Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%

Price spread now: Bitget against Deribit−0.110%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)−0.248%−$25 · spread now −0.110%, 7d avg −0.084%

Together, before fees−0.102%−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.026% cheaper against Deribit than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of −0.084%). If the spread goes back, that is −$3 on $10k: about 21 hours 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	0.4565	0	get 0.0000% / 1h	28m 50s	$124K	$960K	25x
Short	Bitget WLDUSDT	0.4560	0.0100	get 0.0100% / 8h	3h 28m	$30.1M	$30.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.110%Rate

Funding earned: $21
Price spread: −0.110% → −0.084%: −$2.59
Slippage, 4 orders: −$21.08
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$21.67
Costs to cover: 0.401%
Break-even: 14.2 days

Slippage from Deribit: live order book, 25 min ago; Bitget: 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 Deribit live order book, 25 min ago	7.59 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	1.10 bp	7.9 bp −$8	24.0 bp −$240	55.0 bp −$5,495	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
Nado WLD-PERP	−0.0034%	1h	0.4569	+0.088%	$242K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4574	+0.188%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4576	+0.241%	$50K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4565	long leg	$124K	$960K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4568	+0.058%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0023%	8h	0.4559	−0.131%	$6.9M	$11.7M	50x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4567	+0.033%	$209K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4574	+0.197%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4562	−0.066%	$87.0M	$329.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4559	−0.131%	$65.0M	$89.6M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4560	−0.110%	$34.5M	$151.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4561	−0.088%	$7.3M	$36.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4561	−0.088%	$41.5M	$54.7M	300x	as long as short
Bitget WLDUSDTshort	+0.0100%	8h	0.4560	−0.110%	$30.1M	$30.1M	75x
BingX WLD-USDC	+0.0100%	8h	0.4561	−0.088%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4563	−0.035%	$136K	$303K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4580	+0.322%	$2.2M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4572	+0.163%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4578	+0.288%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	+0.329%	$43K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4565	−0.007%	$39K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4566	+0.022%	$28K	$867K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4573	+0.175%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4567	+0.044%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	+0.044%	$835K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4566	+0.022%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4557	−0.171%	$217K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4566	+0.022%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4565	−0.008%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.241%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4584	+0.421%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4567	+0.044%	$4.9M	$893K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4566	+0.032%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4571	+0.136%	$327	$55	5x	as long as short
Hyperliquid WLD	+0.0411%	1h	0.4568	+0.057%	$50.2M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0520%	1h	0.4567	+0.047%	$888K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4578	+0.285%	$267K	$1.6M	50x	as long as short
Lighter WLD	+0.0808%	1h	0.4574	+0.204%	$5.2M	$2.6M	10x	as long as short