Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.018%

Price spread now: Deribit against Gate−0.065%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 3 days (all we have)+0.399%+$40 · spread now −0.065%, 7d avg +0.052%

Together, before fees+0.351%+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.117% cheaper against Gate than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4601	0.0100	pay 0.0100% / 8h	1h 39m	$7.5M	$35.0M	75x
Short	Deribit WLD_USDC-PERPETUAL	0.4598	0	get 0.0000% / 1h	39m 57s	$107K	$890K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$21
Price spread: −0.065% → +0.052%: −$11.73
Slippage, 4 orders: −$20.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$75.48
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Deribit: live order book, 44 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, 4 min ago	2.18 bp	13.4 bp −$13	34.3 bp −$343	77.5 bp −$7,745	doesn't fit
Sell Deribit live order book, 44 min ago	2.19 bp	9.4 bp −$9	doesn't fit	doesn't fit	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	−0.0395%	8h	0.4598	−0.065%	$44K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4522	−1.717%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0005%	8h	0.4596	−0.109%	$28K	$914K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4596	−0.112%	$157K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4598	−0.065%	$107K	$890K	25x
KuCoin WLDUSDTM	+0.0002%	8h	0.4598	−0.065%	$7.0M	$10.7M	50x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4597	−0.096%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0046%	8h	0.4597	−0.088%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0066%	1h	0.4597	−0.087%	$277K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4600	−0.016%	$216K	$974K	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	0.4599	−0.050%	$52K	$480K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4603	+0.044%	$87.3M	$295.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4605	+0.087%	$65.9M	$81.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4607	+0.130%	$34.5M	$141.1M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4601	long leg	$7.5M	$35.0M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4612	+0.239%	$49.2M	$51.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4610	+0.196%	$30.4M	$25.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4608	+0.152%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4602	+0.024%	$128K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4592	−0.188%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4594	−0.152%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4597	−0.087%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4598	−0.061%	$47K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4605	+0.087%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4600	−0.022%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4596	−0.109%	$867K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4600	−0.022%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4609	+0.166%	$241K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4590	−0.234%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4595	−0.128%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4596	−0.101%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0185%	1h	0.4606	+0.107%	$924K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4599	−0.043%	$4.9M	$817K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4601	+0.009%	$329	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4595	−0.134%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4605	+0.087%	$274K	$1.6M	50x	as long as short
Lighter WLD	+0.0944%	1h	0.4610	+0.187%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.1143%	1h	0.4608	+0.146%	$50.3M	$43.2M	10x	as long as short