Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h −0.013%

Price spread now: Deribit against KuCoin−0.175%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.580%+$58 · spread now −0.175%, 7d avg +0.056%

Together, before fees+0.489%+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.231% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.175% now, against its 7-day average of +0.056%). If the spread goes back, that is −$23 on $10k: about 22 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4571	−0.0035	get 0.0035% / 8h	4h 44m	$7.0M	$11.7M	50x
Short	Deribit WLD_USDC-PERPETUAL	0.4563	0	get 0.0000% / 1h	44m 28s	$115K	$924K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now −0.175%Rate

Funding earned: $7.35
Price spread: −0.175% → +0.056%: −$23.11
Slippage, 4 orders: −$43.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$78.74
Costs to cover: 0.630%
Break-even: 82.0 days

Slippage from KuCoin: live order book, 4 min ago; Deribit: live order book, 14 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 KuCoin live order book, 4 min ago	2.20 bp	28.4 bp −$28	51.5 bp −$515	doesn't fit	doesn't fit
Sell Deribit live order book, 14 min ago	3.28 bp	6.8 bp −$7	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	−0.0106%	8h	0.4564	−0.153%	$62K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0073%	1h	0.4580	+0.197%	$243K	$205K	5x	as long as short
KuCoin WLDUSDTMlong	−0.0035%	8h	0.4571	long leg	$7.0M	$11.7M	50x
dYdX WLD-USD	0.0000%	1h	0.4568	−0.074%	$156K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4563	−0.175%	$115K	$924K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4564	−0.156%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	−0.284%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0032%	1h	0.4581	+0.217%	$328	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0084%	8h	0.4562	−0.197%	$28K	$888K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4578	+0.144%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4565	−0.123%	$189K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4571	+0.011%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4580	+0.189%	$86.8M	$327.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4578	+0.153%	$65.3M	$88.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4580	+0.197%	$34.3M	$149.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4573	+0.044%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4573	+0.044%	$44.4M	$53.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4580	+0.197%	$30.2M	$30.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4574	+0.066%	—	$67.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4563	−0.175%	$135K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4562	−0.204%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4564	−0.150%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4561	−0.218%	$600K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4566	−0.109%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4578	+0.158%	$51K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4571	0.000%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4562	−0.197%	$172	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4570	−0.022%	$836K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4564	−0.153%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4575	+0.083%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4561	−0.219%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4579	+0.167%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4569	−0.035%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0178%	1h	0.4570	−0.020%	$50.1M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4564	−0.153%	$4.9M	$845K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4563	−0.182%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0481%	1h	0.4564	−0.144%	$883K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4573	+0.044%	$268K	$1.7M	50x	as long as short