Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.021%

Price spread now: OKX against Deribit−0.243%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.243%, 7d avg −0.067%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.176% cheaper against Deribit than usual: you would sell low and buy high (spread −0.243% now, against its 7-day average of −0.067%). If the spread goes back, that is −$18 on $10k: about 5.9 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.089% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4523	0	get 0.0000% / 1h	49m 50s	$146K	$1.0M	25x
Short	OKX WLD-USDT-SWAP	0.4512	0.0100	get 0.0100% / 8h	2h 49m	$34.1M	$153.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.243%Rate

Funding earned: $21
Price spread: −0.243% → −0.067%: −$17.59
Slippage, 4 orders: −$15.03
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.62
Costs to cover: 0.320%
Break-even: 16.5 days

Slippage from Deribit: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	4.43 bp	7.9 bp −$8	14.3 bp −$143	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.11 bp	9.4 bp −$9	18.9 bp −$189	290.2 bp −$29.0K	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
Nado WLD-PERP	−0.0036%	1h	0.4526	+0.077%	$240K	$204K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4523	+0.004%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4522	−0.022%	$72K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4523	long leg	$146K	$1.0M	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4524	+0.019%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0038%	8h	0.4509	−0.310%	$6.7M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4529	+0.130%	$324	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0088%	1h	0.4524	+0.015%	$47K	$2.3M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4523	0.000%	$28K	$853K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4513	−0.219%	$225K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4526	+0.066%	$47K	$533K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4512	−0.243%	$85.8M	$337.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4510	−0.287%	$64.2M	$91.8M	50x	as long as short
OKX WLD-USDT-SWAPshort	+0.0100%	8h	0.4512	−0.243%	$34.1M	$153.2M	50x
Gate WLD_USDT	+0.0100%	8h	0.4512	−0.243%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4511	−0.265%	$38.9M	$55.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4510	−0.287%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4511	−0.265%	—	$68.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4514	−0.199%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4526	+0.060%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4514	−0.188%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4521	−0.044%	$593K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4517	−0.133%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4532	+0.199%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4520	−0.066%	$208	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.066%	$826K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4521	−0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4511	−0.270%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4523	0.000%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4525	+0.039%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4523	0.000%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	−0.088%	$6K	$185K	5.5x	as long as short
Lighter WLD	+0.0192%	1h	0.4523	+0.007%	$4.9M	$2.9M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4523	+0.009%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4528	+0.111%	$4.8M	$930K	75x	as long as short
Hyperliquid WLD	+0.0344%	1h	0.4514	−0.203%	$49.0M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0501%	1h	0.4521	−0.049%	$865K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4532	+0.199%	$267K	$1.7M	50x	as long as short