Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.084%

Price spread now: BingX against Coinbase International−0.244%7-day average — · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and BingX is 0.244% cheaper against Coinbase International than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.066% in total (about -3.4% 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	Coinbase International WLD-PERP-INTX	0.4513	0.0440	pay 0.0055% / 1h	35m 20s	$268K	$1.6M	50x
Short	BingX WLD-USDT	0.4502	0.0100	get 0.0100% / 8h	7h 35m	—	$20.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −0.244%Rate

Funding earned: −$71.4
Price spread: −0.244% → 0.000%: −$24.37
Slippage, 4 orders: −$35.32
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$151.1
Costs to cover: 0.553%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; BingX: live order book, 3 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 Coinbase International live order book, 3 min ago	6.65 bp	22.7 bp −$23	29.7 bp −$297	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	2.22 bp	7.2 bp −$7	10.2 bp −$102	25.5 bp −$2,549	97.4 bp −$48.7K

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
Nado WLD-PERP	−0.0012%	1h	0.4503	−0.222%	$234K	$175K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4509	−0.089%	$36K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4501	−0.266%	$117K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4502	−0.247%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4500	−0.288%	$27K	$591K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4503	−0.229%	$226K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4506	−0.154%	$54K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4502	−0.244%	$86.1M	$333.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4499	−0.310%	$63.6M	$89.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4499	−0.310%	$34.1M	$148.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLD_USDT	+0.0100%	8h	0.4501	−0.266%	$7.1M	$34.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4502	−0.244%	$42.0M	$55.9M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4501	−0.266%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4498	−0.332%	$29.7M	$30.9M	75x	as long as short
BingX WLD-USDTshort	+0.0100%	8h	0.4502	−0.244%	—	$20.2M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4507	−0.131%	$131K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4503	−0.227%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4504	−0.190%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4503	−0.222%	$600K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4512	−0.022%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4507	−0.122%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4508	−0.111%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4499	−0.310%	$213	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4505	−0.177%	$825K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4501	−0.266%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4497	−0.358%	$207K	$876K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4501	−0.275%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.111%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4497	−0.359%	—	—	20x	as long as short
Hyperliquid WLD	+0.0137%	1h	0.4507	−0.140%	$49.9M	$43.1M	10x	as long as short
dYdX WLD-USD	+0.0140%	1h	0.4506	−0.160%	$154K	$32K	10x	as long as short
01 Exchange WLDUSD	+0.0176%	1h	0.4511	−0.049%	$323	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4514	+0.013%	$4K	$44K	10x	as long as short
Lighter WLD	+0.0208%	1h	0.4504	−0.202%	$4.9M	$2.9M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4500	−0.279%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4502	−0.244%	$4.4M	$906K	75x	as long as short
Kraken Futures PF_WLDUSD	+0.0304%	1h	0.4501	−0.260%	$864K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTXlong	+0.0440%	1h	0.4513	long leg	$268K	$1.6M	50x