Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.040%

Price spread now: edgeX against Deribit+0.645%7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs+$39as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.194%+$19 on $10k

Price spread, last 3 days (all we have)−1.003%−$100 · spread now +0.645%, 7d avg −0.075%

Together, before fees−0.810%+ Points / potential airdropedgeX: Active · farm board−$81 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 edgeX is 0.720% dearer against Deribit than usual: you sell high and buy low: +$72 more if the spread goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4587	0	get 0.0000% / 1h	36m 59s	$107K	$890K	25x
Short	edgeX WLDUSDC	0.4617	0.0100	get 0.0050% / 4h	1h 36m	$27K	$315K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.645%Rate

Funding earned: $21
Price spread: +0.645% → −0.075%: $72.03
Slippage, 4 orders: −$16.89
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $60.14
Costs to cover: 0.329%
Break-even: from the start

Slippage from Deribit: live order book, 47 min ago; edgeX: live order book, 46 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, 47 min ago	2.19 bp	5.7 bp −$6	13.9 bp −$139	doesn't fit	doesn't fit
Sell edgeX live order book, 46 min ago	4.40 bp	8.9 bp −$9	18.3 bp −$183	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 KXWLDPERP	−0.0384%	8h	0.4602	+0.327%	$34K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+0.785%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0005%	8h	0.4586	−0.022%	$28K	$914K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4591	+0.092%	$164K	$13K	10x	as long as short
KuCoin WLDUSDTM	0.0000%	8h	0.4586	−0.022%	$7.0M	$10.7M	50x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4587	long leg	$107K	$890K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4584	−0.060%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0046%	8h	0.4597	+0.217%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0067%	1h	0.4582	−0.109%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4590	+0.061%	$216K	$988K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4589	+0.051%	$51K	$480K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4587	−0.003%	$87.0M	$295.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4587	0.000%	$66.0M	$81.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4585	−0.044%	$34.3M	$141.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4587	0.000%	$7.5M	$35.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4588	+0.022%	$49.3M	$51.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4587	0.000%	$30.2M	$25.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4587	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4588	+0.020%	$127K	$269K	10x	as long as short
edgeX WLDUSDCshort	+0.0100%	4h	0.4617	+0.645%	$27K	$315K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4608	+0.455%	$628K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4625	+0.828%	$56K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4585	−0.035%	$47K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4592	+0.109%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4587	0.000%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.022%	$866K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4588	+0.022%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4585	−0.038%	$241K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4586	−0.033%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4603	+0.358%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4582	−0.101%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4592	+0.104%	$921K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4585	−0.044%	$4.9M	$815K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4592	+0.107%	$329	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4586	−0.013%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4597	+0.218%	$273K	$1.6M	50x	as long as short
Lighter WLD	+0.0880%	1h	0.4598	+0.231%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.1064%	1h	0.4594	+0.146%	$50.0M	$43.1M	10x	as long as short