Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.032%

Price spread now: Aster against Deribit−0.168%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.168%, 7d avg −0.036%

Together, before fees+0.127%+ Points / potential airdropAster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.132% cheaper against Deribit than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.036%). If the spread goes back, that is −$13 on $10k: about 4.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4673	0	get 0.0000% / 1h	21m 48s	$121K	$917K	25x
Short	Aster WLDUSDT	0.4665	0.0100	get 0.0100% / 8h	6h 21m	$179K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.168%Rate

Funding earned: $21
Price spread: −0.168% → −0.036%: −$13.17
Slippage, 4 orders: −$33.35
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.52
Costs to cover: 0.483%
Break-even: 20.5 days

Slippage from Deribit: live order book, 47 min ago; Aster: 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 Deribit live order book, 47 min ago	5.29 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	4.26 bp	13.6 bp −$14	33.7 bp −$337	doesn't fit	doesn't fit

WLD on 37 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
Injective WLD/USDC PERP	−0.0235%	1h	0.4615	−1.241%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0150%	8h	0.4680	+0.150%	$46K	$4.4M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0050%	8h	0.4667	−0.128%	$7.1M	$11.5M	50x	as long as short
Nado WLD-PERP	−0.0003%	1h	0.4681	+0.160%	$272K	$189K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4667	−0.138%	$166K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4673	long leg	$121K	$917K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4673	0.000%	$56K	—	150x	as long as short
Gate WLD_USDT	+0.0040%	8h	0.4663	−0.214%	$7.3M	$37.7M	75x	as long as short
Orderly PERP_WLD_USDC	+0.0059%	8h	0.4672	−0.021%	$28K	$897K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4715	+0.890%	$5K	$54K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDTshort	+0.0100%	8h	0.4665	−0.168%	$179K	$1.0M	50x
Pacifica WLD	+0.0100%	1h	0.4667	−0.136%	$56K	$506K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4666	−0.150%	$88.7M	$325.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4666	−0.150%	$66.6M	$87.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4668	−0.107%	$35.2M	$152.7M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4668	−0.107%	$46.3M	$55.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4665	−0.171%	$31.0M	$29.4M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4664	−0.193%	—	$67.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4670	−0.060%	$138K	$294K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4705	+0.679%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4708	+0.738%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4686	+0.278%	$622K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4695	+0.471%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4684	+0.240%	$55K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4697	+0.514%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4668	−0.107%	$226	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4668	−0.107%	$884K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4669	−0.086%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4658	−0.326%	$215K	$886K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4672	−0.011%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4681	+0.166%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4673	−0.010%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4683	+0.208%	$335	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4684	+0.235%	$279K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0561%	1h	0.4674	+0.013%	$52.0M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0640%	1h	0.4673	+0.002%	$911K	$2.9M	50x	as long as short
Lighter WLD	+0.0792%	1h	0.4678	+0.098%	$5.3M	$2.1M	10x	as long as short