Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.021%

Price spread now: Gate against Deribit−0.022%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.509% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.164%−$16 · spread now −0.022%, 7d avg −0.047%

Together, before fees−0.105%−$11 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 Gate is 0.025% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4485	0	get 0.0000% / 1h	24m 00s	$135K	$986K	25x
Short	Gate WLD_USDT	0.4484	0.0100	get 0.0100% / 8h	24m 00s	$7.0M	$35.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.022%Rate

Funding earned: $21
Price spread: −0.022% → −0.047%: $2.45
Slippage, 4 orders: −$28.88
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$27.43
Costs to cover: 0.509%
Break-even: 16.1 days

Slippage from Deribit: live order book, 5 min ago; Gate: 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	5.56 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.22 bp	14.3 bp −$14	33.5 bp −$335	52.6 bp −$5,258	128.3 bp −$64.2K

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
Injective WLD/USDC PERP	−0.0309%	1h	0.4531	+1.026%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0038%	1h	0.4486	+0.033%	$234K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4485	+0.002%	$153K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4483	−0.045%	$64K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4485	long leg	$135K	$986K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4485	−0.004%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4483	−0.045%	$27K	$699K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4486	+0.024%	$222K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4487	+0.045%	$53K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4482	−0.062%	$85.8M	$334.1M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4481	−0.089%	$63.4M	$89.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4483	−0.045%	$33.9M	$150.2M	50x	as long as short
Gate WLD_USDTshort	+0.0100%	8h	0.4484	−0.022%	$7.0M	$35.8M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4482	−0.067%	$40.8M	$56.7M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4483	−0.045%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4482	−0.067%	$29.5M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4482	−0.067%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4485	−0.009%	$131K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4484	−0.030%	$2.0M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4505	+0.443%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4503	+0.401%	$593K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4504	+0.424%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4486	+0.031%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4489	+0.089%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4483	−0.045%	$221	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4482	−0.067%	$820K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4484	−0.022%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4480	−0.105%	$207K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4485	−0.009%	$30K	$500	3x	as long as short
Lighter WLD	+0.0112%	1h	0.4489	+0.087%	$4.9M	$2.9M	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4482	−0.075%	—	—	20x	as long as short
Phoenix WLD	+0.0177%	1h	0.4491	+0.140%	$4K	$43K	10x	as long as short
01 Exchange WLDUSD	+0.0208%	1h	0.4490	+0.118%	$321	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4484	−0.024%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4488	+0.067%	$4.8M	$905K	75x	as long as short
Hyperliquid WLD	+0.0384%	1h	0.4489	+0.085%	$49.9M	$43.2M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4491	+0.134%	$268K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0460%	1h	0.4486	+0.018%	$859K	$2.8M	50x	as long as short