Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Hyperliquid against Polymarket Perps+0.030%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Polymarket Perps Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 7 days−0.346%−$35 · spread now +0.030%, 7d avg +0.075%

Together, before fees−0.267%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 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: Hyperliquid is 0.045% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WLD-USD	0.4341	0.0100	pay 0.0013% / 1h	32m 56s	$58K	$1.8M	10x
Short	Hyperliquid WLD	0.4342	0.0100	get 0.0013% / 1h	32m 56s	$43.4M	$36.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Polymarket Perps. 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 Polymarket PerpsbpFee HyperliquidbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.075%: −$4.51
Slippage, 4 orders: −$13.41
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$34.92
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Hyperliquid: live order book, 8 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 Polymarket Perps live order book, 3 min ago	1.73 bp	5.7 bp −$6	11.7 bp −$117	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	0.12 bp	10.2 bp −$10	doesn't fit	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
Variational Omni WLD	−0.0213%	8h	0.4328	−0.301%	$2.0M	$1.4M	—	as long as short
Bybit WLDUSDT	−0.0194%	8h	0.4338	−0.060%	$61.8M	$68.4M	50x	as long as short
Kalshi KXWLDPERP	−0.0101%	8h	0.4341	+0.009%	$91K	$3.6M	1.7x	as long as short
Nado WLD-PERP	−0.0088%	1h	0.4334	−0.141%	$339K	$150K	5x	as long as short
01 Exchange WLDUSD	−0.0072%	1h	0.4340	−0.002%	$311	$77	5x	as long as short
Phoenix WLD	−0.0055%	1h	0.4337	−0.088%	$2K	$47K	10x	as long as short
MEXC WLD_USDT	−0.0055%	8h	0.4341	+0.009%	$42.3M	$41.5M	300x	as long as short
Binance WLDUSDT	−0.0055%	8h	0.4340	−0.013%	$78.0M	$258.8M	75x	as long as short
OKX WLD-USDT-SWAP	−0.0038%	8h	0.4339	−0.037%	$32.6M	$120.8M	50x	as long as short
Orderly PERP_WLD_USDC	−0.0035%	8h	0.4339	−0.037%	$27K	$928K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WLDUSDTM	−0.0034%	8h	0.4340	−0.014%	$7.2M	$9.9M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4340	−0.014%	$148K	$5K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4341	+0.009%	$122K	$777K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4341	+0.002%	$56K	—	150x	as long as short
Backpack WLD_USDC_PERP	+0.0055%	1h	0.4340	−0.002%	$126K	$271K	10x	as long as short
Extended WLD-USD	+0.0064%	1h	0.4339	−0.034%	$148K	$534K	10x	as long as short
BloFin WLD-USDT	+0.0068%	8h	0.4332	−0.198%	$4.6M	$859K	75x	as long as short
Aevo WLD-PERP	+0.0072%	1h	0.4342	+0.021%	$29K	$5K	3x	as long as short
Gate WLD_USDT	+0.0079%	8h	0.4341	+0.009%	$7.5M	$32.3M	75x	as long as short
Lighter WLD	+0.0096%	1h	0.4345	+0.101%	$4.7M	$1.3M	10x	as long as short
Hyperliquid WLDshort	+0.0100%	1h	0.4342	+0.030%	$43.4M	$36.4M	10x
Aster WLDUSDT	+0.0100%	8h	0.4341	+0.018%	$224K	$912K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4339	−0.037%	$58K	$464K	5x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4340	−0.014%	$28.4M	$23.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4338	−0.060%	—	$67.4M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4344	+0.074%	$26K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4339	−0.036%	$585K	$1.8M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4345	+0.101%	$63K	$221K	50x	as long as short
Polymarket Perps WLD-USDlong	+0.0100%	1h	0.4341	long leg	$58K	$1.8M	10x
SunX WLD-USDT	+0.0100%	8h	0.4343	+0.055%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4338	−0.060%	$187	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4336	−0.106%	$804K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4338	−0.060%	$1.8M	$3.8M	50x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4344	+0.078%	$6K	$90K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4337	−0.072%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0205% / S −0.1501%	1h	0.4342	+0.029%	$7K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0352%	1h	0.4348	+0.170%	$262K	$1.4M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0465%	1h	0.4343	+0.051%	$877K	$2.3M	50x	as long as short