Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.029%

Price spread now: Kalshi against Deribit−0.022%7-day average −0.158% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Deribit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 4 days (all we have)−0.180%−$18 · spread now −0.022%, 7d avg −0.158%

Together, before fees−0.302%−$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kalshi is 0.136% dearer against Deribit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4491	0	get 0.0000% / 1h	9m 46s	$105K	$1.0M	25x
Short	Kalshi KXWLDPERP	0.4490	0	get 0.0000% / 8h	9m 46s	$40K	$4.1M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.158%: $13.62
Slippage, 4 orders: −$24.42
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$27.8
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from Deribit: live order book, 2 min ago; Kalshi: 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, 2 min ago	2.23 bp	5.7 bp −$6	15.9 bp −$159	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	8.91 bp	13.9 bp −$14	21.3 bp −$213	doesn't fit	doesn't fit

WLD on 38 exchanges

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
Kraken Futures PF_WLDUSD	−0.0186%	1h	0.4494	+0.069%	$845K	$2.6M	50x	as long as short
Nado WLD-PERP	−0.0120%	1h	0.4486	−0.100%	$234K	$132K	5x	as long as short
Polymarket Perps WLD-USD	−0.0103%	1h	0.4490	−0.031%	$38K	$2.5M	10x	as long as short
Gate WLD_USDT	−0.0090%	8h	0.4498	+0.156%	$7.1M	$31.0M	75x	as long as short
Bybit WLDUSDT	−0.0053%	8h	0.4505	+0.312%	$64.5M	$84.0M	50x	as long as short
KuCoin WLDUSDTM	−0.0027%	8h	0.4501	+0.223%	$6.6M	$10.1M	50x	as long as short
Variational Omni WLD	−0.0005%	8h	0.4487	−0.083%	$2.1M	$1.4M	—	as long as short
dYdX WLD-USD	0.0000%	1h	0.4503	+0.274%	$154K	$31K	10x	as long as short
Kalshi KXWLDPERPshort	0.0000%	8h	0.4490	−0.022%	$40K	$4.1M	1.7x
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4491	long leg	$105K	$1.0M	25x

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4492	+0.016%	$65K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0033%	1h	0.4477	−0.312%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0036%	1h	0.4493	+0.045%	$4K	$41K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0069%	8h	0.4489	−0.045%	$27K	$111K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0079%	8h	0.4502	+0.245%	$34.7M	$141.3M	50x	as long as short
01 Exchange WLDUSD	+0.0080%	1h	0.4493	+0.045%	$321	$55	5x	as long as short
Lighter WLD	+0.0096%	1h	0.4510	+0.419%	$4.9M	$3.0M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4503	+0.267%	$212K	$905K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4506	+0.334%	$64K	$504K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4504	+0.289%	$85.5M	$309.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4503	+0.267%	$42.6M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4502	+0.245%	$29.5M	$28.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4499	+0.178%	—	$55.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4491	−0.002%	$127K	$274K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4491	−0.004%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4495	+0.079%	$594K	$2.4M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4491	0.000%	$48K	$248K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4495	+0.089%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4490	−0.022%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4485	−0.134%	$822K	$1.1M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4492	+0.022%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4493	+0.043%	$212K	$645K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4490	−0.033%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4487	−0.083%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4491	0.000%	$4.8M	$872K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0223% / S −0.1107%	1h	0.4491	+0.003%	$5K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0264%	1h	0.4497	+0.134%	$272K	$972K	50x	as long as short
Hyperliquid WLD	+0.0574%	1h	0.4508	+0.372%	$52.3M	$27.9M	10x	as long as short