Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.007%

Price spread now: Bybit against Deribit−0.067%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now −0.067%, 7d avg −0.057%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4484	0	get 0.0000% / 1h	21m 20s	$135K	$986K	25x
Short	Bybit WLDUSDT	0.4481	0.0100	get 0.0100% / 8h	21m 20s	$63.4M	$89.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.067%Rate

Funding earned: $21
Price spread: −0.067% → −0.057%: −$0.94
Slippage, 4 orders: −$17.91
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$15.85
Costs to cover: 0.359%
Break-even: 12.3 days

Slippage from Deribit: live order book, 8 min ago; Bybit: 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 Deribit live order book, 8 min ago	5.56 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.12 bp	9.1 bp −$9	16.5 bp −$165	100.4 bp −$10.0K	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
Injective WLD/USDC PERP	−0.0309%	1h	0.4531	+1.048%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0032%	1h	0.4486	+0.056%	$234K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4485	+0.026%	$153K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4483	−0.022%	$64K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4484	long leg	$135K	$986K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4485	+0.019%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4484	0.000%	$27K	$690K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4486	+0.056%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4487	+0.068%	$53K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4483	−0.014%	$85.9M	$334.3M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDTshort	+0.0100%	8h	0.4481	−0.067%	$63.4M	$89.9M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4483	−0.022%	$33.9M	$150.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4484	0.000%	$7.0M	$35.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4485	+0.022%	$40.8M	$56.8M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4486	+0.045%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4483	−0.022%	$29.6M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4484	0.000%	—	$72.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4486	+0.042%	$131K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4484	−0.007%	$2.0M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4485	+0.027%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4488	+0.089%	$597K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4490	+0.134%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4488	+0.094%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4492	+0.178%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4483	−0.022%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4481	−0.067%	$820K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4486	+0.045%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4482	−0.049%	$207K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4485	+0.022%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4483	−0.027%	—	—	20x	as long as short
Lighter WLD	+0.0136%	1h	0.4489	+0.109%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4491	+0.163%	$4K	$43K	10x	as long as short
01 Exchange WLDUSD	+0.0208%	1h	0.4489	+0.116%	$321	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4484	+0.008%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4483	−0.022%	$4.8M	$904K	75x	as long as short
Hyperliquid WLD	+0.0386%	1h	0.4490	+0.134%	$49.9M	$43.2M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4493	+0.201%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0460%	1h	0.4486	+0.049%	$859K	$2.8M	50x	as long as short