Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
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 −0.005%
Price spread now: Bitget against Phemex+0.088%7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1611.613% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.041%−$4 on $10k
Price spread, last 3 days (all we have)−0.875%−$88 · spread now +0.088%, 7d avg −0.052%
Together, before fees−0.917%−$92 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: Bitget is 0.139% dearer against Phemex than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex WLDUSDT0.45600.0100pay 0.0100% / 8h2h 48m$1.9M$3.8M50x
ShortBitget WLDUSDT0.45640.0100get 0.0100% / 8h2h 48m$30.2M$25.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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

Funding earned
$0
Price spread: +0.088% → −0.052%
$13.94
Slippage, 4 orders
−$137.34
Fee Phemex: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$147.4
Costs to cover
1.613%
Break-even
never at this rate
Slippage from Phemex: live order book, 5 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 5 min ago15.22 bp55.6 bp −$56doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago1.09 bp11.2 bp −$1124.4 bp −$24466.9 bp −$6,690doesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXWLDPERP−0.0495%8h0.4555−0.110%$37K$3.8M1.7xas long as short
Variational Omni WLD−0.0055%8h0.4588+0.604%$2.1M$1.7Mas long as short
Orderly PERP_WLD_USDC−0.0028%8h0.4556−0.088%$28K$919K10xas long as short
dYdX WLD-USD0.0000%1h0.4561+0.022%$156K$6K10xas long as short
Deribit WLD_USDC-PERPETUAL0.0000%1h0.4557−0.066%$153K$785K25xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4555−0.110%$57K150xas long as short
KuCoin WLDUSDTM+0.0016%8h0.4556−0.088%$7.0M$10.7M50xas long as short
OKX WLD-USDT-SWAP+0.0043%8h0.4566+0.132%$34.5M$137.3M50xas long as short
Phoenix WLD+0.0052%1h0.4585+0.557%$5K$52K10xas long as short
Nado WLD-PERP+0.0066%1h0.4552−0.164%$272K$168K5xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit WLDUSDT+0.0072%8h0.4567+0.154%$67.2M$78.7M50xas long as short
ApeX Omni WLDUSDT+0.0084%1h0.4590+0.658%$55K$227K50xas long as short
MEXC WLD_USDT+0.0090%8h0.4566+0.132%$53.2M$46.6M300xas long as short
Binance WLDUSDT+0.0094%8h0.4565+0.110%$86.4M$290.6M75xas long as short
Aster WLDUSDT+0.0100%8h0.4560−0.009%$209K$977K50xas long as short
Pacifica WLD+0.0100%1h0.4561+0.022%$53K$473K5xas long as short
Gate WLD_USDT+0.0100%8h0.4564+0.088%$7.5M$34.1M75xas long as short
Bitget WLDUSDTshort+0.0100%8h0.4564+0.088%$30.2M$25.1M75x
BingX WLD-USDC+0.0100%8h0.4567+0.154%$1.3Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4559−0.013%$128K$281K10xas long as short
edgeX WLDUSDC+0.0100%4h0.4599+0.858%$27K$315K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4583+0.496%$620K$1.9M10xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4552−0.173%$56K$1.7M10xas long as short
SunX WLD-USDT+0.0100%8h0.4566+0.132%$23K$1.5M50xas long as short
SoDEX WLD-USD+0.0100%1h0.45600.000%$199$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4558−0.044%$856K$1.7M50xas long as short
Phemex WLDUSDTlong+0.0100%8h0.4560long leg$1.9M$3.8M50x
Extended WLD-USD+0.0104%1h0.4564+0.079%$133K$745K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4562+0.044%$31K$5K3xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4552−0.173%20xas long as short
BloFin WLD-USDT+0.0213%8h0.4556−0.088%$5.0M$875K75xas long as short
GMX WLD/USD [ETH-USDC]L +0.0222% / S −0.1831%1h0.4554−0.134%$9K100xas long as short
Hyperliquid WLD+0.0270%1h0.4563+0.068%$47.4M$40.4M10xas long as short
Injective WLD/USDC PERP+0.0374%1h0.4622+1.360%$6K$139K5.5xas long as short
Coinbase International WLD-PERP-INTX+0.0400%1h0.4564+0.088%$275K$1.6M50xas long as short
01 Exchange WLDUSD+0.0720%1h0.4561+0.018%$326$775xas long as short
Kraken Futures PF_WLDUSD+0.1092%1h0.4566+0.138%$919K$2.5M50xas long as short
Lighter WLD+0.1112%1h0.4572+0.263%$5.1M$2.0M10xas long as short