Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.015%

Price spread now: 01 Exchange against Phemex+0.175%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.175% dearer against Phemex than usual: you sell high and buy low (spread +0.175% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4521	0.0100	pay 0.0100% / 8h	2h 50m	$1.8M	$3.7M	50x
Short	01 Exchange WLDUSD	0.4529	0.0072	get 0.0009% / 1h	50m 11s	$324	$55	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.175%Rate

Funding earned: −$5.88
Price spread: +0.175% → 0.000%: $17.47
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$7.41
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 4 min ago; 01 Exchange: no order-book sample. 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 Phemex live order book, 4 min ago	5.54 bp	46.4 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 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
Nado WLD-PERP	−0.0036%	1h	0.4526	+0.122%	$240K	$204K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4523	+0.048%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4522	+0.022%	$72K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4523	+0.044%	$146K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4524	+0.063%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0038%	8h	0.4526	+0.111%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSDshort	+0.0072%	1h	0.4529	+0.175%	$324	$55	5x
Polymarket Perps WLD-USD	+0.0088%	1h	0.4524	+0.060%	$47K	$2.3M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4523	+0.044%	$28K	$853K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4520	−0.024%	$226K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4526	+0.111%	$47K	$533K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4520	−0.024%	$86.0M	$336.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4517	−0.088%	$64.1M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4518	−0.066%	$34.1M	$153.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4525	+0.088%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4518	−0.066%	$39.0M	$55.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4523	+0.044%	$29.8M	$30.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4525	+0.088%	—	$68.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4528	+0.146%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4526	+0.104%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4514	−0.144%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4521	0.000%	$593K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4517	−0.088%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4532	+0.243%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4520	−0.022%	$208	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.022%	$826K	$1.8M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4521	long leg	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4520	−0.016%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4523	+0.044%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4525	+0.083%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4523	+0.044%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	−0.044%	$6K	$185K	5.5x	as long as short
Lighter WLD	+0.0192%	1h	0.4523	+0.051%	$4.9M	$2.9M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4523	+0.054%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4528	+0.155%	$4.8M	$930K	75x	as long as short
Hyperliquid WLD	+0.0352%	1h	0.4531	+0.232%	$49.1M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0501%	1h	0.4521	−0.005%	$865K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4532	+0.243%	$267K	$1.7M	50x	as long as short