Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Phemex+0.083%46s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$990.988% of the position

Long on Phemex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 3 days (all we have)−0.238%−$24 · spread now +0.083%, 7d avg +0.013%

Together, before fees−0.318%−$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.070% dearer against Phemex than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.013%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4585	0.0100	pay 0.0100% / 8h	1h 07m	$1.8M	$3.7M	50x
Short	Polymarket Perps WLD-USD	0.4589	0.0100	get 0.0013% / 1h	7m 27s	$41K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Phemex. 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 PhemexbpFee Polymarket PerpsbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.013%: $6.99
Slippage, 4 orders: −$78.79
Fee Phemex: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$91.8
Costs to cover: 0.988%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; Polymarket Perps: live order book, 1 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 Phemex live order book, 1 min ago	3.27 bp	45.9 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	2.72 bp	8.4 bp −$8	10.0 bp −$100	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	−0.0285%	8h	0.4586	+0.022%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	−0.153%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4584	−0.025%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4586	+0.022%	$109K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4586	+0.024%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0006%	8h	0.4586	+0.022%	$28K	$911K	10x	as long as short
KuCoin WLDUSDTM	+0.0008%	8h	0.4581	−0.087%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0048%	1h	0.4585	+0.005%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4583	−0.034%	$195K	$999K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4583	−0.041%	$53K	$481K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4586	+0.011%	$86.7M	$297.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4586	+0.022%	$65.7M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4587	+0.044%	$34.3M	$141.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4585	0.000%	$7.5M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4586	+0.022%	$49.3M	$52.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4585	0.000%	$30.3M	$25.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4584	−0.022%	—	$67.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4587	+0.044%	$129K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4571	−0.308%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4572	−0.294%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4591	+0.138%	$617K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	+0.065%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USDshort	+0.0100%	1h	0.4589	+0.083%	$41K	$1.6M	10x
SunX WLD-USDT	+0.0100%	8h	0.4593	+0.174%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4586	+0.022%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4588	+0.065%	$866K	$1.8M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4585	long leg	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4577	−0.184%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4588	+0.065%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4583	−0.039%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4586	+0.030%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4588	+0.070%	$916K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4594	+0.196%	$4.9M	$817K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4585	−0.011%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4585	−0.004%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4594	+0.196%	$271K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0678%	1h	0.4593	+0.168%	$49.9M	$43.0M	10x	as long as short
Lighter WLD	+0.1008%	1h	0.4593	+0.183%	$5.2M	$2.1M	10x	as long as short