Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Polymarket Perps against BingX+0.285%51s7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as 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−$450.451% of the position

Long on BingX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.285%, 7d avg 0.000%

Together, before fees−0.086%−$9 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: Polymarket Perps is 0.285% dearer against BingX than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 51 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	BingX WLD-USDC	0.4590	0.0100	pay 0.0100% / 8h	2h 52m	—	$1.3M	—
Short	Polymarket Perps WLD-USD	0.4603	0.0100	get 0.0013% / 1h	52m 36s	$56K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.285%Rate

Funding earned: $0
Price spread: +0.285% → 0.000%: $28.55
Slippage, 4 orders: −$27.08
Fee BingX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$16.53
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Polymarket Perps: 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, 8 min ago	2.15 bp	16.9 bp −$17	42.6 bp −$426	409.2 bp −$40.9K	664.0 bp −$332.0K
Sell Polymarket Perps live order book, 1 min ago	2.72 bp	8.5 bp −$8	11.3 bp −$113	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	−0.0406%	8h	0.4601	+0.240%	$31K	$3.7M	1.7x	as long as short
Variational Omni WLD	−0.0069%	8h	0.4630	+0.882%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0029%	8h	0.4594	+0.087%	$28K	$921K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4592	+0.044%	$157K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4595	+0.109%	$154K	$785K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4599	+0.188%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0014%	8h	0.4587	−0.065%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0038%	8h	0.4582	−0.174%	$34.6M	$137.4M	50x	as long as short
Phoenix WLD	+0.0052%	1h	0.4597	+0.161%	$5K	$52K	10x	as long as short
Bybit WLDUSDT	+0.0064%	8h	0.4584	−0.131%	$67.3M	$78.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLD-PERP	+0.0077%	1h	0.4586	−0.087%	$274K	$168K	5x	as long as short
MEXC WLD_USDT	+0.0087%	8h	0.4590	0.000%	$53.8M	$46.4M	300x	as long as short
Binance WLDUSDT	+0.0088%	8h	0.4588	−0.046%	$87.6M	$288.7M	75x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4593	+0.073%	$210K	$977K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4591	+0.024%	$55K	$475K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4588	−0.044%	$7.5M	$34.0M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4586	−0.087%	$30.3M	$24.9M	75x	as long as short
BingX WLD-USDClong	+0.0100%	8h	0.4590	long leg	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4596	+0.135%	$130K	$281K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4620	+0.644%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4607	+0.370%	$624K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4632	+0.915%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USDshort	+0.0100%	1h	0.4603	+0.285%	$56K	$1.7M	10x
SunX WLD-USDT	+0.0100%	8h	0.4599	+0.196%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4594	+0.087%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4596	+0.131%	$865K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4594	+0.087%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4588	−0.041%	$134K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4596	+0.131%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4600	+0.209%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0208%	8h	0.4593	+0.065%	$5.0M	$881K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0223% / S −0.1831%	1h	0.4597	+0.156%	$9K	—	100x	as long as short
Hyperliquid WLD	+0.0367%	1h	0.4597	+0.155%	$47.7M	$40.4M	10x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+0.697%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4605	+0.327%	$277K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0896%	1h	0.4592	+0.048%	$329	$77	5x	as long as short
Lighter WLD	+0.1024%	1h	0.4600	+0.227%	$5.1M	$1.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1085%	1h	0.4597	+0.152%	$922K	$2.5M	50x	as long as short