Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.015%

Price spread now: Deribit against Bybit+0.065%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 3 days (all we have)+0.245%+$24 · spread now +0.065%, 7d avg +0.065%

Together, before fees+0.174%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.065%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLDUSDT	0.4598	0.0100	pay 0.0100% / 8h	1h 42m	$65.7M	$80.8M	50x
Short	Deribit WLD_USDC-PERPETUAL	0.4601	0	get 0.0000% / 1h	42m 17s	$107K	$906K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$21
Price spread: +0.065% → +0.065%: −$0.03
Slippage, 4 orders: −$13.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$52.71
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Deribit: live order book, 42 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, 2 min ago	1.09 bp	7.3 bp −$7	14.2 bp −$142	95.5 bp −$9,555	doesn't fit
Sell Deribit live order book, 42 min ago	2.19 bp	9.4 bp −$9	doesn't fit	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	−0.0410%	8h	0.4594	−0.087%	$47K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4522	−1.653%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0006%	8h	0.4599	+0.022%	$28K	$914K	10x	as long as short
KuCoin WLDUSDTM	−0.0002%	8h	0.4598	0.000%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4596	−0.044%	$157K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4601	+0.065%	$107K	$906K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4600	+0.049%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0051%	8h	0.4581	−0.368%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0070%	1h	0.4595	−0.071%	$277K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4597	−0.031%	$216K	$974K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4597	−0.025%	$52K	$480K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4599	+0.025%	$86.9M	$294.5M	75x	as long as short
Bybit WLDUSDTlong	+0.0100%	8h	0.4598	long leg	$65.7M	$80.8M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4598	0.000%	$34.5M	$140.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4601	+0.065%	$7.5M	$34.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4601	+0.065%	$49.2M	$51.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4598	0.000%	$30.3M	$25.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4599	+0.022%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4597	−0.017%	$128K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4593	−0.116%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4594	−0.087%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4597	−0.022%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4601	+0.061%	$47K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4605	+0.152%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4600	+0.043%	$202	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4596	−0.043%	$867K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4594	−0.087%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4597	−0.018%	$241K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4600	+0.039%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4577	−0.461%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4599	+0.014%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0185%	1h	0.4605	+0.163%	$924K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4599	+0.022%	$4.8M	$820K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4600	+0.052%	$329	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4601	+0.063%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4605	+0.152%	$275K	$1.6M	50x	as long as short
Lighter WLD	+0.0904%	1h	0.4607	+0.200%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.1177%	1h	0.4602	+0.094%	$50.2M	$43.1M	10x	as long as short