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 −0.020%

Price spread now: Bybit against BingX−0.065%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.065%, 7d avg −0.009%

Together, before fees−0.018%−$2 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: Bybit is 0.055% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLD-USDC	0.4636	0.0100	pay 0.0100% / 8h	5h 17m	—	$1.3M	—
Short	Bybit WLDUSDT	0.4633	0.0100	get 0.0100% / 8h	5h 17m	$66.3M	$88.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.009%: −$5.53
Slippage, 4 orders: −$33.9
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$60.43
Costs to cover: 0.549%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Bybit: live order book, 1 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 BingX live order book, 3 min ago	2.15 bp	15.8 bp −$16	60.8 bp −$608	469.3 bp −$46.9K	778.0 bp −$389.0K
Sell Bybit live order book, 1 min ago	1.08 bp	11.8 bp −$12	23.4 bp −$234	105.2 bp −$10.5K	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	−0.0124%	8h	0.4650	+0.302%	$57K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0026%	8h	0.4633	−0.065%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4649	+0.271%	$166K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4630	−0.129%	$120K	$919K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4631	−0.113%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0012%	1h	0.4647	+0.232%	$269K	$187K	5x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4648	+0.252%	$333	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0076%	8h	0.4630	−0.129%	$28K	$891K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4636	−0.003%	$174K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4649	+0.278%	$49K	$511K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4635	−0.032%	$88.0M	$326.4M	75x	as long as short
Bybit WLDUSDTshort	+0.0100%	8h	0.4633	−0.065%	$66.3M	$88.3M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4634	−0.043%	$35.0M	$149.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4638	+0.043%	$7.3M	$37.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4637	+0.022%	$45.7M	$54.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4633	−0.065%	$30.8M	$29.7M	75x	as long as short
BingX WLD-USDClong	+0.0100%	8h	0.4636	long leg	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4635	−0.022%	$134K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4658	+0.467%	$2.2M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4660	+0.510%	$28K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4667	+0.679%	$622K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4663	+0.582%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4646	+0.205%	$55K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4650	+0.302%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4631	−0.108%	$176	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4644	+0.173%	$849K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4634	−0.043%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4635	−0.015%	$214K	$929K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4631	−0.101%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4644	+0.166%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4661	+0.528%	$5K	$57K	10x	as long as short
Lighter WLD	+0.0176%	1h	0.4642	+0.121%	$5.0M	$2.3M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4656	+0.431%	$5.0M	$808K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4628	−0.173%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0471%	1h	0.4642	+0.138%	$51.7M	$42.7M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4635	−0.022%	$273K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4616	−0.431%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0893%	1h	0.4635	−0.030%	$897K	$2.9M	50x	as long as short