Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.049%

Price spread now: Coinbase International against Bitget+0.609%47s7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$660.657% of the position

Long on Bitget Short on Coinbase International

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)−0.512%−$51 · spread now +0.609%, 7d avg +0.106%

Together, before fees−0.472%−$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.503% dearer against Bitget than usual: you sell high and buy low: +$50 more if the spread goes back to its 7-day average of +0.106%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WLDUSDT	0.4597	0.0100	pay 0.0100% / 8h	42m 25s	$30.3M	$25.7M	75x
Short	Coinbase International WLD-PERP-INTX	0.4625	0.0440	get 0.0055% / 1h	42m 25s	$274K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now +0.609%Rate

Funding earned: $71.4
Price spread: +0.609% → +0.106%: $50.27
Slippage, 4 orders: −$43.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $55.97
Costs to cover: 0.657%
Break-even: 1.5 days

Slippage from Bitget: live order book, 1 min ago; Coinbase International: 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 Bitget live order book, 1 min ago	1.09 bp	11.4 bp −$11	27.0 bp −$270	90.3 bp −$9,032	doesn't fit
Sell Coinbase International live order book, 1 min ago	4.33 bp	20.2 bp −$20	24.9 bp −$249	doesn't fit	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	−0.0228%	8h	0.4613	+0.348%	$39K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4600	+0.063%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4610	+0.283%	$112K	$883K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4598	+0.026%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0016%	8h	0.4609	+0.261%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTM	+0.0018%	8h	0.4596	−0.022%	$7.0M	$10.9M	50x	as long as short
Nado WLD-PERP	+0.0071%	1h	0.4597	+0.011%	$277K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4601	+0.083%	$190K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4600	+0.059%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4600	+0.061%	$87.1M	$300.1M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4597	0.000%	$65.8M	$82.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4597	0.000%	$34.4M	$142.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4598	+0.022%	$7.5M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4597	0.000%	$46.5M	$52.3M	300x	as long as short
Bitget WLDUSDTlong	+0.0100%	8h	0.4597	long leg	$30.3M	$25.7M	75x
BingX WLD-USDC	+0.0100%	8h	0.4597	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4610	+0.289%	$129K	$270K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4646	+1.064%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4634	+0.811%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4625	+0.609%	$624K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4631	+0.740%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4600	+0.072%	$44K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4615	+0.392%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4608	+0.239%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4612	+0.326%	$859K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4609	+0.261%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4596	−0.018%	$236K	$859K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4612	+0.321%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4654	+1.231%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4595	−0.045%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4612	+0.326%	$4.9M	$829K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4597	+0.003%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4602	+0.111%	$329	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	+0.326%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0440%	1h	0.4625	+0.609%	$274K	$1.7M	50x
Hyperliquid WLD	+0.0635%	1h	0.4604	+0.159%	$50.1M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0713%	1h	0.4614	+0.359%	$918K	$2.6M	50x	as long as short
Lighter WLD	+0.1624%	1h	0.4613	+0.348%	$5.2M	$2.0M	10x	as long as short