Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h −0.006%

Price spread now: Deribit against Orderly+0.066%7-day average +0.032% · you sell dearer than you buy

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

Long on Orderly Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.066%, 7d avg +0.032%

Together, before fees−0.063%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.034% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WLD_USDC	0.4528	0.0099	pay 0.0099% / 8h	1h 07m	$27K	$758K	10x
Short	Deribit WLD_USDC-PERPETUAL	0.4531	0.0192	get 0.0024% / 1h	7m 33s	$150K	$954K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Orderly. 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 OrderlybpFee DeribitbpOrdersPrice spread, now +0.066%Rate

Funding earned: $19.49
Price spread: +0.066% → +0.032%: $3.45
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $9.93
Costs to cover: 0.130%
Break-even: 3.4 days

Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 26 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 Orderly no order-book sample	—	—	—	—	—
Sell Deribit live order book, 26 min ago	4.43 bp	7.9 bp −$8	15.8 bp −$158	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0017%	1h	0.4526	−0.033%	$238K	$169K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4526	−0.053%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4527	−0.022%	$51K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4528	−0.005%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDClong	+0.0099%	8h	0.4528	long leg	$27K	$758K	10x
Aster WLDUSDT	+0.0100%	8h	0.4528	+0.008%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4524	−0.079%	$49K	$537K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4529	+0.028%	$86.3M	$334.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4530	+0.044%	$64.6M	$89.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4524	−0.088%	$34.2M	$152.0M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLD_USDT	+0.0100%	8h	0.4525	−0.066%	$7.1M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4524	−0.088%	$40.1M	$57.7M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4521	−0.155%	$6.6M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4525	−0.066%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4524	−0.088%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4531	+0.064%	$135K	$292K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4526	−0.052%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4525	−0.056%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4530	+0.045%	$597K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4529	+0.022%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4527	−0.027%	$47K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4533	+0.110%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4529	+0.022%	$213	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4526	−0.044%	$828K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4529	+0.022%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4522	−0.128%	$208K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4531	+0.055%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.170%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4526	−0.039%	—	—	20x	as long as short
Lighter WLD	+0.0136%	1h	0.4528	0.000%	$4.9M	$2.9M	10x	as long as short
01 Exchange WLDUSD	+0.0136%	1h	0.4531	+0.055%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4529	+0.029%	$5K	$44K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	+0.0192%	1h	0.4531	+0.066%	$150K	$954K	25x
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4529	+0.019%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4526	−0.044%	$4.8M	$914K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4530	+0.044%	$273K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0507%	1h	0.4528	−0.004%	$49.7M	$43.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1045%	1h	0.4532	+0.078%	$875K	$2.9M	50x	as long as short