Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0100%/8hpaid last 24h −0.028%

Price spread now: Kalshi against Deribit−0.092%7-day average −0.184% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$410.415% of the position

Long on Deribit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now −0.092%, 7d avg −0.184%

Together, before fees−0.213%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.092% dearer against Deribit than usual: you sell high and buy low (spread −0.092% now, against its 7-day average of −0.184%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4365	0	get 0.0000% / 1h	4m 26s	$123K	$728K	25x
Short	Kalshi KXWLDPERP	0.4361	−0.0100	pay 0.0100% / 8h	4m 26s	$92K	$3.6M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now −0.092%Rate

Funding earned: −$21.03
Price spread: −0.092% → −0.184%: $9.21
Slippage, 4 orders: −$24.45
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$53.27
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from Deribit: live order book, 28 min ago; Kalshi: 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, 28 min ago	4.60 bp	8.1 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	6.88 bp	13.4 bp −$13	25.5 bp −$255	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
Variational Omni WLD	−0.0221%	8h	0.4360	−0.104%	$2.0M	$1.4M	—	as long as short
Bybit WLDUSDT	−0.0181%	8h	0.4366	+0.023%	$62.5M	$67.9M	50x	as long as short
Kalshi KXWLDPERPshort	−0.0100%	8h	0.4361	−0.092%	$92K	$3.6M	1.7x
Nado WLD-PERP	−0.0070%	1h	0.4360	−0.126%	$341K	$145K	5x	as long as short
Phoenix WLD	−0.0055%	1h	0.4360	−0.124%	$2K	$47K	10x	as long as short
MEXC WLD_USDT	−0.0047%	8h	0.4365	0.000%	$43.9M	$42.2M	300x	as long as short
Binance WLDUSDT	−0.0045%	8h	0.4364	−0.013%	$78.4M	$257.4M	75x	as long as short
Orderly PERP_WLD_USDC	−0.0041%	8h	0.4366	+0.023%	$27K	$926K	10x	as long as short
OKX WLD-USDT-SWAP	−0.0040%	8h	0.4365	0.000%	$32.9M	$119.8M	50x	as long as short
KuCoin WLDUSDTM	−0.0037%	8h	0.4364	−0.023%	$7.3M	$9.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange WLDUSD	−0.0024%	1h	0.4368	+0.069%	$312	$77	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4368	+0.069%	$149K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4365	long leg	$123K	$728K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4367	+0.044%	$56K	—	150x	as long as short
Aevo WLD-PERP	+0.0072%	1h	0.4364	−0.027%	$30K	$5K	3x	as long as short
BloFin WLD-USDT	+0.0073%	8h	0.4362	−0.069%	$4.6M	$854K	75x	as long as short
Gate WLD_USDT	+0.0079%	8h	0.4365	0.000%	$7.2M	$32.7M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4367	+0.039%	$43.7M	$36.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4365	+0.004%	$226K	$913K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4367	+0.050%	$58K	$454K	5x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4367	+0.046%	$28.6M	$23.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4364	−0.023%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4366	+0.032%	$130K	$268K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4358	−0.157%	$26K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4362	−0.067%	$586K	$1.8M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4360	−0.115%	$60K	$223K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4366	+0.027%	$57K	$1.8M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4367	+0.046%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4363	−0.046%	$188	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4359	−0.137%	$808K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4365	0.000%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4364	−0.017%	$149K	$532K	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4344	−0.481%	$6K	$90K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4364	−0.020%	—	—	20x	as long as short
Lighter WLD	+0.0200%	1h	0.4373	+0.181%	$4.7M	$1.3M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0206% / S −0.1501%	1h	0.4367	+0.037%	$7K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0352%	1h	0.4361	−0.092%	$262K	$1.4M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0463%	1h	0.4366	+0.029%	$881K	$2.2M	50x	as long as short