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 +0.011%

Price spread now: Binance against Bybit+0.043%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.043%, 7d avg +0.022%

Together, before fees−0.034%−$3 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: Binance is 0.022% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLDUSDT	0.4615	0.0100	pay 0.0100% / 8h	4h 29m	$65.7M	$89.0M	50x
Short	Binance WLDUSDT	0.4617	0.0100	get 0.0100% / 8h	4h 29m	$87.6M	$328.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.022%: $2.17
Slippage, 4 orders: −$18.66
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.49
Costs to cover: 0.397%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 14 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 Bybit live order book, 5 min ago	1.10 bp	9.7 bp −$10	20.2 bp −$202	124.2 bp −$12.4K	doesn't fit
Sell Binance live order book, 14 min ago	1.10 bp	9.7 bp −$10	17.9 bp −$179	50.3 bp −$5,033	176.8 bp −$88.4K

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	−0.0103%	8h	0.4603	−0.260%	$39K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0047%	1h	0.4616	+0.033%	$245K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0017%	8h	0.4618	+0.065%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4617	+0.035%	$157K	$33K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4616	+0.018%	$67K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4544	−1.538%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0091%	8h	0.4616	+0.022%	$28K	$886K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4620	+0.117%	$5.0M	$2.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4605	−0.209%	$211K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4618	+0.058%	$49K	$527K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDTshort	+0.0100%	8h	0.4617	+0.043%	$87.6M	$328.2M	75x
Bybit WLDUSDTlong	+0.0100%	8h	0.4615	long leg	$65.7M	$89.0M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4615	0.000%	$34.6M	$151.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4618	+0.065%	$7.2M	$36.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4618	+0.065%	$44.1M	$54.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4620	+0.108%	$30.5M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4615	0.000%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4617	+0.050%	$137K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4589	−0.570%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4588	−0.587%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4600	−0.336%	$606K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4566	−1.062%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4617	+0.039%	$46K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4612	−0.065%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4605	−0.217%	$177	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4605	−0.217%	$842K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4611	−0.087%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4614	−0.026%	$221K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4608	−0.161%	$31K	$600	3x	as long as short
01 Exchange WLDUSD	+0.0120%	1h	0.4618	+0.067%	$330	$80	5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4619	+0.081%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4605	−0.223%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4589	−0.563%	$4.9M	$833K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4615	0.000%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0305%	1h	0.4624	+0.197%	$50.8M	$43.3M	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0402%	1h	0.4607	−0.173%	$119K	$927K	25x	as long as short
Kraken Futures PF_WLDUSD	+0.0476%	1h	0.4610	−0.116%	$892K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4613	−0.043%	$270K	$1.7M	50x	as long as short