Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.031%

Price spread now: Deribit against HTX+0.022%7-day average +0.189% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$740.738% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)+0.380%+$38 · spread now +0.022%, 7d avg +0.189%

Together, before fees+0.245%+$25 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 0.167% cheaper against HTX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.189%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WLD-USDT	0.4487	0.0100	pay 0.0100% / 8h	5h 56m	$823K	$1.2M	50x
Short	Deribit WLD_USDC-PERPETUAL	0.4488	0	get 0.0000% / 1h	56m 53s	$102K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against HTX. 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 HTXbpFee DeribitbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$21
Price spread: +0.022% → +0.189%: −$16.69
Slippage, 4 orders: −$54.84
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$111.53
Costs to cover: 0.738%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Deribit: 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 HTX live order book, 5 min ago	5.57 bp	39.7 bp −$40	305.0 bp −$3,050	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	3.34 bp	6.8 bp −$7	14.0 bp −$140	doesn't fit	doesn't fit

WLD on 38 exchanges

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
Kraken Futures PF_WLDUSD	−0.0192%	1h	0.4490	+0.056%	$876K	$2.6M	50x	as long as short
Nado WLD-PERP	−0.0098%	1h	0.4483	−0.089%	$235K	$159K	5x	as long as short
Bybit WLDUSDT	−0.0087%	8h	0.4484	−0.067%	$63.9M	$84.8M	50x	as long as short
Gate WLD_USDT	−0.0071%	8h	0.4485	−0.045%	$7.0M	$30.9M	75x	as long as short
Polymarket Perps WLD-USD	−0.0069%	1h	0.4479	−0.169%	$49K	$2.6M	10x	as long as short
01 Exchange WLDUSD	−0.0032%	1h	0.4487	−0.007%	$321	$55	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4487	−0.008%	$153K	$31K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4486	−0.022%	$51K	$4.2M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4488	+0.022%	$102K	$1.1M	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4488	+0.033%	$65K	—	150x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	−0.223%	$6K	$185K	5.5x	as long as short
KuCoin WLDUSDTM	+0.0074%	8h	0.4484	−0.067%	$6.6M	$10.4M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0090%	8h	0.4487	0.000%	$27K	$351K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4493	+0.131%	$4.9M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4489	+0.049%	$49.5M	$30.0M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4489	+0.046%	$211K	$884K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4486	−0.022%	$58K	$498K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4484	−0.058%	$85.1M	$312.1M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4485	−0.045%	$34.2M	$141.0M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4484	−0.067%	$42.8M	$54.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4485	−0.045%	$29.7M	$28.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4486	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4487	−0.009%	$128K	$271K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4481	−0.124%	$2.1M	$1.4M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4484	−0.062%	$27K	$323K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4492	+0.111%	$594K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4488	+0.022%	$59K	$242K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4489	+0.045%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4487	0.000%	$233	$5K	10x	as long as short
HTX WLD-USDTlong	+0.0100%	8h	0.4487	long leg	$823K	$1.2M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4487	0.000%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4482	−0.111%	$212K	$659K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4488	+0.022%	$30K	$500	3x	as long as short
Phoenix WLD	+0.0123%	1h	0.4492	+0.105%	$4K	$40K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4482	−0.103%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4488	+0.024%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4483	−0.089%	$4.8M	$908K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4489	+0.045%	$273K	$978K	50x	as long as short