Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h −0.054%

Price spread now: Bybit against Injective−1.060%7-day average −0.220% · you buy dearer than you sell

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

Long on Injective Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 3 days (all we have)+0.782%+$78 · spread now −1.060%, 7d avg −0.220%

Together, before fees+0.737%+$74 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.840% cheaper against Injective than usual: you would sell low and buy high (spread −1.060% now, against its 7-day average of −0.220%). If the spread goes back, that is −$84 on $10k: about 16 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WLD/USDC PERP	0.4623	−0.0079	get 0.0010% / 1h	23m 19s	$6K	$185K	5.5x
Short	Bybit WLDUSDT	0.4574	0.0100	get 0.0100% / 8h	1h 23m	$65.5M	$82.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −1.060%Rate

Funding earned: $37.53
Price spread: −1.060% → −0.220%: −$84.02
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$57.51
Costs to cover: 0.110%
Break-even: 17.7 days

Slippage unknown: Injective: live order book, 26 min ago; Bybit: live order book, 6 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, 26 min ago	81.43 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	1.09 bp	10.1 bp −$10	19.5 bp −$195	97.8 bp −$9,778	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	−0.0324%	8h	0.4586	−0.800%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERPlong	−0.0079%	1h	0.4623	long leg	$6K	$185K	5.5x
dYdX WLD-USD	0.0000%	1h	0.4576	−1.007%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4574	−1.060%	$108K	$900K	25x	as long as short
Orderly PERP_WLD_USDC	+0.0001%	8h	0.4573	−1.082%	$28K	$913K	10x	as long as short
KuCoin WLDUSDTM	+0.0002%	8h	0.4574	−1.060%	$7.0M	$10.8M	50x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4575	−1.035%	$57K	—	150x	as long as short
Nado WLD-PERP	+0.0055%	1h	0.4576	−1.027%	$276K	$169K	5x	as long as short
Variational Omni WLD	+0.0074%	8h	0.4588	−0.759%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4578	−0.983%	$200K	$986K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4577	−0.986%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4574	−1.060%	$86.5M	$297.4M	75x	as long as short
Bybit WLDUSDTshort	+0.0100%	8h	0.4574	−1.060%	$65.5M	$82.1M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4572	−1.103%	$34.2M	$141.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4573	−1.082%	$7.4M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4575	−1.038%	$48.9M	$51.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4572	−1.103%	$30.2M	$25.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4574	−1.060%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4582	−0.896%	$127K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4585	−0.829%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4592	−0.675%	$617K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	−0.757%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4576	−1.019%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4581	−0.909%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4573	−1.082%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4577	−0.995%	$864K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4574	−1.060%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4571	−1.122%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4574	−1.060%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4587	−0.774%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4572	−1.094%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4578	−0.973%	$907K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4572	−1.103%	$4.9M	$813K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4580	−0.928%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4574	−1.064%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4583	−0.865%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0796%	1h	0.4580	−0.924%	$49.8M	$43.1M	10x	as long as short
Lighter WLD	+0.0944%	1h	0.4585	−0.828%	$5.2M	$2.1M	10x	as long as short