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 +0.016%

Price spread now: Bybit against HTX−0.221%53s7-day average +0.154% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as 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−$670.667% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 3 days (all we have)+0.184%+$18 · spread now −0.221%, 7d avg +0.154%

Together, before fees+0.120%+$12 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: Bybit is 0.375% cheaper against HTX than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of +0.154%. The two prices were read 53 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	HTX WLD-USDT	0.4535	0.0100	pay 0.0100% / 8h	2h 14m	$855K	$1.8M	50x
Short	Bybit WLDUSDT	0.4525	0.0100	get 0.0100% / 8h	2h 14m	$64.5M	$80.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.221%Rate

Funding earned: $0
Price spread: −0.221% → +0.154%: −$37.49
Slippage, 4 orders: −$43.72
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$104.21
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Bybit: live order book, 5 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, 4 min ago	8.80 bp	31.5 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.10 bp	8.6 bp −$9	22.5 bp −$225	97.3 bp −$9,735	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	−0.0470%	8h	0.4539	+0.088%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0019%	8h	0.4525	−0.221%	$28K	$917K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4534	−0.021%	$155K	$6K	10x	as long as short
KuCoin WLDUSDTM	0.0000%	8h	0.4523	−0.265%	$7.0M	$10.7M	50x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4540	+0.110%	$123K	$911K	25x	as long as short
Variational Omni WLD	+0.0001%	8h	0.4531	−0.082%	$2.1M	$1.6M	—	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4527	−0.166%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0034%	1h	0.4523	−0.254%	$270K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4542	+0.152%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0079%	8h	0.4524	−0.243%	$33.8M	$137.6M	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	+0.0087%	8h	0.4525	−0.221%	$52.9M	$47.8M	300x	as long as short
Binance WLDUSDT	+0.0089%	8h	0.4525	−0.226%	$85.0M	$292.8M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4528	−0.161%	$46.4M	$41.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4528	−0.153%	$215K	$982K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4533	−0.037%	$51K	$482K	5x	as long as short
Bybit WLDUSDTshort	+0.0100%	8h	0.4525	−0.221%	$64.5M	$80.3M	50x
Gate WLD_USDT	+0.0100%	8h	0.4524	−0.243%	$7.3M	$34.8M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4525	−0.221%	$30.0M	$25.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4524	−0.243%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4539	+0.084%	$129K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4539	+0.090%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4539	+0.088%	$609K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4540	+0.110%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4525	−0.227%	$51K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4536	+0.022%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4536	+0.022%	$198	$5K	10x	as long as short
HTX WLD-USDTlong	+0.0100%	8h	0.4535	long leg	$855K	$1.8M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4538	+0.066%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4523	−0.257%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4525	−0.225%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4525	−0.226%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0207%	8h	0.4535	0.000%	$4.9M	$806K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0216% / S −0.1712%	1h	0.4526	−0.208%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0320%	1h	0.4528	−0.154%	$324	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4542	+0.154%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4540	+0.110%	$279K	$1.6M	50x	as long as short
Lighter WLD	+0.0960%	1h	0.4541	+0.143%	$5.1M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1099%	1h	0.4540	+0.116%	$923K	$2.6M	50x	as long as short