Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.025%

Price spread now: Pacifica against Bybit+0.200%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Bybit Short on Pacifica

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)−0.156%−$16 · spread now +0.200%, 7d avg +0.050%

Together, before fees−0.051%+ Points / potential airdropPacifica: Active · farm board−$5 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: Pacifica is 0.150% dearer against Bybit than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLDUSDT	0.4492	0.0100	pay 0.0100% / 8h	2h 42m	$63.9M	$91.8M	50x
Short	Pacifica WLD	0.4501	0.0100	get 0.0013% / 1h	42m 28s	$50K	$541K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.200%Rate

Funding earned: $0
Price spread: +0.200% → +0.050%: $15.03
Slippage, 4 orders: −$23.69
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$27.66
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Pacifica: live order book, 6 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	1.11 bp	10.4 bp −$10	18.7 bp −$187	132.4 bp −$13.2K	doesn't fit
Sell Pacifica live order book, 6 min ago	3.32 bp	12.6 bp −$13	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
Nado WLD-PERP	−0.0051%	1h	0.4493	+0.022%	$241K	$208K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4504	+0.275%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4494	+0.045%	$73K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4494	+0.045%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4496	+0.091%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0046%	8h	0.4503	+0.245%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0049%	1h	0.4493	+0.013%	$37K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4496	+0.078%	$322	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4494	+0.045%	$28K	$841K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4498	+0.142%	$225K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLDshort	+0.0100%	1h	0.4501	+0.200%	$50K	$541K	5x
Binance WLDUSDT	+0.0100%	8h	0.4496	+0.090%	$85.3M	$337.7M	75x	as long as short
Bybit WLDUSDTlong	+0.0100%	8h	0.4492	long leg	$63.9M	$91.8M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4493	+0.022%	$34.0M	$152.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4500	+0.178%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4499	+0.156%	$38.6M	$55.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4493	+0.022%	$29.6M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4498	+0.134%	—	$68.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4499	+0.145%	$134K	$307K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4501	+0.194%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4507	+0.333%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4505	+0.286%	$602K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4506	+0.312%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4505	+0.289%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4495	+0.067%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4492	0.000%	$822K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4496	+0.089%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4496	+0.086%	$220K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4496	+0.082%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4492	+0.009%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4506	+0.301%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0152%	1h	0.4506	+0.323%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	+0.601%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4495	+0.059%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4498	+0.134%	$3.8M	$925K	75x	as long as short
Hyperliquid WLD	+0.0309%	1h	0.4512	+0.454%	$49.0M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0504%	1h	0.4499	+0.150%	$858K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4497	+0.111%	$275K	$1.7M	50x	as long as short