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 +0.015%

Price spread now: BingX against GRVT−0.070%69s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$360.361% of the position

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 3 days (all we have)−0.177%−$18 · spread now −0.070%, 7d avg −0.012%

Together, before fees−0.171%+ Points / potential airdropGRVT: Active · farm board−$17 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 0.058% cheaper against GRVT than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 69 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	GRVT WLD_USDT_Perp	0.4580	0.0100	pay 0.0100% / 8h	30m 12s	$618K	$1.9M	10x
Short	BingX WLD-USDT	0.4577	0.0100	get 0.0100% / 8h	30m 12s	—	$67.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GRVT. 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 GRVTbpFee BingXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.012%: −$5.77
Slippage, 4 orders: −$17.15
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$41.92
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; BingX: live order book, 9 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 GRVT live order book, 3 min ago	1.09 bp	7.3 bp −$7	25.8 bp −$258	1885.0 bp −$188.5K	doesn't fit
Sell BingX live order book, 9 min ago	2.18 bp	7.4 bp −$7	12.4 bp −$124	26.3 bp −$2,631	96.9 bp −$48.4K

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	−0.0204%	8h	0.4581	+0.018%	$64K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4584	+0.079%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4578	−0.048%	$112K	$885K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4577	−0.065%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0013%	8h	0.4579	−0.026%	$7.0M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0028%	8h	0.4576	−0.092%	$28K	$909K	10x	as long as short
Nado WLD-PERP	+0.0052%	1h	0.4581	+0.007%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4579	−0.035%	$189K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4582	+0.039%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4576	−0.100%	$86.3M	$301.5M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4576	−0.092%	$65.5M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4576	−0.092%	$34.2M	$142.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4577	−0.070%	$7.4M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4581	+0.018%	$45.8M	$52.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4576	−0.092%	$30.2M	$25.9M	75x	as long as short
BingX WLD-USDTshort	+0.0100%	8h	0.4577	−0.070%	—	$67.1M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4586	+0.122%	$129K	$272K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4586	+0.126%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4578	−0.038%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perplong	+0.0100%	8h	0.4580	long leg	$618K	$1.9M	10x
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	+0.061%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4584	+0.087%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4581	+0.018%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4576	−0.092%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4577	−0.070%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4577	−0.070%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4577	−0.077%	$234K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4578	−0.038%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4581	+0.024%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4581	+0.017%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4589	+0.192%	$4.9M	$825K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4577	−0.076%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4585	+0.105%	$328	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.258%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4582	+0.039%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0501%	1h	0.4588	+0.177%	$49.7M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0718%	1h	0.4578	−0.046%	$905K	$2.7M	50x	as long as short
Lighter WLD	+0.1448%	1h	0.4585	+0.109%	$5.2M	$2.0M	10x	as long as short