Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0095%/8h= +10.3% APRpaid last 24h +0.024%

Price spread now: Binance against Deribit−0.088%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 3 days (all we have)−0.359%−$36 · spread now −0.088%, 7d avg −0.040%

Together, before fees−0.295%−$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.047% cheaper against Deribit than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.040%). If the spread goes back, that is −$5 on $10k: about 40 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.064% in total) that is about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4562	0	get 0.0000% / 1h	47m 04s	$153K	$768K	25x
Short	Binance WLDUSDT	0.4558	0.0095	get 0.0095% / 8h	2h 47m	$86.2M	$290.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now −0.088%Rate

Funding earned: $19.85
Price spread: −0.088% → −0.040%: −$4.74
Slippage, 4 orders: −$13.87
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$15.76
Costs to cover: 0.309%
Break-even: 12.6 days

Slippage from Deribit: live order book, 41 min ago; Binance: live order book, 11 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 Deribit live order book, 41 min ago	3.27 bp	8.8 bp −$9	15.8 bp −$158	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.08 bp	7.3 bp −$7	16.2 bp −$162	52.2 bp −$5,220	184.4 bp −$92.2K

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	−0.0508%	8h	0.4568	+0.132%	$33K	$3.8M	1.7x	as long as short
Variational Omni WLD	−0.0055%	8h	0.4588	+0.559%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0028%	8h	0.4560	−0.044%	$28K	$918K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4562	+0.011%	$156K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4562	long leg	$153K	$768K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4561	−0.022%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0016%	8h	0.4557	−0.110%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0046%	8h	0.4558	−0.088%	$34.4M	$136.9M	50x	as long as short
Phoenix WLD	+0.0052%	1h	0.4585	+0.513%	$5K	$52K	10x	as long as short
Nado WLD-PERP	+0.0054%	1h	0.4556	−0.142%	$272K	$168K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0078%	8h	0.4560	−0.044%	$67.0M	$78.4M	50x	as long as short
ApeX Omni WLDUSDT	+0.0084%	1h	0.4590	+0.614%	$55K	$227K	50x	as long as short
MEXC WLD_USDT	+0.0094%	8h	0.4559	−0.066%	$53.1M	$46.7M	300x	as long as short
Binance WLDUSDTshort	+0.0095%	8h	0.4558	−0.088%	$86.2M	$290.1M	75x
Aster WLDUSDT	+0.0100%	8h	0.4561	−0.025%	$209K	$977K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4564	+0.044%	$53K	$473K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4559	−0.066%	$7.4M	$34.1M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4558	−0.088%	$30.1M	$25.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4559	−0.066%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4560	−0.048%	$128K	$278K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4558	−0.087%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4566	+0.090%	$618K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4558	−0.090%	$55K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4563	+0.022%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4558	−0.088%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	−0.088%	$858K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4558	−0.088%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4558	−0.085%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4560	−0.041%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4559	−0.063%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0215%	8h	0.4558	−0.088%	$5.0M	$834K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4560	−0.046%	$12K	—	100x	as long as short
Hyperliquid WLD	+0.0240%	1h	0.4563	+0.013%	$47.3M	$40.5M	10x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.315%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4574	+0.263%	$275K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0648%	1h	0.4565	+0.055%	$327	$77	5x	as long as short
Lighter WLD	+0.1088%	1h	0.4570	+0.167%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1094%	1h	0.4561	−0.021%	$917K	$2.5M	50x	as long as short