Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.004%

Price spread now: gTrade (Gains Network) against Bybit−0.157%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.157% cheaper against Bybit than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLDUSDT	0.4524	0.0100	pay 0.0100% / 8h	2h 57m	$64.2M	$91.6M	50x
Short	gTrade (Gains Network) WLD/USD	0.4517	L +0.0003% / S −0.0003%	get 0.0000% / 1h	57m 15s	$65K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.157%Rate

Funding earned: −$20.42
Price spread: −0.157% → 0.000%: −$15.67
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$57.09
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	1.11 bp	8.2 bp −$8	9.4 bp −$94	81.7 bp −$8,169	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0077%	1h	0.4512	−0.254%	$239K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4506	−0.404%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4515	−0.199%	$72K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USDshort	L +0.0003% / S −0.0003%	1h	0.4517	−0.157%	$65K	—	150x
01 Exchange WLDUSD	+0.0024%	1h	0.4512	−0.256%	$323	$55	5x	as long as short
KuCoin WLDUSDTM	+0.0038%	8h	0.4523	−0.022%	$6.8M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4519	−0.111%	$28K	$861K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4515	−0.193%	$225K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4506	−0.408%	$46K	$533K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4523	−0.030%	$85.9M	$335.8M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDTlong	+0.0100%	8h	0.4524	long leg	$64.2M	$91.6M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4525	+0.022%	$34.1M	$153.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4517	−0.155%	$7.2M	$36.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4523	−0.022%	$39.1M	$55.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4521	−0.066%	$29.8M	$30.7M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4519	−0.111%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4489	−0.765%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4481	−0.957%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4480	−0.980%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4488	−0.787%	$595K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4494	−0.663%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4513	−0.245%	$55K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4509	−0.332%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4520	−0.088%	$208	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4518	−0.133%	$825K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4524	0.000%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4517	−0.160%	$220K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4519	−0.113%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4517	−0.165%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4490	−0.758%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4538	+0.309%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0193%	1h	0.4521	−0.066%	$131K	$1.0M	25x	as long as short
Lighter WLD	+0.0208%	1h	0.4525	+0.027%	$4.9M	$2.9M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4517	−0.148%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4521	−0.066%	$4.8M	$928K	75x	as long as short
Hyperliquid WLD	+0.0312%	1h	0.4519	−0.111%	$49.0M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0501%	1h	0.4522	−0.047%	$866K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4525	+0.022%	$266K	$1.7M	50x	as long as short