Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.025%

Price spread now: Bybit against edgeX−0.567%111s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as 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−$360.362% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 3 days (all we have)−0.074%−$7 · spread now −0.567%, 7d avg −0.001%

Together, before fees−0.197%+ Points / potential airdropedgeX: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.566% cheaper against edgeX than usual: you would sell low and buy high (−$57 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 111 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	edgeX WLDUSDC	0.4629	0.0100	pay 0.0050% / 4h	2h 53m	$27K	$314K	20x
Short	Bybit WLDUSDT	0.4603	0.0061	get 0.0061% / 8h	2h 53m	$67.6M	$78.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.567%Rate

Funding earned: −$8.19
Price spread: −0.567% → −0.001%: −$56.63
Slippage, 4 orders: −$16.23
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$101.05
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from edgeX: live order book, 34 min ago; Bybit: 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 edgeX live order book, 34 min ago	3.26 bp	7.8 bp −$8	15.8 bp −$158	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.08 bp	9.9 bp −$10	17.9 bp −$179	89.1 bp −$8,905	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	−0.0340%	8h	0.4597	−0.696%	$31K	$3.7M	1.7x	as long as short
Phoenix WLD	−0.0091%	1h	0.4637	+0.176%	$5K	$52K	10x	as long as short
Variational Omni WLD	−0.0069%	8h	0.4630	+0.027%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0029%	8h	0.4586	−0.934%	$28K	$921K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4601	−0.621%	$157K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4588	−0.891%	$154K	$782K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4591	−0.835%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0012%	8h	0.4590	−0.848%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0035%	8h	0.4603	−0.567%	$34.7M	$137.9M	50x	as long as short
Bybit WLDUSDTshort	+0.0061%	8h	0.4603	−0.567%	$67.6M	$78.6M	50x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC WLD_USDT	+0.0086%	8h	0.4594	−0.761%	$54.3M	$46.2M	300x	as long as short
Binance WLDUSDT	+0.0088%	8h	0.4596	−0.724%	$87.8M	$288.7M	75x	as long as short
Nado WLD-PERP	+0.0089%	1h	0.4591	−0.815%	$355K	$127K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4596	−0.718%	$210K	$977K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4596	−0.708%	$55K	$475K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4593	−0.783%	$7.5M	$33.9M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4593	−0.783%	$30.3M	$25.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4594	−0.761%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4591	−0.820%	$129K	$282K	10x	as long as short
edgeX WLDUSDClong	+0.0100%	4h	0.4629	long leg	$27K	$314K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4633	+0.088%	$627K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4632	+0.060%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4593	−0.781%	$56K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4593	−0.783%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4588	−0.891%	$198	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.934%	$863K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4589	−0.869%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4592	−0.804%	$134K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4589	−0.868%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4592	−0.802%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0207%	8h	0.4616	−0.286%	$5.0M	$884K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0223% / S −0.1831%	1h	0.4591	−0.829%	$9K	—	100x	as long as short
Hyperliquid WLD	+0.0350%	1h	0.4600	−0.642%	$47.8M	$40.3M	10x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	−0.156%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4595	−0.740%	$276K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0464%	1h	0.4628	−0.018%	$331	$77	5x	as long as short
Lighter WLD	+0.0904%	1h	0.4605	−0.534%	$5.1M	$1.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1086%	1h	0.4592	−0.815%	$921K	$2.5M	50x	as long as short