Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.032%

Price spread now: HTX against Deribit−0.022%7-day average −0.194% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$760.758% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 4 days (all we have)−0.374%−$37 · spread now −0.022%, 7d avg −0.194%

Together, before fees−0.240%−$24 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 HTX is 0.172% dearer against Deribit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.194%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4521	0	get 0.0000% / 1h	52m 32s	$119K	$1.0M	25x
Short	HTX WLD-USDT	0.4520	0.0100	get 0.0100% / 8h	7h 52m	$827K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $21
Price spread: −0.022% → −0.194%: $17.16
Slippage, 4 orders: −$56.75
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$37.59
Costs to cover: 0.758%
Break-even: 19.5 days

Slippage from Deribit: live order book, 1 min ago; HTX: live order book, 1 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, 1 min ago	3.32 bp	6.8 bp −$7	16.6 bp −$166	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	8.86 bp	22.6 bp −$23	doesn't fit	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
dYdX WLD-USD	0.0000%	1h	0.4516	−0.108%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4516	−0.111%	$40K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4521	long leg	$119K	$1.0M	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4515	−0.127%	$65K	—	150x	as long as short
Nado WLD-PERP	+0.0015%	1h	0.4515	−0.144%	$234K	$175K	5x	as long as short
Gate WLD_USDT	+0.0048%	8h	0.4515	−0.133%	$7.1M	$34.5M	75x	as long as short
Bybit WLDUSDT	+0.0069%	8h	0.4514	−0.155%	$63.9M	$89.4M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4519	−0.044%	$27K	$631K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4518	−0.064%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4517	−0.091%	$54K	$543K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4516	−0.113%	$86.7M	$333.2M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4515	−0.133%	$34.2M	$149.9M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4514	−0.155%	$41.9M	$55.5M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4513	−0.177%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4516	−0.111%	$29.8M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4518	−0.066%	—	$20.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4520	−0.015%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4509	−0.271%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4507	−0.310%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4521	+0.002%	$597K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4507	−0.310%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4516	−0.100%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4523	+0.044%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4518	−0.066%	$215	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4520	−0.022%	$827K	$1.5M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4518	−0.066%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4517	−0.081%	$208K	$876K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4520	−0.026%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.288%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4513	−0.182%	—	—	20x	as long as short
Phoenix WLD	+0.0194%	1h	0.4520	−0.022%	$4K	$44K	10x	as long as short
01 Exchange WLDUSD	+0.0200%	1h	0.4520	−0.020%	$323	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4519	−0.051%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4521	0.000%	$4.4M	$910K	75x	as long as short
Kraken Futures PF_WLDUSD	+0.0303%	1h	0.4520	−0.020%	$869K	$2.8M	50x	as long as short
Lighter WLD	+0.0304%	1h	0.4519	−0.035%	$4.9M	$2.9M	10x	as long as short
Hyperliquid WLD	+0.0317%	1h	0.4519	−0.053%	$50.1M	$43.1M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4523	+0.044%	$269K	$1.6M	50x	as long as short