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% APRpaid last 24h +0.025%

Price spread now: edgeX against Bybit−0.396%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$360.365% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 4 days (all we have)+0.545%+$55 · spread now −0.396%, 7d avg +0.001%

Together, before fees+0.650%+ Points / potential airdropedgeX: Active · farm board+$65 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: edgeX is 0.396% cheaper against Bybit than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLDUSDT	0.4488	0.0100	pay 0.0100% / 8h	2h 22m	$63.9M	$91.6M	50x
Short	edgeX WLDUSDC	0.4470	0.0100	get 0.0050% / 4h	2h 22m	$27K	$319K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.396%Rate

Funding earned: $0
Price spread: −0.396% → +0.001%: −$39.64
Slippage, 4 orders: −$16.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$76.12
Costs to cover: 0.365%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; edgeX: live order book, 25 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, 1 min ago	1.12 bp	10.1 bp −$10	19.0 bp −$190	131.2 bp −$13.1K	doesn't fit
Sell edgeX live order book, 25 min ago	4.43 bp	8.9 bp −$9	18.3 bp −$183	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
Nado WLD-PERP	−0.0054%	1h	0.4481	−0.145%	$241K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4487	−0.031%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4484	−0.089%	$69K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4485	−0.067%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4483	−0.114%	$65K	—	150x	as long as short
Polymarket Perps WLD-USD	+0.0038%	1h	0.4479	−0.196%	$41K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0040%	1h	0.4481	−0.149%	$321	$55	5x	as long as short
KuCoin WLDUSDTM	+0.0047%	8h	0.4488	0.000%	$6.7M	$11.9M	50x	as long as short
Lighter WLD	+0.0096%	1h	0.4490	+0.038%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4482	−0.134%	$28K	$798K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4490	+0.048%	$224K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4486	−0.044%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4490	+0.040%	$85.5M	$338.1M	75x	as long as short
Bybit WLDUSDTlong	+0.0100%	8h	0.4488	long leg	$63.9M	$91.6M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4489	+0.022%	$33.9M	$152.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4486	−0.045%	$7.3M	$37.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4490	+0.045%	$38.9M	$55.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4489	+0.022%	$29.5M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4489	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4488	+0.002%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4475	−0.295%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDCshort	+0.0100%	4h	0.4470	−0.396%	$27K	$319K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4485	−0.071%	$592K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4473	−0.334%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4486	−0.045%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4484	−0.089%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4481	−0.156%	$820K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4486	−0.045%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4488	+0.006%	$219K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4484	−0.082%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4480	−0.183%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4480	−0.180%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.557%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4482	−0.139%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4488	0.000%	$4.8M	$920K	75x	as long as short
Hyperliquid WLD	+0.0253%	1h	0.4491	+0.056%	$48.5M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0505%	1h	0.4486	−0.052%	$853K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4497	+0.201%	$273K	$1.6M	50x	as long as short