Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.004%

Price spread now: Bybit against gTrade (Gains Network)−0.335%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bybit is 0.335% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.335% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 12 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WLD/USD	0.4767	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	13m 54s	$57K	—	150x
Short	Bybit WLDUSDT	0.4751	0.0100	get 0.0100% / 8h	7h 13m	$68.8M	$83.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BybitbpOrdersPrice spread, now −0.335%Rate

Funding earned: $20.33
Price spread: −0.335% → 0.000%: −$33.46
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34.13
Costs to cover: 0.210%
Break-even: 18.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 5 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	1.06 bp	10.5 bp −$11	20.9 bp −$209	111.3 bp −$11.1K	doesn't fit

gTrade (Gains Network): 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
Phemex WLDUSDT	−0.0188%	8h	0.4764	−0.062%	$1.9M	$3.7M	50x	as long as short
Kalshi KXWLDPERP	−0.0162%	8h	0.4763	−0.083%	$30K	$4.0M	1.7x	as long as short
Nado WLD-PERP	−0.0032%	1h	0.4762	−0.104%	$276K	$178K	5x	as long as short
KuCoin WLDUSDTM	−0.0013%	8h	0.4752	−0.314%	$7.1M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4770	+0.068%	$170K	$12K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4766	−0.020%	$137K	$863K	25x	as long as short
gTrade (Gains Network) WLD/USDlong	L +0.0003% / S −0.0003%	1h	0.4767	long leg	$57K	—	150x
Injective WLD/USDC PERP	+0.0038%	1h	0.4744	−0.481%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0049%	8h	0.4764	−0.062%	$29K	$901K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4764	−0.059%	$213K	$983K	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	0.4771	+0.085%	$56K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4751	−0.335%	$90.9M	$310.2M	75x	as long as short
Bybit WLDUSDTshort	+0.0100%	8h	0.4751	−0.335%	$68.8M	$83.4M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4752	−0.314%	$36.1M	$150.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4748	−0.398%	$7.6M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4748	−0.398%	$49.8M	$54.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4748	−0.398%	$31.9M	$27.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4750	−0.356%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4762	−0.106%	$141K	$277K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4758	−0.193%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4742	−0.514%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4751	−0.335%	$627K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4743	−0.502%	$57K	$232K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4769	+0.051%	$47K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4772	+0.106%	$24K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4764	−0.062%	$235	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4767	+0.001%	$884K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4746	−0.430%	$219K	$894K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4764	−0.062%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4766	−0.025%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4760	−0.140%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4768	+0.022%	$5.0M	$885K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0240% / S −0.1538%	1h	0.4767	+0.001%	$7K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4774	+0.154%	$342	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0316%	1h	0.4766	−0.026%	$944K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4771	+0.085%	$279K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0879%	1h	0.4770	+0.056%	$53.5M	$44.0M	10x	as long as short
Lighter WLD	+0.1032%	1h	0.4776	+0.181%	$5.4M	$2.0M	10x	as long as short