Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%

Price spread now: Deribit against Gate−0.044%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.508%+$51 · spread now −0.044%, 7d avg +0.050%

Together, before fees+0.448%+$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.093% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4590	0.0100	pay 0.0100% / 8h	4h 22m	$7.2M	$37.0M	75x
Short	Deribit WLD_USDC-PERPETUAL	0.4588	0	get 0.0000% / 1h	22m 57s	$119K	$942K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$21
Price spread: −0.044% → +0.050%: −$9.33
Slippage, 4 orders: −$33.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$85.95
Costs to cover: 0.556%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; Deribit: live order book, 36 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 Gate live order book, 6 min ago	1.09 bp	17.9 bp −$18	40.1 bp −$401	56.6 bp −$5,661	124.6 bp −$62.3K
Sell Deribit live order book, 36 min ago	3.28 bp	6.8 bp −$7	doesn't fit	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
Kalshi KXWLDPERP	−0.0100%	8h	0.4588	−0.044%	$39K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0040%	1h	0.4587	−0.054%	$243K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0011%	8h	0.4588	−0.044%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4586	−0.094%	$156K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4588	−0.044%	$119K	$942K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4587	−0.070%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4544	−1.002%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0093%	8h	0.4587	−0.065%	$28K	$886K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4597	+0.148%	$5.0M	$2.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4591	+0.012%	$210K	$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	0.4588	−0.044%	$49K	$527K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4591	+0.022%	$87.0M	$328.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4590	0.000%	$65.3M	$89.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4589	−0.022%	$34.4M	$150.0M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4590	long leg	$7.2M	$37.0M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4590	0.000%	$44.0M	$54.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4589	−0.022%	$30.3M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4591	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4592	+0.035%	$137K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4590	−0.008%	$2.2M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4592	+0.054%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4596	+0.131%	$608K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4598	+0.174%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4585	−0.100%	$44K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4592	+0.044%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4590	0.000%	$177	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.087%	$838K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4590	0.000%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4587	−0.058%	$221K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4591	+0.021%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4586	−0.083%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4589	−0.026%	$328	$80	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4598	+0.168%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4588	−0.044%	$4.9M	$833K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4587	−0.072%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0332%	1h	0.4598	+0.168%	$50.5M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0478%	1h	0.4592	+0.052%	$887K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4608	+0.392%	$270K	$1.7M	50x	as long as short