Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: BingX against Gate+0.022%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$620.624% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.022%, 7d avg −0.004%

Together, before fees+0.124%+$12 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: BingX is 0.026% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4514	0.0100	pay 0.0100% / 8h	2h 12m	$7.3M	$34.8M	75x
Short	BingX WLD-USDC	0.4515	0.0100	get 0.0100% / 8h	2h 12m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.004%: $2.63
Slippage, 4 orders: −$37.45
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$59.82
Costs to cover: 0.624%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; BingX: live order book, 3 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 Gate live order book, 1 min ago	2.21 bp	15.6 bp −$16	38.8 bp −$388	79.4 bp −$7,936	doesn't fit
Sell BingX live order book, 3 min ago	2.20 bp	13.1 bp −$13	32.5 bp −$325	454.5 bp −$45.4K	774.8 bp −$387.4K

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	−0.0482%	8h	0.4519	+0.111%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0019%	8h	0.4516	+0.044%	$27K	$916K	10x	as long as short
KuCoin WLDUSDTM	−0.0002%	8h	0.4514	0.000%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4520	+0.127%	$154K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4518	+0.089%	$122K	$911K	25x	as long as short
Variational Omni WLD	+0.0001%	8h	0.4531	+0.383%	$2.1M	$1.6M	—	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4518	+0.078%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0035%	1h	0.4520	+0.127%	$270K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4542	+0.618%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0080%	8h	0.4514	0.000%	$33.7M	$137.3M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC WLD_USDT	+0.0088%	8h	0.4516	+0.044%	$52.2M	$48.0M	300x	as long as short
Binance WLDUSDT	+0.0089%	8h	0.4517	+0.066%	$84.9M	$293.0M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4517	+0.078%	$46.3M	$41.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4519	+0.107%	$214K	$982K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4520	+0.143%	$51K	$482K	5x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4515	+0.022%	$64.4M	$80.4M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4514	long leg	$7.3M	$34.8M	75x
Bitget WLDUSDT	+0.0100%	8h	0.4514	0.000%	$30.0M	$25.1M	75x	as long as short
BingX WLD-USDCshort	+0.0100%	8h	0.4515	+0.022%	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4517	+0.062%	$128K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4531	+0.375%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4539	+0.554%	$609K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4533	+0.421%	$54K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4517	+0.069%	$51K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4522	+0.177%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4514	0.000%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4516	+0.044%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4515	+0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4515	+0.025%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4516	+0.048%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4515	+0.029%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0209%	8h	0.4518	+0.089%	$4.9M	$808K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0216% / S −0.1712%	1h	0.4516	+0.055%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0320%	1h	0.4524	+0.222%	$324	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4542	+0.620%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4533	+0.421%	$278K	$1.6M	50x	as long as short
Lighter WLD	+0.0960%	1h	0.4525	+0.253%	$5.1M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1104%	1h	0.4518	+0.099%	$920K	$2.6M	50x	as long as short