Funding you earn now, next payment 00:00 UTC−0.0440%/8h= −48.2% APRnext payment −$4.40 per $10,000 · paid last 24h −0.044%
Price spread now: Kalshi against Bybit+0.197%7-day average −0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$470.474% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now +0.197%, 7d avg −0.101%
=The price spread pays, funding is against you. Kalshi is 0.298% dearer against Bybit than usual: you sell high and buy low (spread +0.197% now, against its 7-day average of −0.101%): +$30 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.200% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.200% in total (about -10.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WLDUSDT | 0.4577 | 0.0100 | pay 0.0100% / 8h | 1h 27m | $65.5M | $81.9M | 50x |
| Short | Kalshi KXWLDPERP | 0.4586 | −0.0340 | pay 0.0340% / 8h | 5h 27m | $61K | $3.8M | 1.7x |
Bybit WLDUSDT
Kalshi KXWLDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$92.4
- Price spread: +0.197% → −0.101%
- $29.81
- Slippage, 4 orders
- −$26.41
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$110
- Costs to cover
- 0.474%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Kalshi: live order book, 1 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 | 1.09 bp | 7.6 bp −$8 | 15.5 bp −$155 | 95.6 bp −$9,564 | doesn't fit |
| Sell Kalshi live order book, 1 min ago | 8.74 bp | 15.9 bp −$16 | 22.5 bp −$225 | 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 KXWLDPERPshort | −0.0340% | 8h | 0.4586 | +0.197% | $61K | $3.8M | 1.7x | |
| Injective WLD/USDC PERP | −0.0079% | 1h | 0.4623 | +1.005% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | −0.0002% | 8h | 0.4579 | +0.044% | $28K | $913K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4585 | +0.184% | $164K | $13K | 10x | as long as short |
| KuCoin WLDUSDTM | 0.0000% | 8h | 0.4571 | −0.131% | $7.0M | $10.8M | 50x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4581 | +0.087% | $108K | $900K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4583 | +0.135% | $57K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0056% | 1h | 0.4588 | +0.240% | $276K | $169K | 5x | as long as short |
| Variational Omni WLD | +0.0063% | 8h | 0.4562 | −0.329% | $2.1M | $1.6M | — | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4572 | −0.109% | $202K | $986K | 50x | as long as short |
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
dYdX WLD-USD
KuCoin WLDUSDTM
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Variational Omni WLD
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4586 | +0.191% | $53K | $481K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4576 | −0.026% | $86.5M | $297.4M | 75x | as long as short |
| Bybit WLDUSDTlong | +0.0100% | 8h | 0.4577 | long leg | $65.5M | $81.9M | 50x | |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4576 | −0.022% | $34.2M | $141.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4576 | −0.022% | $7.4M | $35.3M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4570 | −0.153% | $48.7M | $51.8M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4575 | −0.044% | $30.2M | $25.5M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4576 | −0.022% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4578 | +0.022% | $127K | $269K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4577 | +0.002% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4563 | −0.312% | $613K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4574 | −0.066% | $55K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4590 | +0.286% | $47K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4584 | +0.153% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4578 | +0.022% | $204 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4577 | 0.000% | $866K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4578 | +0.022% | $1.8M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4571 | −0.139% | $239K | $855K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4579 | +0.043% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0124% | 1h | 0.4562 | −0.326% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4583 | +0.141% | — | — | 20x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0186% | 1h | 0.4581 | +0.092% | $908K | $2.6M | 50x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4571 | −0.131% | $4.9M | $812K | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0248% | 1h | 0.4592 | +0.328% | $329 | $77 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0260% / S −0.2221% | 1h | 0.4582 | +0.105% | $9K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0424% | 1h | 0.4586 | +0.197% | $270K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0855% | 1h | 0.4579 | +0.044% | $49.8M | $43.2M | 10x | as long as short |
| Lighter WLD | +0.0984% | 1h | 0.4587 | +0.216% | $5.2M | $2.1M | 10x | as long as short |
Pacifica WLD
Binance WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Phoenix WLD
Reya WLDRUSDPERP
Kraken Futures PF_WLDUSD
BloFin WLD-USDT
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD