Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0566%/8h= +61.9% APRpaid last 24h +0.037%

Price spread now: Hyperliquid against GRVT+0.080%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on GRVT Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 3 days (all we have)−0.227%−$23 · spread now +0.080%, 7d avg +0.100%

Together, before fees−0.208%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.100%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WLD_USDT_Perp	0.4606	0.0100	pay 0.0100% / 8h	1h 01m	$619K	$1.9M	10x
Short	Hyperliquid WLD	0.4610	0.0666	get 0.0083% / 1h	1m 07s	$50.1M	$43.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.080%Rate

Funding earned: $118.8
Price spread: +0.080% → +0.100%: −$1.94
Slippage, 4 orders: −$14.26
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $84.59
Costs to cover: 0.323%
Break-even: 2.0 days

Slippage from GRVT: live order book, 2 min ago; Hyperliquid: live order book, 12 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, 2 min ago	2.17 bp	8.7 bp −$9	35.5 bp −$355	3615.5 bp −$361.5K	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.33 bp	6.5 bp −$6	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	−0.0263%	8h	0.4604	−0.043%	$56K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	−0.608%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4605	−0.025%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4605	−0.022%	$109K	$883K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4605	−0.017%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0007%	8h	0.4604	−0.043%	$28K	$911K	10x	as long as short
KuCoin WLDUSDTM	+0.0010%	8h	0.4609	+0.065%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0049%	1h	0.4606	−0.011%	$277K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4606	0.000%	$195K	$999K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4607	+0.012%	$53K	$481K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4605	−0.018%	$87.3M	$297.7M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4611	+0.109%	$66.0M	$82.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4609	+0.065%	$34.4M	$142.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4604	−0.043%	$7.5M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4610	+0.087%	$49.5M	$52.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4609	+0.065%	$30.5M	$25.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4609	+0.065%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4610	+0.093%	$130K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4593	−0.285%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4606	−0.006%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perplong	+0.0100%	8h	0.4606	long leg	$619K	$1.9M	10x
ApeX Omni WLDUSDT	+0.0100%	1h	0.4604	−0.043%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4606	+0.009%	$41K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4612	+0.130%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4604	−0.043%	$202	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4599	−0.152%	$868K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4601	−0.109%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4602	−0.085%	$238K	$858K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4611	+0.113%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4608	+0.054%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4602	−0.089%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0185%	1h	0.4606	+0.006%	$919K	$2.7M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4608	+0.043%	$4.9M	$821K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4611	+0.100%	$330	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4604	−0.043%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4613	+0.152%	$272K	$1.6M	50x	as long as short
Hyperliquid WLDshort	+0.0666%	1h	0.4610	+0.080%	$50.1M	$43.0M	10x
Lighter WLD	+0.1072%	1h	0.4615	+0.193%	$5.2M	$2.1M	10x	as long as short