Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Bybit against OKX−0.022%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.022%, 7d avg +0.007%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.029% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4578	0.0100	pay 0.0100% / 8h	27m 59s	$34.2M	$142.8M	50x
Short	Bybit WLDUSDT	0.4577	0.0100	get 0.0100% / 8h	27m 59s	$65.5M	$82.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.007%: −$2.86
Slippage, 4 orders: −$10.94
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34.8
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 1 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 OKX live order book, 1 min ago	1.09 bp	7.5 bp −$7	14.4 bp −$144	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.09 bp	7.8 bp −$8	17.4 bp −$174	108.3 bp −$10.8K	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	−0.0201%	8h	0.4582	+0.087%	$63K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4584	+0.130%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4581	+0.066%	$113K	$885K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4581	+0.069%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0011%	8h	0.4576	−0.044%	$6.9M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0029%	8h	0.4580	+0.044%	$28K	$908K	10x	as long as short
Nado WLD-PERP	+0.0048%	1h	0.4579	+0.033%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4579	+0.029%	$189K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4583	+0.101%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4579	+0.020%	$86.3M	$301.5M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDTshort	+0.0100%	8h	0.4577	−0.022%	$65.5M	$82.7M	50x
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4578	long leg	$34.2M	$142.8M	50x
Gate WLD_USDT	+0.0100%	8h	0.4577	−0.022%	$7.4M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4578	0.000%	$45.7M	$52.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4576	−0.044%	$30.2M	$25.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4578	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4581	+0.059%	$129K	$272K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4586	+0.174%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4578	+0.010%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4588	+0.210%	$619K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	+0.109%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4584	+0.122%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4587	+0.197%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4580	+0.044%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4585	+0.153%	$854K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4580	+0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4575	−0.073%	$234K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4581	+0.055%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4581	+0.072%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4579	+0.032%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4585	+0.153%	$4.9M	$824K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4580	+0.044%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4586	+0.175%	$328	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.306%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4587	+0.197%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0487%	1h	0.4585	+0.151%	$49.7M	$43.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0718%	1h	0.4582	+0.091%	$905K	$2.7M	50x	as long as short
Lighter WLD	+0.1440%	1h	0.4590	+0.256%	$5.2M	$2.0M	10x	as long as short