Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.053%

Price spread now: Deribit against BloFin+0.220%57s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as 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−$340.339% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.330%−$33 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.220%, 7d avg +0.024%

Together, before fees−0.503%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.196% dearer against BloFin than usual: you sell high and buy low (spread +0.220% now, against its 7-day average of +0.024%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days. At the pace of the last 7 days (−0.330% in total) that is about 4.2 days. The two prices were read 57 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	BloFin WLD-USDT	0.4539	0.0220	pay 0.0220% / 8h	41m 26s	$4.8M	$908K	75x
Short	Deribit WLD_USDC-PERPETUAL	0.4549	0.0190	get 0.0024% / 1h	41m 26s	$141K	$979K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now +0.220%Rate

Funding earned: −$6.33
Price spread: +0.220% → +0.024%: $19.6
Slippage, 4 orders: −$14.85
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$20.58
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Deribit: live order book, 52 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 BloFin live order book, 2 min ago	1.10 bp	10.9 bp −$11	17.0 bp −$170	44.1 bp −$4,410	128.3 bp −$64.1K
Sell Deribit live order book, 52 min ago	4.43 bp	7.9 bp −$8	15.8 bp −$158	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
Injective WLD/USDC PERP	−0.0309%	1h	0.4524	−0.330%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0053%	1h	0.4545	+0.121%	$237K	$167K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4545	+0.134%	$155K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4539	0.000%	$44K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4547	+0.173%	$66K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4543	+0.088%	$27K	$714K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4544	+0.100%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4546	+0.157%	$49K	$532K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4544	+0.110%	$87.2M	$333.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4542	+0.066%	$64.6M	$89.2M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4542	+0.066%	$34.4M	$152.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4542	+0.066%	$7.2M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4543	+0.088%	$41.6M	$56.2M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4542	+0.066%	$6.7M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4544	+0.110%	$30.1M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4544	+0.110%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4548	+0.196%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4547	+0.168%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4541	+0.042%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4546	+0.156%	$607K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4541	+0.044%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4544	+0.108%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4554	+0.330%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4548	+0.198%	$217	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4533	−0.132%	$829K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4546	+0.154%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4544	+0.117%	$213K	$910K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4550	+0.236%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4545	+0.137%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4551	+0.275%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4553	+0.308%	$5K	$43K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	+0.0190%	1h	0.4549	+0.220%	$141K	$979K	25x
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4548	+0.189%	$4K	—	100x	as long as short
BloFin WLD-USDTlong	+0.0220%	8h	0.4539	long leg	$4.8M	$908K	75x
01 Exchange WLDUSD	+0.0232%	1h	0.4547	+0.176%	$325	$55	5x	as long as short
Hyperliquid WLD	+0.0434%	1h	0.4550	+0.247%	$50.5M	$43.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4551	+0.264%	$274K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0454%	1h	0.4550	+0.248%	$872K	$2.8M	50x	as long as short