Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0544%/8h= +59.6% APRpaid last 24h +0.005%

Price spread now: Kraken Futures against OKX+0.084%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$620.623% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 3 days (all we have)+0.108%+$11 · spread now +0.084%, 7d avg +0.081%

Together, before fees+0.224%+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.081%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.116% in total (about 6.0% 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	OKX WLD-USDT-SWAP	0.4644	0.0100	pay 0.0100% / 8h	6h 16m	$34.9M	$152.2M	50x
Short	Kraken Futures PF_WLDUSD	0.4648	0.0644	get 0.0080% / 1h	16m 58s	$905K	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.084%Rate

Funding earned: $114.22
Price spread: +0.084% → +0.081%: $0.35
Slippage, 4 orders: −$42.3
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $52.27
Costs to cover: 0.623%
Break-even: 3.8 days

Slippage from OKX: live order book, 2 min ago; Kraken Futures: live order book, 2 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, 2 min ago	1.07 bp	9.9 bp −$10	21.1 bp −$211	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	10.72 bp	24.2 bp −$24	33.8 bp −$338	1118.4 bp −$111.8K	doesn't fit

WLD on 37 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	−0.0235%	1h	0.4666	+0.474%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0144%	8h	0.4648	+0.086%	$65K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0043%	8h	0.4646	+0.043%	$7.1M	$11.6M	50x	as long as short
Nado WLD-PERP	−0.0002%	1h	0.4647	+0.065%	$270K	$189K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4657	+0.281%	$166K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4649	+0.108%	$120K	$918K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4648	+0.081%	$56K	—	150x	as long as short
Gate WLD_USDT	+0.0059%	8h	0.4646	+0.043%	$7.3M	$37.9M	75x	as long as short
Orderly PERP_WLD_USDC	+0.0060%	8h	0.4647	+0.065%	$28K	$897K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4667	+0.500%	$5K	$54K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4645	+0.023%	$178K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4658	+0.306%	$53K	$511K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4649	+0.108%	$88.3M	$326.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4649	+0.108%	$66.3M	$88.1M	50x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4644	long leg	$34.9M	$152.2M	50x
MEXC WLD_USDT	+0.0100%	8h	0.4648	+0.086%	$45.8M	$56.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4644	0.000%	$30.9M	$29.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4648	+0.086%	—	$67.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4642	−0.039%	$140K	$294K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4664	+0.423%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4680	+0.776%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4691	+1.012%	$622K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4689	+0.969%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4650	+0.138%	$55K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4654	+0.215%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4645	+0.022%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4653	+0.194%	$881K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4644	0.000%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4646	+0.038%	$214K	$889K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4649	+0.114%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4645	+0.014%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4648	+0.081%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4653	+0.192%	$333	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4652	+0.172%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0544%	1h	0.4650	+0.131%	$51.7M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0644%	1h	0.4648	+0.084%	$905K	$2.9M	50x
Lighter WLD	+0.0864%	1h	0.4654	+0.226%	$5.3M	$2.1M	10x	as long as short