Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.035%

Price spread now: Deribit against Bitget−0.044%7-day average +0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.152%−$15 on $10k

Price spread, last 3 days (all we have)+0.323%+$32 · spread now −0.044%, 7d avg +0.086%

Together, before fees+0.171%+$17 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 0.130% cheaper against Bitget than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.086%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WLDUSDT	0.4581	0.0100	pay 0.0100% / 8h	33m 40s	$30.3M	$25.8M	75x
Short	Deribit WLD_USDC-PERPETUAL	0.4579	0	get 0.0000% / 1h	33m 40s	$111K	$883K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$21
Price spread: −0.044% → +0.086%: −$12.96
Slippage, 4 orders: −$18.19
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$71.15
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Deribit: live order book, 45 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 Bitget live order book, 5 min ago	1.09 bp	11.8 bp −$12	24.7 bp −$247	89.0 bp −$8,897	doesn't fit
Sell Deribit live order book, 45 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	−0.0214%	8h	0.4580	−0.022%	$63K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4576	−0.099%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4579	−0.044%	$111K	$883K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4580	−0.025%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0017%	8h	0.4573	−0.175%	$6.9M	$10.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0026%	8h	0.4578	−0.065%	$28K	$909K	10x	as long as short
Nado WLD-PERP	+0.0059%	1h	0.4580	−0.022%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4576	−0.101%	$189K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4577	−0.090%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4575	−0.131%	$86.4M	$301.4M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4576	−0.109%	$65.5M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4577	−0.087%	$34.1M	$142.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4575	−0.131%	$7.4M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4577	−0.087%	$45.5M	$52.8M	300x	as long as short
Bitget WLDUSDTlong	+0.0100%	8h	0.4581	long leg	$30.3M	$25.8M	75x
BingX WLD-USDT	+0.0100%	8h	0.4582	+0.022%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4580	−0.017%	$129K	$272K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	−0.044%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4583	+0.043%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4584	+0.059%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	+0.044%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4580	−0.020%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4586	+0.109%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4578	−0.065%	$213	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4575	−0.131%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4579	−0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4581	+0.004%	$234K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4580	−0.025%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4590	+0.196%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4577	−0.087%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4577	−0.087%	$4.9M	$823K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4579	−0.047%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0280%	1h	0.4585	+0.079%	$328	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.240%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4585	+0.087%	$271K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0531%	1h	0.4581	0.000%	$49.7M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0718%	1h	0.4581	+0.009%	$905K	$2.7M	50x	as long as short
Lighter WLD	+0.1488%	1h	0.4587	+0.127%	$5.2M	$2.0M	10x	as long as short