.233% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now +0.201%, 7d avg +0.233%

Together, before fees+0.164%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Injective is 0.031% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.233%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4468	0.0100	pay 0.0100% / 8h	5h 53m	$33.9M	$140.6M	50x
Short	Injective WLD/USDC PERP	0.4477	0.0007	get 0.0001% / 1h	53m 15s	$6K	$185K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.201%Rate

Funding earned: −$19.55
Price spread: +0.201% → +0.233%: −$3.12
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$32.7
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; Injective: live order book, 58 min ago. Net counts fees only.

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, 4 min ago	1.12 bp	6.6 bp −$7	13.3 bp −$133	229.2 bp −$22.9K	doesn't fit
Sell Injective live order book, 58 min ago	65.01 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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
Deribit WLD_USDC-PERPETUAL	−0.0197%	1h	0.4475	+0.157%	$101K	$1.1M	25x	as long as short
Kraken Futures PF_WLDUSD	−0.0193%	1h	0.4477	+0.197%	$874K	$2.6M	50x	as long as short
Nado WLD-PERP	−0.0129%	1h	0.4472	+0.101%	$235K	$159K	5x	as long as short
Polymarket Perps WLD-USD	−0.0116%	1h	0.4468	+0.004%	$48K	$2.6M	10x	as long as short
Bybit WLDUSDT	−0.0108%	8h	0.4467	−0.022%	$63.6M	$84.8M	50x	as long as short
Gate WLD_USDT	−0.0084%	8h	0.4469	+0.022%	$7.0M	$31.0M	75x	as long as short
01 Exchange WLDUSD	−0.0080%	1h	0.4475	+0.145%	$320	$55	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4476	+0.179%	$52K	$4.2M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4475	+0.156%	$65K	—	150x	as long as short
Injective WLD/USDC PERPshort	+0.0007%	1h	0.4477	+0.201%	$6K	$185K	5.5x

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX WLD-USD	+0.0014%	1h	0.4477	+0.199%	$153K	$31K	10x	as long as short
Phoenix WLD	+0.0053%	1h	0.4481	+0.284%	$4K	$40K	10x	as long as short
KuCoin WLDUSDTM	+0.0066%	8h	0.4468	0.000%	$6.6M	$10.4M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0090%	8h	0.4473	+0.112%	$27K	$340K	10x	as long as short
Variational Omni WLD	+0.0094%	8h	0.4473	+0.120%	$2.1M	$1.4M	—	as long as short
Lighter WLD	+0.0096%	1h	0.4479	+0.251%	$4.8M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4475	+0.154%	$49.4M	$28.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4477	+0.201%	$210K	$884K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4475	+0.157%	$58K	$498K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4474	+0.131%	$85.1M	$311.7M	75x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4468	long leg	$33.9M	$140.6M	50x
MEXC WLD_USDT	+0.0100%	8h	0.4473	+0.112%	$42.4M	$54.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4470	+0.045%	$29.6M	$28.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4472	+0.090%	—	$55.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4473	+0.105%	$129K	$274K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4484	+0.352%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4480	+0.269%	$593K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4481	+0.291%	$59K	$242K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4479	+0.246%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4474	+0.134%	$231	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4473	+0.112%	$820K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4474	+0.134%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4472	+0.090%	$211K	$659K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4475	+0.157%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4472	+0.099%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0218% / S −0.0967%	1h	0.4476	+0.171%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4472	+0.090%	$4.7M	$901K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4476	+0.179%	$272K	$974K	50x	as long as short