Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.025%

Price spread now: Bybit against Extended+0.063%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.418%−$42 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.063%, 7d avg +0.032%

Together, before fees−0.404%+ Points / potential airdropExtended: Active · farm board−$40 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: Bybit is 0.031% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLD-USD	0.4571	0.0104	pay 0.0013% / 1h	23m 15s	$240K	$855K	10x
Short	Bybit WLDUSDT	0.4574	0.0100	get 0.0100% / 8h	1h 23m	$65.5M	$82.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$0.84
Price spread: +0.063% → +0.032%: $3.08
Slippage, 4 orders: −$10.94
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$24.7
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from Extended: live order book, 60 min ago; Bybit: live order book, 6 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 Extended live order book, 60 min ago	1.10 bp	5.6 bp −$6	13.1 bp −$131	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	1.09 bp	10.1 bp −$10	19.5 bp −$195	97.8 bp −$9,778	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	−0.0324%	8h	0.4586	+0.325%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+1.135%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4576	+0.116%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4574	+0.063%	$108K	$900K	25x	as long as short
Orderly PERP_WLD_USDC	+0.0001%	8h	0.4573	+0.041%	$28K	$913K	10x	as long as short
KuCoin WLDUSDTM	+0.0002%	8h	0.4574	+0.063%	$7.0M	$10.8M	50x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4575	+0.088%	$57K	—	150x	as long as short
Nado WLD-PERP	+0.0055%	1h	0.4576	+0.096%	$276K	$169K	5x	as long as short
Variational Omni WLD	+0.0074%	8h	0.4588	+0.367%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4578	+0.141%	$200K	$986K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4577	+0.138%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4574	+0.063%	$86.5M	$297.4M	75x	as long as short
Bybit WLDUSDTshort	+0.0100%	8h	0.4574	+0.063%	$65.5M	$82.1M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4572	+0.019%	$34.2M	$141.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4573	+0.041%	$7.4M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4575	+0.085%	$48.9M	$51.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4572	+0.019%	$30.2M	$25.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4574	+0.063%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4582	+0.229%	$127K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4585	+0.296%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4592	+0.452%	$617K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	+0.369%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4576	+0.104%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4581	+0.216%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4573	+0.041%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4577	+0.128%	$864K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4574	+0.063%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USDlong	+0.0104%	1h	0.4571	long leg	$240K	$855K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4574	+0.063%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4587	+0.352%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4572	+0.028%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4578	+0.151%	$907K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4572	+0.019%	$4.9M	$813K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4580	+0.196%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4574	+0.059%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4583	+0.260%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0796%	1h	0.4580	+0.201%	$49.8M	$43.1M	10x	as long as short
Lighter WLD	+0.0944%	1h	0.4585	+0.297%	$5.2M	$2.1M	10x	as long as short