Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.037%

Price spread now: Deribit against HTX−0.108%7-day average +0.204% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1361.361% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 4 days (all we have)+0.699%+$70 · spread now −0.108%, 7d avg +0.204%

Together, before fees+0.560%+$56 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.311% cheaper against HTX than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of +0.204%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WLD-USDT	0.4644	0.0100	pay 0.0100% / 8h	5h 15m	$849K	$1.9M	50x
Short	Deribit WLD_USDC-PERPETUAL	0.4639	0	get 0.0000% / 1h	15m 42s	$120K	$920K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$21
Price spread: −0.108% → +0.204%: −$31.14
Slippage, 4 orders: −$117.1
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$188.24
Costs to cover: 1.361%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Deribit: live order book, 48 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, 3 min ago	11.83 bp	57.3 bp −$57	324.0 bp −$3,240	doesn't fit	doesn't fit
Sell Deribit live order book, 48 min ago	6.41 bp	18.2 bp −$18	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	−0.0123%	8h	0.4640	−0.086%	$45K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0024%	8h	0.4632	−0.258%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4634	−0.225%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4639	−0.108%	$120K	$920K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4642	−0.048%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0012%	1h	0.4644	0.000%	$269K	$187K	5x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4644	+0.011%	$332	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0076%	8h	0.4637	−0.151%	$28K	$891K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4641	−0.058%	$174K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4636	−0.172%	$49K	$511K	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	0.4635	−0.186%	$88.0M	$326.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4633	−0.237%	$66.2M	$88.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4635	−0.194%	$35.1M	$149.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4640	−0.086%	$7.3M	$37.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4634	−0.215%	$45.8M	$54.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4634	−0.215%	$30.8M	$29.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4635	−0.194%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4639	−0.108%	$134K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4639	−0.116%	$2.2M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4652	+0.182%	$28K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4654	+0.215%	$620K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4663	+0.409%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4642	−0.047%	$55K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4648	+0.086%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4640	−0.086%	$176	$5K	10x	as long as short
HTX WLD-USDTlong	+0.0100%	8h	0.4644	long leg	$849K	$1.9M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4639	−0.108%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4633	−0.242%	$214K	$929K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4639	−0.097%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4639	−0.103%	—	—	20x	as long as short
Lighter WLD	+0.0168%	1h	0.4638	−0.129%	$5.0M	$2.3M	10x	as long as short
Phoenix WLD	+0.0172%	1h	0.4653	+0.198%	$5K	$57K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4637	−0.151%	$4.9M	$805K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4641	−0.065%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0480%	1h	0.4642	−0.037%	$51.7M	$42.7M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4641	−0.065%	$274K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	−0.172%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0892%	1h	0.4642	−0.038%	$899K	$2.9M	50x	as long as short