Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: Bitget against Deribit−0.044%48s7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.426% of the position

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)−0.864%−$86 · spread now −0.044%, 7d avg −0.083%

Together, before fees−0.717%−$72 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.040% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.083%. The two prices were read 48 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	Deribit WLD_USDC-PERPETUAL	0.4591	0	get 0.0000% / 1h	53m 33s	$116K	$923K	25x
Short	Bitget WLDUSDT	0.4589	0.0100	get 0.0100% / 8h	4h 53m	$30.3M	$30.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.044%Rate

Funding earned: $21
Price spread: −0.044% → −0.083%: $3.99
Slippage, 4 orders: −$23.62
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.62
Costs to cover: 0.426%
Break-even: 12.9 days

Slippage from Deribit: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago	3.28 bp	13.3 bp −$13	22.4 bp −$224	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	1.10 bp	10.1 bp −$10	16.5 bp −$165	39.4 bp −$3,942	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	−0.0110%	8h	0.4592	+0.022%	$58K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0080%	1h	0.4588	−0.065%	$243K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0027%	8h	0.4586	−0.109%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4589	−0.053%	$156K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4591	long leg	$116K	$923K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4592	+0.017%	$55K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	−0.719%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0024%	1h	0.4590	−0.017%	$328	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0082%	8h	0.4587	−0.087%	$28K	$889K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4593	+0.046%	$5.0M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4590	−0.012%	$181K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4588	−0.057%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4590	−0.022%	$87.1M	$327.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4590	−0.022%	$65.4M	$88.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4591	0.000%	$34.4M	$149.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4587	−0.087%	$7.2M	$36.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4591	0.000%	$44.4M	$53.6M	300x	as long as short
Bitget WLDUSDTshort	+0.0100%	8h	0.4589	−0.044%	$30.3M	$30.0M	75x
BingX WLD-USDC	+0.0100%	8h	0.4586	−0.109%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4591	−0.007%	$135K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4586	−0.114%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4585	−0.127%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4584	−0.162%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4562	−0.632%	$50K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4590	−0.030%	$43K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4595	+0.087%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4589	−0.044%	$171	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.109%	$839K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4592	+0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4584	−0.146%	$227K	$974K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4590	−0.033%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4590	−0.017%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4594	+0.059%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0177%	1h	0.4598	+0.146%	$50.4M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4593	+0.044%	$5.0M	$850K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4591	+0.006%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0478%	1h	0.4593	+0.049%	$888K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4588	−0.065%	$271K	$1.7M	50x	as long as short