Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.025%

Price spread now: OKX against Deribit−0.044%56s7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.316% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 3 days (all we have)−0.212%−$21 · spread now −0.044%, 7d avg −0.075%

Together, before fees−0.133%−$13 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 OKX is 0.031% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.075%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

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	0m 24s	$123K	$897K	25x
Short	OKX WLD-USDT-SWAP	0.4585	0.0100	get 0.0100% / 8h	0m 24s	$34.4M	$143.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $21
Price spread: −0.044% → −0.075%: $3.14
Slippage, 4 orders: −$14.56
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$7.41
Costs to cover: 0.316%
Break-even: 9.5 days

Slippage from Deribit: live order book, 14 min ago; OKX: live order book, 4 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, 14 min ago	4.36 bp	7.9 bp −$8	17.6 bp −$176	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.09 bp	8.8 bp −$9	16.7 bp −$167	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	−0.0194%	8h	0.4578	−0.196%	$70K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4583	−0.090%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4587	long leg	$123K	$897K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4586	−0.018%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0005%	8h	0.4580	−0.153%	$7.0M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0039%	8h	0.4586	−0.022%	$28K	$906K	10x	as long as short
Nado WLD-PERP	+0.0040%	1h	0.4586	−0.022%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4581	−0.127%	$192K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4586	−0.022%	$54K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4586	−0.025%	$86.7M	$303.7M	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	0.4586	−0.022%	$66.0M	$82.8M	50x	as long as short
OKX WLD-USDT-SWAPshort	+0.0100%	8h	0.4585	−0.044%	$34.4M	$143.7M	50x
Gate WLD_USDT	+0.0100%	8h	0.4585	−0.044%	$7.5M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4586	−0.022%	$46.5M	$53.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4586	−0.022%	$30.4M	$26.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4585	−0.044%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4585	−0.044%	$136K	$283K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4578	−0.199%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4579	−0.177%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4581	−0.129%	$608K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4579	−0.174%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4588	+0.022%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4584	−0.065%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4584	−0.065%	$219	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4582	−0.109%	$853K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4582	−0.109%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4584	−0.074%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4586	−0.023%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4580	−0.164%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4586	−0.025%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4585	−0.044%	$4.9M	$823K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4587	−0.006%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4586	−0.013%	$328	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4585	−0.044%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4580	−0.153%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0535%	1h	0.4593	+0.142%	$50.9M	$43.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0717%	1h	0.4588	+0.017%	$904K	$2.7M	50x	as long as short
Lighter WLD	+0.1280%	1h	0.4596	+0.205%	$5.2M	$2.0M	10x	as long as short