Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Bitget against GRVT−0.488%73s7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as 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−$440.441% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.322%+$32 · spread now −0.488%, 7d avg −0.051%

Together, before fees+0.301%+ Points / potential airdropGRVT: Active · farm board+$30 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: Bitget is 0.437% cheaper against GRVT than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of −0.051%. The two prices were read 73 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	0.4733	0.0100	pay 0.0100% / 8h	7h 20m	$625K	$1.9M	10x
Short	Bitget WLDUSDT	0.4710	0.0100	get 0.0100% / 8h	7h 20m	$31.5M	$26.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.488%Rate

Funding earned: $0
Price spread: −0.488% → −0.051%: −$43.66
Slippage, 4 orders: −$23.07
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$87.73
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Bitget: live order book, 4 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	1.06 bp	13.7 bp −$14	23.9 bp −$239	255.1 bp −$25.5K	doesn't fit
Sell Bitget live order book, 4 min ago	1.06 bp	9.0 bp −$9	16.9 bp −$169	57.3 bp −$5,731	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	−0.0170%	8h	0.4712	−0.446%	$40K	$4.0M	1.7x	as long as short
Nado WLD-PERP	−0.0023%	1h	0.4717	−0.340%	$279K	$175K	5x	as long as short
KuCoin WLDUSDTM	−0.0018%	8h	0.4715	−0.382%	$7.0M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4716	−0.357%	$168K	$12K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4710	−0.488%	$135K	$863K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0002%	1h	0.4708	−0.530%	$57K	—	150x	as long as short
Phemex WLDUSDT	+0.0017%	8h	0.4713	−0.425%	$1.9M	$3.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−1.566%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0047%	8h	0.4708	−0.530%	$29K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4722	−0.239%	$208K	$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	0.4716	−0.357%	$55K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4710	−0.481%	$90.0M	$308.7M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4707	−0.551%	$67.9M	$83.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4708	−0.530%	$35.7M	$148.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4711	−0.467%	$7.7M	$35.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4711	−0.467%	$48.6M	$54.5M	300x	as long as short
Bitget WLDUSDTshort	+0.0100%	8h	0.4710	−0.488%	$31.5M	$26.9M	75x
BingX WLD-USDT	+0.0100%	8h	0.4707	−0.551%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4712	−0.448%	$140K	$279K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4717	−0.346%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4713	−0.434%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perplong	+0.0100%	8h	0.4733	long leg	$625K	$1.9M	10x
ApeX Omni WLDUSDT	+0.0100%	1h	0.4713	−0.425%	$55K	$230K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4719	−0.296%	$45K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4718	−0.319%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4712	−0.446%	$226	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4710	−0.488%	$873K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4708	−0.532%	$218K	$893K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4710	−0.482%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4712	−0.440%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4704	−0.617%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4713	−0.425%	$5.0M	$874K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4707	−0.544%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0240%	1h	0.4727	−0.120%	$338	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0320%	1h	0.4716	−0.366%	$932K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4715	−0.382%	$285K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0831%	1h	0.4724	−0.201%	$52.8M	$43.6M	10x	as long as short
Lighter WLD	+0.0984%	1h	0.4721	−0.256%	$5.4M	$2.0M	10x	as long as short