Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h +0.046%

Price spread now: Orderly against 01 Exchange−0.103%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Orderly

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 −$7 a day on $10k at the current rate, and Orderly is 0.103% cheaper against 01 Exchange than usual: you would sell low and buy high (−$10 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	01 Exchange WLDUSD	0.4578	0.0248	pay 0.0031% / 1h	15m 44s	$328	$77	5x
Short	Orderly PERP_WLD_USDC	0.4573	0.0005	get 0.0005% / 8h	1h 15m	$28K	$912K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against 01 Exchange. 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 01 ExchangebpFee OrderlybpOrdersPrice spread, now −0.103%Rate

Funding earned: −$51.14
Price spread: −0.103% → 0.000%: −$10.27
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$74.4
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

01 Exchange 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 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	−0.0306%	8h	0.4570	−0.168%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	+0.007%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4571	−0.148%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4574	−0.081%	$108K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4574	−0.078%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDCshort	+0.0005%	8h	0.4573	−0.103%	$28K	$912K	10x
KuCoin WLDUSDTM	+0.0007%	8h	0.4568	−0.212%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0051%	1h	0.4570	−0.168%	$275K	$169K	5x	as long as short
Variational Omni WLD	+0.0084%	8h	0.4578	+0.005%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4571	−0.139%	$200K	$999K	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	0.4571	−0.143%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4570	−0.168%	$86.4M	$297.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4570	−0.168%	$65.4M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4570	−0.168%	$34.2M	$141.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4570	−0.168%	$7.4M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4570	−0.168%	$48.9M	$52.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4570	−0.168%	$30.1M	$25.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4569	−0.190%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4572	−0.129%	$129K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4580	+0.059%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4578	+0.008%	$615K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	+0.050%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4573	−0.098%	$41K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4575	−0.059%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4573	−0.103%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	−0.234%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4574	−0.081%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4569	−0.188%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4575	−0.052%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4577	−0.009%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4570	−0.159%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4577	−0.026%	$907K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4568	−0.212%	$4.9M	$812K	75x	as long as short
01 Exchange WLDUSDlong	+0.0248%	1h	0.4578	long leg	$328	$77	5x
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4574	−0.085%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4577	−0.015%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0723%	1h	0.4576	−0.031%	$49.7M	$43.2M	10x	as long as short
Lighter WLD	+0.0984%	1h	0.4581	+0.066%	$5.2M	$2.1M	10x	as long as short