Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.021%

Price spread now: Extended against Orderly−0.044%7-day average −0.054% · you buy dearer than you sell

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

Long on Orderly Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.427%+$43 on $10k

Price spread, last 4 days (all we have)−0.401%−$40 · spread now −0.044%, 7d avg −0.054%

Together, before fees+0.027%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WLD_USDC	0.4484	0.0091	pay 0.0091% / 8h	6h 01m	$27K	$357K	10x
Short	Extended WLD-USD	0.4482	0.0104	get 0.0013% / 1h	1m 10s	$212K	$659K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Orderly. 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 OrderlybpFee ExtendedbpOrdersPrice spread, now −0.044%Rate

Funding earned: $2.74
Price spread: −0.044% → −0.054%: $1.03
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$7.23
Costs to cover: 0.110%
Break-even: 25.5 days

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 49 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 Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 49 min ago	2.23 bp	4.8 bp −$5	11.3 bp −$113	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado WLD-PERP	−0.0093%	1h	0.4486	+0.033%	$235K	$159K	5x	as long as short
Bybit WLDUSDT	−0.0086%	8h	0.4481	−0.067%	$63.9M	$85.4M	50x	as long as short
Gate WLD_USDT	−0.0079%	8h	0.4484	0.000%	$7.0M	$32.9M	75x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4491	+0.156%	$53K	$4.2M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4486	+0.045%	$102K	$1.1M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4485	+0.012%	$65K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0033%	1h	0.4477	−0.156%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0048%	1h	0.4487	+0.069%	$321	$55	5x	as long as short
KuCoin WLDUSDTM	+0.0076%	8h	0.4482	−0.045%	$6.6M	$10.8M	50x	as long as short
Polymarket Perps WLD-USD	+0.0086%	1h	0.4480	−0.087%	$49K	$2.6M	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WLD_USDClong	+0.0091%	8h	0.4484	long leg	$27K	$357K	10x
Lighter WLD	+0.0096%	1h	0.4489	+0.118%	$4.9M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4488	+0.098%	$49.6M	$30.0M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4487	+0.074%	$211K	$884K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4487	+0.062%	$58K	$526K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4484	0.000%	$85.2M	$314.2M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4482	−0.045%	$34.1M	$141.6M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4484	0.000%	$42.8M	$57.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4483	−0.022%	$29.7M	$28.8M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4482	−0.045%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4484	−0.004%	$128K	$272K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4502	+0.411%	$2.1M	$1.4M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4508	+0.539%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4499	+0.343%	$594K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4511	+0.602%	$60K	$242K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4491	+0.156%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4485	+0.022%	$234	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4492	+0.178%	$824K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4487	+0.067%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USDshort	+0.0104%	1h	0.4482	−0.044%	$212K	$659K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4483	−0.022%	$30K	$500	3x	as long as short
Phoenix WLD	+0.0123%	1h	0.4487	+0.074%	$4K	$43K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4485	+0.020%	—	—	20x	as long as short
dYdX WLD-USD	+0.0137%	1h	0.4487	+0.056%	$153K	$31K	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0203%	1h	0.4488	+0.080%	$876K	$2.6M	50x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0218% / S −0.0967%	1h	0.4486	+0.043%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4483	−0.022%	$4.7M	$911K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0416%	1h	0.4495	+0.245%	$273K	$982K	50x	as long as short