Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.016%

Price spread now: Bybit against Deribit−0.044%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$340.335% of the position

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 3 days (all we have)−0.815%−$82 · spread now −0.044%, 7d avg −0.059%

Together, before fees−0.744%−$74 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4590	0	get 0.0000% / 1h	51m 59s	$154K	$785K	25x
Short	Bybit WLDUSDT	0.4588	0.0064	get 0.0064% / 8h	2h 51m	$67.4M	$78.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.044%Rate

Funding earned: $13.41
Price spread: −0.044% → −0.059%: $1.57
Slippage, 4 orders: −$15.53
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$18.55
Costs to cover: 0.335%
Break-even: 16.7 days

Slippage from Deribit: live order book, 37 min ago; Bybit: live order book, 2 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, 37 min ago	3.27 bp	8.8 bp −$9	15.8 bp −$158	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.09 bp	8.3 bp −$8	18.1 bp −$181	89.4 bp −$8,940	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	−0.0406%	8h	0.4587	−0.065%	$31K	$3.7M	1.7x	as long as short
Variational Omni WLD	−0.0069%	8h	0.4630	+0.882%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0029%	8h	0.4589	−0.022%	$28K	$921K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4592	+0.044%	$157K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4590	long leg	$154K	$785K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4588	−0.051%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0014%	8h	0.4585	−0.109%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0038%	8h	0.4586	−0.087%	$34.7M	$137.6M	50x	as long as short
Phoenix WLD	+0.0052%	1h	0.4597	+0.161%	$5K	$52K	10x	as long as short
Bybit WLDUSDTshort	+0.0064%	8h	0.4588	−0.044%	$67.4M	$78.4M	50x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLD-PERP	+0.0077%	1h	0.4586	−0.087%	$274K	$168K	5x	as long as short
MEXC WLD_USDT	+0.0087%	8h	0.4588	−0.044%	$53.7M	$46.4M	300x	as long as short
Binance WLDUSDT	+0.0088%	8h	0.4586	−0.082%	$87.6M	$289.0M	75x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4588	−0.044%	$210K	$977K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4591	+0.024%	$55K	$475K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4584	−0.131%	$7.5M	$34.0M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4581	−0.196%	$30.3M	$24.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4586	−0.087%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4588	−0.037%	$130K	$281K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4620	+0.644%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4607	+0.370%	$624K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4632	+0.915%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4587	−0.070%	$56K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4589	−0.022%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4588	−0.044%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4583	−0.153%	$862K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4588	−0.044%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4583	−0.162%	$134K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4592	+0.049%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4584	−0.128%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0208%	8h	0.4593	+0.065%	$5.0M	$881K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0223% / S −0.1831%	1h	0.4588	−0.049%	$9K	—	100x	as long as short
Hyperliquid WLD	+0.0352%	1h	0.4593	+0.065%	$47.7M	$40.4M	10x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+0.697%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4593	+0.065%	$276K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0896%	1h	0.4592	+0.048%	$329	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.1087%	1h	0.4591	+0.018%	$921K	$2.5M	50x	as long as short
Lighter WLD	+0.1104%	1h	0.4598	+0.176%	$5.1M	$1.9M	10x	as long as short