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 +0.036%

Price spread now: BingX against HTX−0.065%7-day average +0.174% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1091.091% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 3 days (all we have)−0.174%−$17 · spread now −0.065%, 7d avg +0.174%

Together, before fees−0.128%−$13 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 0.239% cheaper against HTX than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.174%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WLD-USDT	0.4624	0.0100	pay 0.0100% / 8h	2h 56m	$870K	$1.7M	50x
Short	BingX WLD-USDC	0.4621	0.0100	get 0.0100% / 8h	2h 56m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against HTX. 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 HTXbpFee BingXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → +0.174%: −$23.86
Slippage, 4 orders: −$87.1
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$132.95
Costs to cover: 1.091%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; BingX: 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 HTX live order book, 2 min ago	14.03 bp	41.8 bp −$42	283.6 bp −$2,836	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	2.15 bp	12.2 bp −$12	35.7 bp −$357	476.4 bp −$47.6K	821.0 bp −$410.5K

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	−0.0297%	8h	0.4628	+0.087%	$31K	$3.7M	1.7x	as long as short
Phoenix WLD	−0.0091%	1h	0.4637	+0.290%	$2K	$52K	10x	as long as short
Variational Omni WLD	−0.0081%	8h	0.4652	+0.596%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0029%	8h	0.4629	+0.108%	$28K	$922K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4631	+0.150%	$158K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4630	+0.130%	$156K	$784K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4631	+0.142%	$58K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0012%	8h	0.4625	+0.022%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0030%	8h	0.4617	−0.151%	$35.0M	$138.0M	50x	as long as short
Bybit WLDUSDT	+0.0052%	8h	0.4629	+0.108%	$68.1M	$78.7M	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	+0.0084%	8h	0.4629	+0.108%	$54.9M	$46.0M	300x	as long as short
Binance WLDUSDT	+0.0085%	8h	0.4629	+0.109%	$88.6M	$290.1M	75x	as long as short
Nado WLD-PERP	+0.0100%	1h	0.4628	+0.087%	$358K	$130K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4632	+0.169%	$212K	$984K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4630	+0.139%	$56K	$475K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4621	−0.065%	$7.6M	$33.8M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4618	−0.130%	$30.4M	$24.9M	75x	as long as short
BingX WLD-USDCshort	+0.0100%	8h	0.4621	−0.065%	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4630	+0.125%	$131K	$293K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4638	+0.307%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4635	+0.238%	$624K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4638	+0.303%	$56K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4631	+0.156%	$57K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4633	+0.195%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4628	+0.087%	$201	$5K	10x	as long as short
HTX WLD-USDTlong	+0.0100%	8h	0.4624	long leg	$870K	$1.7M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4625	+0.022%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4620	−0.087%	$135K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4629	+0.119%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4631	+0.142%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0204%	8h	0.4627	+0.065%	$5.0M	$876K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0223% / S −0.1831%	1h	0.4631	+0.143%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0240%	1h	0.4622	−0.043%	$331	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4647	+0.497%	$6K	$90K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4635	+0.238%	$276K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0457%	1h	0.4637	+0.272%	$48.2M	$40.4M	10x	as long as short
Lighter WLD	+0.0880%	1h	0.4640	+0.350%	$5.1M	$1.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1077%	1h	0.4630	+0.133%	$928K	$2.5M	50x	as long as short