Funding you earn now, next payment 00:00 UTC−0.0322%/8h= −35.2% APRnext payment −$3.22 per $10,000 · paid last 24h −0.044%
Price spread now: Kalshi against Bybit+0.458%51s7-day average −0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as 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−$570.571% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 7 days−0.265%−$26 · spread now +0.458%, 7d avg −0.102%
=The price spread pays, funding is against you. Kalshi is 0.561% dearer against Bybit than usual: you sell high and buy low (spread +0.458% now, against its 7-day average of −0.102%): +$56 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5.8 days. At the pace of the last 7 days (−0.200% in total) that is about 20 days. The two prices were read 51 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 -0.200% in total (about -10.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.22 per $10,000. 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 | 0.4583 | 0.0100 | pay 0.0100% / 8h | 38m 26s | $65.6M | $82.6M | 50x |
| Short | Kalshi KXWLDPERP | 0.4604 | −0.0222 | pay 0.0222% / 8h | 4h 38m | $48K | $3.9M | 1.7x |
Bybit WLDUSDT
Kalshi KXWLDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$67.52
- Price spread: +0.458% → −0.102%
- $56.07
- Slippage, 4 orders
- −$36.07
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$68.52
- Costs to cover
- 0.571%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; Kalshi: live order book, 5 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, 6 min ago | 1.08 bp | 8.8 bp −$9 | 16.7 bp −$167 | 124.7 bp −$12.5K | doesn't fit |
| Sell Kalshi live order book, 5 min ago | 1.08 bp | 32.1 bp −$32 | 40.6 bp −$406 | 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 KXWLDPERPshort | −0.0222% | 8h | 0.4604 | +0.458% | $48K | $3.9M | 1.7x | |
| dYdX WLD-USD | 0.0000% | 1h | 0.4587 | +0.086% | $164K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4587 | +0.087% | $111K | $883K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4586 | +0.071% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0020% | 8h | 0.4586 | +0.065% | $7.0M | $10.9M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0022% | 8h | 0.4585 | +0.044% | $28K | $909K | 10x | as long as short |
| Nado WLD-PERP | +0.0067% | 1h | 0.4585 | +0.044% | $276K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4591 | +0.168% | $190K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4588 | +0.103% | $53K | $483K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4586 | +0.073% | $86.7M | $300.8M | 75x | as long as short |
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Nado WLD-PERP
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDTlong | +0.0100% | 8h | 0.4583 | long leg | $65.6M | $82.6M | 50x | |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4583 | 0.000% | $34.2M | $142.7M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4585 | +0.044% | $7.5M | $35.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4587 | +0.087% | $46.1M | $52.5M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4583 | 0.000% | $30.2M | $25.7M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4585 | +0.044% | — | $67.0M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4590 | +0.146% | $130K | $270K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4603 | +0.435% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4602 | +0.410% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4604 | +0.466% | $621K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4606 | +0.502% | $55K | $228K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4591 | +0.179% | $45K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4590 | +0.153% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4586 | +0.065% | $212 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4587 | +0.087% | $855K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4592 | +0.196% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4582 | −0.017% | $234K | $845K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4586 | +0.068% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0104% | 1h | 0.4602 | +0.415% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4586 | +0.075% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4591 | +0.175% | $4.9M | $825K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4585 | +0.040% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0296% | 1h | 0.4592 | +0.199% | $329 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0373% | 1h | 0.4612 | +0.633% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4593 | +0.218% | $272K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0593% | 1h | 0.4594 | +0.240% | $49.9M | $43.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0717% | 1h | 0.4589 | +0.133% | $906K | $2.6M | 50x | as long as short |
| Lighter WLD | +0.1552% | 1h | 0.4599 | +0.347% | $5.2M | $2.0M | 10x | as long as short |
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Phoenix WLD
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD