Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.1% APRpaid last 24h +0.015%

Price spread now: Orderly against Deribit−0.022%7-day average −0.032% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.022%, 7d avg −0.032%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4580	0	get 0.0000% / 1h	2m 51s	$122K	$897K	25x
Short	Orderly PERP_WLD_USDC	0.4579	0.0038	get 0.0038% / 8h	2m 51s	$28K	$906K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.022%Rate

Funding earned: $7.89
Price spread: −0.022% → −0.032%: $0.97
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$4.14
Costs to cover: 0.130%
Break-even: 10.7 days

Slippage unknown: Deribit: live order book, 11 min ago; Orderly: no order-book sample. Net counts fees only.

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, 11 min ago	4.36 bp	7.9 bp −$8	17.6 bp −$176	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0185%	8h	0.4579	−0.022%	$70K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4579	−0.015%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4580	long leg	$122K	$897K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4580	+0.005%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0004%	8h	0.4576	−0.087%	$7.0M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDCshort	+0.0038%	8h	0.4579	−0.022%	$28K	$906K	10x
Nado WLD-PERP	+0.0040%	1h	0.4580	0.000%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4580	+0.004%	$192K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4581	+0.022%	$54K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4578	−0.044%	$86.6M	$303.8M	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	0.4578	−0.044%	$65.9M	$82.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4578	−0.044%	$34.3M	$143.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4578	−0.044%	$7.5M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4578	−0.044%	$45.7M	$53.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4578	−0.044%	$30.3M	$26.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4578	−0.044%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4581	+0.017%	$136K	$283K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4567	−0.286%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4574	−0.138%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4581	+0.024%	$608K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4574	−0.131%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4582	+0.035%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4585	+0.109%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4579	−0.022%	$219	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4577	−0.066%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4577	−0.066%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4577	−0.073%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4581	+0.022%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4580	−0.011%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4579	−0.025%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4582	+0.044%	$4.8M	$823K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4579	−0.031%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4584	+0.096%	$328	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4585	+0.109%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4588	+0.175%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0521%	1h	0.4587	+0.159%	$50.9M	$43.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0718%	1h	0.4582	+0.052%	$903K	$2.7M	50x	as long as short
Lighter WLD	+0.1280%	1h	0.4590	+0.210%	$5.2M	$2.0M	10x	as long as short