Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.021%

Price spread now: Orderly against SoDEX−0.045%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 Orderly

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

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Orderly is 0.045% cheaper against SoDEX than usual: you would sell low and buy high (−$4 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	0.4464	0.0100	pay 0.0013% / 1h	47m 48s	$231	$5K	10x
Short	Orderly PERP_WLD_USDC	0.4462	0.0088	get 0.0088% / 8h	5h 47m	$27K	$334K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.045%Rate

Funding earned: −$2.43
Price spread: −0.045% → 0.000%: −$4.48
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.91
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Orderly: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

SoDEX and Orderly: 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 exchanges

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
Kraken Futures PF_WLDUSD	−0.0193%	1h	0.4466	+0.049%	$855K	$2.6M	50x	as long as short
Nado WLD-PERP	−0.0141%	1h	0.4456	−0.179%	$234K	$159K	5x	as long as short
Bybit WLDUSDT	−0.0134%	8h	0.4461	−0.067%	$63.8M	$84.9M	50x	as long as short
Polymarket Perps WLD-USD	−0.0121%	1h	0.4456	−0.179%	$48K	$2.6M	10x	as long as short
Gate WLD_USDT	−0.0091%	8h	0.4462	−0.045%	$7.0M	$31.2M	75x	as long as short
01 Exchange WLDUSD	−0.0064%	1h	0.4459	−0.121%	$319	$55	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4463	−0.022%	$67K	$4.2M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4463	−0.022%	$101K	$1.1M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4463	−0.032%	$65K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	+0.291%	$6K	$185K	5.5x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX WLD-USD	+0.0009%	1h	0.4460	−0.093%	$152K	$31K	10x	as long as short
Phoenix WLD	+0.0053%	1h	0.4456	−0.168%	$4K	$40K	10x	as long as short
KuCoin WLDUSDTM	+0.0059%	8h	0.4465	+0.022%	$6.6M	$10.4M	50x	as long as short
Variational Omni WLD	+0.0080%	8h	0.4450	−0.305%	$2.0M	$1.4M	—	as long as short
Orderly PERP_WLD_USDCshort	+0.0088%	8h	0.4462	−0.045%	$27K	$334K	10x
Lighter WLD	+0.0096%	1h	0.4468	+0.087%	$4.8M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4468	+0.083%	$49.4M	$28.9M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4465	+0.020%	$210K	$884K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4459	−0.112%	$58K	$501K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4463	−0.021%	$84.8M	$313.0M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4461	−0.067%	$33.9M	$141.2M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4468	+0.090%	$41.9M	$54.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4461	−0.067%	$29.4M	$28.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4463	−0.022%	—	$55.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4467	+0.060%	$129K	$275K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4454	−0.219%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4471	+0.157%	$593K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4455	−0.202%	$59K	$242K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4466	+0.045%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USDlong	+0.0100%	1h	0.4464	long leg	$231	$5K	10x
HTX WLD-USDT	+0.0100%	8h	0.4455	−0.202%	$817K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4466	+0.045%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4464	−0.011%	$210K	$659K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4465	+0.021%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4450	−0.304%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0218% / S −0.0967%	1h	0.4466	+0.039%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4453	−0.246%	$4.8M	$912K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4463	−0.022%	$272K	$968K	50x	as long as short