Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.024%

Price spread now: Deribit against Binance+0.008%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 3 days (all we have)+0.305%+$31 · spread now +0.008%, 7d avg +0.042%

Together, before fees+0.242%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.034% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLDUSDT	0.4572	0.0100	pay 0.0100% / 8h	1h 11m	$86.4M	$297.0M	75x
Short	Deribit WLD_USDC-PERPETUAL	0.4572	0	get 0.0000% / 1h	11m 29s	$108K	$900K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$21
Price spread: +0.008% → +0.042%: −$3.4
Slippage, 4 orders: −$13.6
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$55
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Deribit: live order book, 7 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 Binance live order book, 2 min ago	1.10 bp	7.7 bp −$8	14.2 bp −$142	54.3 bp −$5,427	217.6 bp −$108.8K
Sell Deribit live order book, 7 min ago	4.37 bp	7.9 bp −$8	13.9 bp −$139	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
Kalshi KXWLDPERP	−0.0299%	8h	0.4569	−0.058%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	+0.139%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4572	+0.016%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4572	+0.008%	$108K	$900K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4571	−0.011%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0006%	8h	0.4569	−0.058%	$28K	$912K	10x	as long as short
KuCoin WLDUSDTM	+0.0008%	8h	0.4569	−0.058%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0048%	1h	0.4572	−0.003%	$275K	$169K	5x	as long as short
Variational Omni WLD	+0.0094%	8h	0.4568	−0.081%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4573	+0.030%	$194K	$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	0.4573	+0.030%	$53K	$481K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4572	long leg	$86.4M	$297.0M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4572	+0.008%	$65.4M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4573	+0.030%	$34.2M	$141.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4572	+0.008%	$7.4M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4573	+0.030%	$49.1M	$52.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4572	+0.008%	$30.2M	$25.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4571	−0.014%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4572	+0.001%	$129K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4566	−0.127%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4572	+0.008%	$614K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4565	−0.145%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4575	+0.065%	$41K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4575	+0.074%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4570	−0.036%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4564	−0.167%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4569	−0.058%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4571	−0.023%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4572	+0.019%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4576	+0.102%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4572	+0.005%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4573	+0.028%	$911K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4564	−0.167%	$4.9M	$811K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4574	+0.058%	$327	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4570	−0.029%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4577	+0.117%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0694%	1h	0.4579	+0.155%	$49.7M	$43.2M	10x	as long as short
Lighter WLD	+0.1000%	1h	0.4583	+0.246%	$5.2M	$2.1M	10x	as long as short