Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: GRVT against Binance+0.490%109s7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.393% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 7 days−0.481%−$48 · spread now +0.490%, 7d avg +0.010%

Together, before fees−0.372%+ Points / potential airdropGRVT: Active · farm board−$37 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: GRVT is 0.481% dearer against Binance than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of +0.010%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLDUSDT	0.4483	0.0100	pay 0.0100% / 8h	2h 39m	$85.3M	$338.3M	75x
Short	GRVT WLD_USDT_Perp	0.4505	0.0100	get 0.0100% / 8h	2h 39m	$602K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.490%Rate

Funding earned: $0
Price spread: +0.490% → +0.010%: $48.08
Slippage, 4 orders: −$20.33
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $8.74
Costs to cover: 0.393%
Break-even: from the start

Slippage from Binance: live order book, 4 min ago; GRVT: live order book, 4 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, 4 min ago	1.11 bp	7.8 bp −$8	12.2 bp −$122	53.1 bp −$5,305	233.6 bp −$116.8K
Sell GRVT live order book, 4 min ago	2.22 bp	12.6 bp −$13	23.1 bp −$231	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
Nado WLD-PERP	−0.0048%	1h	0.4481	−0.031%	$241K	$208K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4482	−0.024%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4478	−0.109%	$78K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4488	+0.114%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4485	+0.047%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0045%	8h	0.4478	−0.109%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0051%	1h	0.4479	−0.080%	$44K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4483	−0.002%	$321	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4486	+0.070%	$28K	$831K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4484	+0.017%	$224K	$1.1M	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	0.4484	+0.019%	$50K	$541K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4483	long leg	$85.3M	$338.3M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4479	−0.086%	$63.7M	$91.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4482	−0.020%	$33.8M	$152.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4481	−0.042%	$7.2M	$36.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4482	−0.020%	$38.3M	$55.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4481	−0.042%	$29.5M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4482	−0.020%	—	$68.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4486	+0.081%	$133K	$307K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4488	+0.109%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4497	+0.319%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perpshort	+0.0100%	8h	0.4505	+0.490%	$602K	$2.0M	10x
ApeX Omni WLDUSDT	+0.0100%	1h	0.4498	+0.337%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4492	+0.204%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4484	+0.025%	$209	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4483	+0.003%	$821K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4484	+0.025%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4478	−0.112%	$219K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4487	+0.092%	$30K	$600	3x	as long as short
Lighter WLD	+0.0128%	1h	0.4487	+0.090%	$4.9M	$2.9M	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4479	−0.079%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4506	+0.505%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	+0.806%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4482	−0.020%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4488	+0.114%	$3.8M	$923K	75x	as long as short
Hyperliquid WLD	+0.0304%	1h	0.4485	+0.054%	$48.7M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0505%	1h	0.4487	+0.093%	$856K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4487	+0.092%	$274K	$1.7M	50x	as long as short