Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.021%

Price spread now: KuCoin against SoDEX−0.022%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.022% cheaper against SoDEX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX WLD-USD	0.4581	0.0100	pay 0.0013% / 1h	47m 58s	$216	$5K	10x
Short	KuCoin WLDUSDTM	0.4580	−0.0006	pay 0.0006% / 8h	7h 47m	$7.0M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$22.26
Price spread: −0.022% → 0.000%: −$2.18
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.44
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 10 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 SoDEX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 10 min ago	3.28 bp	18.5 bp −$19	35.7 bp −$357	doesn't fit	doesn't fit

SoDEX: 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
Kalshi KXWLDPERP	−0.0200%	8h	0.4586	+0.109%	$63K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0015%	1h	0.4583	+0.055%	$276K	$169K	5x	as long as short
KuCoin WLDUSDTMshort	−0.0006%	8h	0.4580	−0.022%	$7.0M	$11.1M	50x
Gate WLD_USDT	−0.0003%	8h	0.4585	+0.087%	$7.5M	$35.1M	75x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4586	+0.102%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4586	+0.109%	$123K	$861K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4585	+0.091%	$56K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4597	+0.349%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0041%	8h	0.4584	+0.065%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4583	+0.049%	$191K	$984K	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	0.4590	+0.192%	$54K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4585	+0.087%	$86.6M	$303.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4586	+0.109%	$65.7M	$82.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4585	+0.087%	$34.3M	$143.5M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4586	+0.109%	$46.5M	$53.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4585	+0.087%	$30.3M	$26.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4582	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4583	+0.055%	$136K	$282K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4581	−0.005%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4590	+0.202%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4597	+0.349%	$610K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4579	−0.044%	$54K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4586	+0.114%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4589	+0.175%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USDlong	+0.0100%	1h	0.4581	long leg	$216	$5K	10x
HTX WLD-USDT	+0.0100%	8h	0.4577	−0.087%	$854K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4582	+0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4585	+0.078%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4585	+0.087%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4584	+0.061%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4585	+0.094%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4587	+0.131%	$4.9M	$821K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4584	+0.056%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4588	+0.146%	$328	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0329%	1h	0.4581	0.000%	$903K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4583	+0.044%	$273K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0722%	1h	0.4591	+0.227%	$51.1M	$43.5M	10x	as long as short
Lighter WLD	+0.0936%	1h	0.4587	+0.122%	$5.2M	$2.0M	10x	as long as short