Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.021%

Price spread now: KuCoin against Pacifica−0.030%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$590.594% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.030%, 7d avg −0.052%

Together, before fees−0.204%+ Points / potential airdropPacifica: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.022% dearer against Pacifica than usual: you sell high and buy low (spread −0.030% now, against its 7-day average of −0.052%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.096% in total) that is about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica WLD	0.4692	0.0100	pay 0.0013% / 1h	27m 43s	$55K	$481K	5x
Short	KuCoin WLDUSDTM	0.4691	−0.0017	pay 0.0017% / 8h	7h 27m	$7.0M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$24.57
Price spread: −0.030% → −0.052%: $2.21
Slippage, 4 orders: −$39.38
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$81.74
Costs to cover: 0.594%
Break-even: never at this rate

Slippage from Pacifica: live order book, 46 min ago; KuCoin: live order book, 6 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 Pacifica live order book, 46 min ago	4.36 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.15 bp	14.9 bp −$15	44.0 bp −$440	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
Kalshi KXWLDPERP	−0.0177%	8h	0.4674	−0.392%	$38K	$3.9M	1.7x	as long as short
Phemex WLDUSDT	−0.0131%	8h	0.4685	−0.158%	$1.9M	$3.7M	50x	as long as short
Nado WLD-PERP	−0.0024%	1h	0.4677	−0.318%	$280K	$170K	5x	as long as short
KuCoin WLDUSDTMshort	−0.0017%	8h	0.4691	−0.030%	$7.0M	$11.1M	50x
dYdX WLD-USD	0.0000%	1h	0.4689	−0.067%	$167K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4681	−0.241%	$58K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−0.712%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0044%	8h	0.4688	−0.094%	$29K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4691	−0.036%	$192K	$976K	50x	as long as short
Pacifica WLDlong	+0.0100%	1h	0.4692	long leg	$55K	$481K	5x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4689	−0.083%	$89.3M	$305.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4688	−0.094%	$67.5M	$82.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4687	−0.115%	$35.4M	$147.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4688	−0.094%	$7.6M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4687	−0.115%	$48.6M	$54.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4692	−0.009%	$31.3M	$26.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4689	−0.073%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4694	+0.038%	$139K	$279K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4661	−0.674%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4667	−0.547%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	−0.648%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4673	−0.414%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4681	−0.245%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4694	+0.034%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4689	−0.073%	$221	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4682	−0.222%	$871K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4689	−0.062%	$221K	$863K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4689	−0.066%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4680	−0.269%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4655	−0.799%	$5K	$53K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0176%	1h	0.4692	−0.009%	$134K	$863K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4656	−0.776%	$4.9M	$862K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4679	−0.276%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4697	+0.102%	$336	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0321%	1h	0.4692	−0.010%	$922K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4688	−0.094%	$278K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0783%	1h	0.4704	+0.249%	$52.4M	$43.6M	10x	as long as short
Lighter WLD	+0.0920%	1h	0.4698	+0.111%	$5.3M	$2.0M	10x	as long as short