Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0335%/8h= +36.7% APRpaid last 24h −0.048%

Price spread now: Bybit against Injective+0.193%7-day average −0.216% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 3 days (all we have)−0.547%−$55 · spread now +0.193%, 7d avg −0.216%

Together, before fees−0.578%−$58 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bybit is 0.408% dearer against Injective than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of −0.216%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WLD/USDC PERP	0.4666	−0.0235	get 0.0029% / 1h	2m 56s	$6K	$185K	5.5x
Short	Bybit WLDUSDT	0.4675	0.0100	get 0.0100% / 8h	6h 02m	$66.7M	$87.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Injective. 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 InjectivebpFee BybitbpOrdersPrice spread, now +0.193%Rate

Funding earned: $70.37
Price spread: +0.193% → −0.216%: $40.84
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $100.19
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Injective: live order book, 31 min ago; Bybit: live order book, 1 min ago. Net counts fees only.

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 Injective live order book, 31 min ago	61.80 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.07 bp	12.0 bp −$12	23.2 bp −$232	98.3 bp −$9,831	doesn't fit

WLD on 37 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 PERPlong	−0.0235%	1h	0.4666	long leg	$6K	$185K	5.5x
Kalshi KXWLDPERP	−0.0139%	8h	0.4678	+0.257%	$71K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0039%	8h	0.4670	+0.086%	$7.1M	$11.5M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4680	+0.301%	$167K	$26K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4676	+0.212%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0011%	1h	0.4684	+0.386%	$272K	$189K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0065%	8h	0.4676	+0.214%	$28K	$895K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4669	+0.058%	$5K	$54K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4674	+0.166%	$179K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4681	+0.330%	$51K	$513K	5x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4677	+0.236%	$89.0M	$324.7M	75x	as long as short
Bybit WLDUSDTshort	+0.0100%	8h	0.4675	+0.193%	$66.7M	$87.6M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4678	+0.257%	$35.2M	$152.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4674	+0.171%	$7.3M	$38.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4673	+0.150%	$46.1M	$56.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4676	+0.214%	$31.1M	$29.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4676	+0.214%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4673	+0.141%	$137K	$289K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4672	+0.122%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4677	+0.228%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4670	+0.090%	$617K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4675	+0.193%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4688	+0.461%	$55K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4688	+0.471%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4679	+0.279%	$217	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4673	+0.150%	$854K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4673	+0.150%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4670	+0.082%	$215K	$889K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4678	+0.268%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4679	+0.284%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0178%	1h	0.4679	+0.279%	$120K	$922K	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4673	+0.158%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0280%	1h	0.4689	+0.497%	$335	$80	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4684	+0.386%	$278K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0556%	1h	0.4685	+0.401%	$52.1M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0639%	1h	0.4682	+0.348%	$908K	$2.9M	50x	as long as short
Lighter WLD	+0.0872%	1h	0.4689	+0.495%	$5.3M	$2.1M	10x	as long as short