Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0413%/8h= −45.2% APRpaid last 24h −0.050%

Price spread now: BingX against Hyperliquid−0.152%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Hyperliquid Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 7 days+0.147%+$15 · spread now −0.152%, 7d avg −0.088%

Together, before fees+0.075%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and BingX is 0.065% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.088%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.7% 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	Hyperliquid WLD	0.4534	0.0513	pay 0.0064% / 1h	8m 49s	$49.8M	$43.7M	10x
Short	BingX WLD-USDT	0.4527	0.0100	get 0.0100% / 8h	1h 08m	—	$69.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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 HyperliquidbpFee BingXbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$86.67
Price spread: −0.152% → −0.088%: −$6.46
Slippage, 4 orders: −$12.97
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$125.1
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; BingX: live order book, 15 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 Hyperliquid live order book, 5 min ago	0.55 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	1.10 bp	9.6 bp −$10	13.1 bp −$131	34.9 bp −$3,493	114.6 bp −$57.3K

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
Nado WLD-PERP	−0.0015%	1h	0.4529	−0.108%	$238K	$169K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4525	−0.193%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4526	−0.174%	$51K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4530	−0.086%	$150K	$954K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4527	−0.159%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4528	−0.130%	$27K	$758K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4528	−0.130%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4526	−0.165%	$49K	$537K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4528	−0.130%	$86.3M	$335.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4527	−0.152%	$64.5M	$89.5M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4527	−0.152%	$34.2M	$152.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4528	−0.130%	$7.1M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4527	−0.152%	$39.9M	$57.7M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4524	−0.218%	$6.7M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4527	−0.152%	$29.9M	$31.0M	75x	as long as short
BingX WLD-USDTshort	+0.0100%	8h	0.4527	−0.152%	—	$69.9M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4529	−0.117%	$134K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4526	−0.182%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4528	−0.128%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4528	−0.128%	$596K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4528	−0.130%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4529	−0.108%	$47K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4530	−0.086%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4528	−0.130%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4526	−0.174%	$828K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4530	−0.086%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4523	−0.247%	$210K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4529	−0.108%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.039%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4526	−0.169%	—	—	20x	as long as short
Lighter WLD	+0.0136%	1h	0.4533	−0.015%	$4.9M	$2.9M	10x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4527	−0.141%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4529	−0.101%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4527	−0.161%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4526	−0.174%	$4.8M	$914K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4533	−0.020%	$273K	$1.6M	50x	as long as short
Hyperliquid WLDlong	+0.0513%	1h	0.4534	long leg	$49.8M	$43.7M	10x
Kraken Futures PF_WLDUSD	+0.1045%	1h	0.4531	−0.072%	$875K	$2.9M	50x	as long as short