Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.031%

Price spread now: Bitget against Injective−0.132%7-day average −0.233% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 3 days (all we have)−0.262%−$26 · spread now −0.132%, 7d avg −0.233%

Together, before fees−0.224%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.101% dearer against Injective than usual: you sell high and buy low (spread −0.132% now, against its 7-day average of −0.233%): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 29 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% 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	Injective WLD/USDC PERP	0.4542	0.0374	pay 0.0047% / 1h	15m 07s	$6K	$185K	5.5x
Short	Bitget WLDUSDT	0.4536	0.0100	get 0.0100% / 8h	2h 15m	$30.1M	$25.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −0.132%Rate

Funding earned: −$57.53
Price spread: −0.132% → −0.233%: $10.08
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$59.47
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 39 min ago; Bitget: live order book, 4 min ago. Net counts fees only.

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 Injective live order book, 39 min ago	49.15 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.20 bp	11.3 bp −$11	13.4 bp −$134	36.9 bp −$3,689	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	−0.066%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0019%	8h	0.4536	−0.132%	$28K	$917K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4535	−0.160%	$155K	$6K	10x	as long as short
KuCoin WLDUSDTM	0.0000%	8h	0.4533	−0.198%	$7.0M	$10.7M	50x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4540	−0.044%	$123K	$911K	25x	as long as short
Variational Omni WLD	+0.0001%	8h	0.4531	−0.236%	$2.1M	$1.6M	—	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4536	−0.122%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0035%	1h	0.4531	−0.253%	$270K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4542	−0.002%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0078%	8h	0.4534	−0.176%	$33.8M	$137.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0087%	8h	0.4535	−0.144%	$85.2M	$292.9M	75x	as long as short
MEXC WLD_USDT	+0.0090%	8h	0.4538	−0.088%	$53.3M	$47.8M	300x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4540	−0.042%	$46.5M	$41.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4538	−0.097%	$215K	$982K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4532	−0.220%	$51K	$482K	5x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4536	−0.132%	$64.7M	$80.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4535	−0.154%	$7.4M	$34.8M	75x	as long as short
Bitget WLDUSDTshort	+0.0100%	8h	0.4536	−0.132%	$30.1M	$25.2M	75x
BingX WLD-USDC	+0.0100%	8h	0.4536	−0.132%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4539	−0.070%	$129K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4539	−0.064%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4539	−0.066%	$609K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4540	−0.044%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4530	−0.269%	$51K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4536	−0.132%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4536	−0.132%	$198	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4535	−0.154%	$855K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4538	−0.088%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4535	−0.156%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4539	−0.069%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4529	−0.280%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0207%	8h	0.4535	−0.154%	$4.9M	$806K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0216% / S −0.1712%	1h	0.4537	−0.116%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0328%	1h	0.4534	−0.183%	$324	$77	5x	as long as short
Injective WLD/USDC PERPlong	+0.0374%	1h	0.4542	long leg	$6K	$185K	5.5x
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4540	−0.044%	$279K	$1.6M	50x	as long as short
Lighter WLD	+0.0968%	1h	0.4548	+0.125%	$5.1M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1099%	1h	0.4540	−0.038%	$923K	$2.6M	50x	as long as short