Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.083%

Price spread now: Coinbase International against Bybit+0.415%7-day average +0.085% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$640.638% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 4 days (all we have)+0.276%+$28 · spread now +0.415%, 7d avg +0.085%

Together, before fees+0.397%+$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.330% dearer against Bybit than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.085%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.120% in total (about 6.3% 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	Bybit WLDUSDT	0.4573	0.0100	pay 0.0100% / 8h	5h 07m	$65.4M	$88.6M	50x
Short	Coinbase International WLD-PERP-INTX	0.4592	0.0480	get 0.0060% / 1h	7m 33s	$271K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.415%Rate

Funding earned: $79.8
Price spread: +0.415% → +0.085%: $33.03
Slippage, 4 orders: −$42.77
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $49.05
Costs to cover: 0.638%
Break-even: 2.7 days

Slippage from Bybit: 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 Bybit live order book, 1 min ago	1.09 bp	10.5 bp −$11	20.7 bp −$207	112.1 bp −$11.2K	doesn't fit
Sell Coinbase International live order book, 1 min ago	7.62 bp	18.8 bp −$19	24.1 bp −$241	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	−0.0119%	8h	0.4590	+0.372%	$40K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0030%	8h	0.4577	+0.087%	$7.0M	$11.6M	50x	as long as short
Nado WLD-PERP	−0.0001%	1h	0.4575	+0.033%	$242K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4578	+0.111%	$163K	$26K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4589	+0.346%	$55K	—	150x	as long as short
01 Exchange WLDUSD	+0.0048%	1h	0.4580	+0.157%	$328	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0079%	8h	0.4586	+0.284%	$28K	$890K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4582	+0.187%	$182K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4580	+0.150%	$49K	$522K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4577	+0.087%	$87.1M	$327.5M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDTlong	+0.0100%	8h	0.4573	long leg	$65.4M	$88.6M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4573	0.000%	$34.4M	$148.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4579	+0.131%	$7.2M	$37.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4579	+0.131%	$44.5M	$54.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4574	+0.022%	$30.3M	$29.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4578	+0.109%	—	$67.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4583	+0.210%	$138K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4615	+0.910%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4594	+0.462%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4596	+0.503%	$605K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4590	+0.372%	$50K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4576	+0.057%	$52K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4594	+0.459%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4586	+0.284%	$176	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	+0.284%	$838K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4587	+0.306%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4577	+0.082%	$212K	$955K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4565	−0.181%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4575	+0.036%	—	—	20x	as long as short
Lighter WLD	+0.0144%	1h	0.4583	+0.223%	$5.0M	$2.3M	10x	as long as short
Phoenix WLD	+0.0172%	1h	0.4593	+0.433%	$5K	$57K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0186%	1h	0.4589	+0.350%	$115K	$923K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4594	+0.459%	$5.0M	$801K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4588	+0.322%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0447%	1h	0.4584	+0.241%	$50.3M	$43.1M	10x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0480%	1h	0.4592	+0.415%	$271K	$1.7M	50x
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	+1.378%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0902%	1h	0.4589	+0.347%	$888K	$2.9M	50x	as long as short