Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h +0.054%

Price spread now: Injective against Bybit−0.572%108s7-day average +0.214% · you buy dearer than you sell

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

Long on Bybit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 3 days (all we have)+0.906%+$91 · spread now −0.572%, 7d avg +0.214%

Together, before fees+0.952%+$95 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Injective is 0.786% cheaper against Bybit than usual: you would sell low and buy high (−$79 if the spread goes back to its 7-day average of +0.214%). Swap the legs. The two prices were read 108 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	Bybit WLDUSDT	0.4548	0.0100	pay 0.0100% / 8h	1h 53m	$64.8M	$80.5M	50x
Short	Injective WLD/USDC PERP	0.4522	−0.0079	pay 0.0010% / 1h	53m 25s	$6K	$185K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.572%Rate

Funding earned: −$37.53
Price spread: −0.572% → +0.214%: −$78.6
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$127.15
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 6 min ago; Injective: live order book, 61 min ago. 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, 6 min ago	1.11 bp	8.8 bp −$9	16.6 bp −$166	105.7 bp −$10.6K	doesn't fit
Sell Injective live order book, 61 min ago	49.15 bp	doesn't fit	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	−0.0456%	8h	0.4553	+0.110%	$45K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERPshort	−0.0079%	1h	0.4522	−0.572%	$6K	$185K	5.5x
Orderly PERP_WLD_USDC	−0.0012%	8h	0.4552	+0.088%	$28K	$915K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4551	+0.056%	$155K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4552	+0.088%	$121K	$916K	25x	as long as short
KuCoin WLDUSDTM	+0.0003%	8h	0.4549	+0.022%	$7.0M	$10.7M	50x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4552	+0.094%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0035%	8h	0.4542	−0.129%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0073%	1h	0.4550	+0.044%	$273K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4552	+0.088%	$213K	$973K	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	0.4552	+0.088%	$51K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4550	+0.046%	$85.5M	$293.6M	75x	as long as short
Bybit WLDUSDTlong	+0.0100%	8h	0.4548	long leg	$64.8M	$80.5M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4549	+0.022%	$34.0M	$139.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4551	+0.066%	$7.4M	$34.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4551	+0.066%	$59.3M	$49.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4550	+0.044%	$30.2M	$25.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4550	+0.044%	—	$68.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4552	+0.081%	$129K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4555	+0.148%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4557	+0.198%	$611K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4558	+0.220%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4551	+0.055%	$48K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4556	+0.176%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4551	+0.066%	$198	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	+0.220%	$860K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4552	+0.088%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4548	−0.005%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4553	+0.104%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4556	+0.182%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4549	+0.015%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0187%	1h	0.4557	+0.203%	$925K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4557	+0.198%	$4.8M	$817K	75x	as long as short
01 Exchange WLDUSD	+0.0240%	1h	0.4555	+0.143%	$326	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0251% / S −0.2121%	1h	0.4551	+0.070%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4531	−0.374%	$277K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0895%	1h	0.4559	+0.244%	$48.4M	$42.1M	10x	as long as short
Lighter WLD	+0.0896%	1h	0.4561	+0.288%	$5.2M	$2.0M	10x	as long as short