Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0045%/8h= −4.9% APRpaid last 24h −0.025%

Price spread now: Bybit against Polymarket Perps−0.249%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days−0.050%−$5 · spread now −0.249%, 7d avg −0.009%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.240% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WLD-USD	0.4617	0.0100	pay 0.0013% / 1h	55m 05s	$57K	$1.7M	10x
Short	Bybit WLDUSDT	0.4605	0.0055	get 0.0055% / 8h	2h 55m	$67.7M	$78.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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 Polymarket PerpsbpFee BybitbpOrdersPrice spread, now −0.249%Rate

Funding earned: −$9.4
Price spread: −0.249% → −0.009%: −$23.98
Slippage, 4 orders: −$14.39
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$66.78
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago	2.38 bp	6.4 bp −$6	9.2 bp −$92	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.08 bp	9.9 bp −$10	17.9 bp −$179	89.1 bp −$8,905	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	−0.0340%	8h	0.4618	+0.032%	$31K	$3.7M	1.7x	as long as short
Phoenix WLD	−0.0091%	1h	0.4637	+0.453%	$5K	$52K	10x	as long as short
Variational Omni WLD	−0.0069%	8h	0.4630	+0.303%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0029%	8h	0.4619	+0.054%	$28K	$921K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4625	+0.183%	$158K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4621	+0.097%	$156K	$781K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4618	+0.043%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0013%	8h	0.4615	−0.032%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0033%	8h	0.4601	−0.336%	$34.9M	$137.7M	50x	as long as short
Bybit WLDUSDTshort	+0.0055%	8h	0.4605	−0.249%	$67.7M	$78.6M	50x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLD-PERP	+0.0076%	1h	0.4619	+0.065%	$357K	$127K	5x	as long as short
MEXC WLD_USDT	+0.0084%	8h	0.4618	+0.032%	$54.5M	$46.0M	300x	as long as short
Binance WLDUSDT	+0.0087%	8h	0.4618	+0.024%	$88.3M	$288.4M	75x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4618	+0.039%	$211K	$977K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4624	+0.159%	$55K	$475K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4615	−0.032%	$7.6M	$33.9M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4603	−0.292%	$30.4M	$24.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4617	+0.011%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4619	+0.045%	$131K	$282K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4629	+0.276%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4633	+0.365%	$627K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4632	+0.336%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USDlong	+0.0100%	1h	0.4617	long leg	$57K	$1.7M	10x
SunX WLD-USDT	+0.0100%	8h	0.4621	+0.097%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4620	+0.076%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4618	+0.032%	$869K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4620	+0.076%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4602	−0.314%	$134K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4621	+0.097%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4615	−0.031%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0207%	8h	0.4616	−0.011%	$5.0M	$884K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0223% / S −0.1831%	1h	0.4618	+0.038%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0240%	1h	0.4628	+0.258%	$331	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+0.119%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4628	+0.249%	$280K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0416%	1h	0.4622	+0.117%	$48.1M	$40.5M	10x	as long as short
Lighter WLD	+0.0880%	1h	0.4629	+0.269%	$5.1M	$1.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1079%	1h	0.4622	+0.121%	$927K	$2.5M	50x	as long as short