Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%

Price spread now: Bybit against Pacifica−0.043%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.043%, 7d avg −0.056%

Together, before fees−0.127%+ Points / potential airdropPacifica: Active · farm board−$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica WLD	0.4610	0.0100	pay 0.0013% / 1h	0m 11s	$53K	$481K	5x
Short	Bybit WLDUSDT	0.4608	0.0100	get 0.0100% / 8h	1h 00m	$66.0M	$82.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Pacifica. 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 PacificabpFee BybitbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → −0.056%: $1.23
Slippage, 4 orders: −$21.16
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$38.93
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from Pacifica: live order book, 18 min ago; Bybit: live order book, 4 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 Pacifica live order book, 18 min ago	1.09 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.09 bp	9.5 bp −$10	20.6 bp −$206	120.7 bp −$12.1K	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	−0.0263%	8h	0.4607	−0.065%	$56K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	−0.694%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4610	+0.008%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4608	−0.043%	$109K	$883K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4609	−0.018%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0008%	8h	0.4608	−0.043%	$28K	$911K	10x	as long as short
KuCoin WLDUSDTM	+0.0009%	8h	0.4605	−0.108%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0050%	1h	0.4607	−0.065%	$277K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4609	−0.029%	$196K	$999K	50x	as long as short
Pacifica WLDlong	+0.0100%	1h	0.4610	long leg	$53K	$481K	5x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4607	−0.055%	$87.4M	$297.9M	75x	as long as short
Bybit WLDUSDTshort	+0.0100%	8h	0.4608	−0.043%	$66.0M	$82.2M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4605	−0.108%	$34.5M	$142.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4607	−0.065%	$7.5M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4607	−0.065%	$49.7M	$52.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4605	−0.108%	$30.5M	$25.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4607	−0.065%	—	$67.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4608	−0.035%	$130K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4603	−0.154%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4606	−0.093%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4606	−0.087%	$619K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4604	−0.130%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4611	+0.030%	$41K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4612	+0.043%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4607	−0.065%	$202	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4606	−0.087%	$869K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4608	−0.043%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4606	−0.096%	$238K	$858K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4610	0.000%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4608	−0.033%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4608	−0.047%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0185%	1h	0.4611	+0.021%	$925K	$2.7M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4608	−0.043%	$4.9M	$821K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4613	+0.072%	$330	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0261% / S −0.2221%	1h	0.4608	−0.044%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4616	+0.130%	$274K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0659%	1h	0.4613	+0.056%	$50.1M	$43.0M	10x	as long as short
Lighter WLD	+0.1080%	1h	0.4618	+0.171%	$5.2M	$2.1M	10x	as long as short