Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.011%

Price spread now: Deribit against KuCoin+0.133%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$590.593% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now +0.133%, 7d avg +0.052%

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

The price spread pays, funding is against you. Deribit is 0.081% dearer against KuCoin than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of +0.052%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4511	0.0040	pay 0.0040% / 8h	2h 47m	$6.7M	$11.9M	50x
Short	Deribit WLD_USDC-PERPETUAL	0.4517	0	get 0.0000% / 1h	47m 40s	$145K	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$8.4
Price spread: +0.133% → +0.052%: $8.07
Slippage, 4 orders: −$40.33
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$59.66
Costs to cover: 0.593%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Deribit: live order book, 1 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 KuCoin live order book, 6 min ago	2.21 bp	15.4 bp −$15	31.5 bp −$315	doesn't fit	doesn't fit
Sell Deribit live order book, 1 min ago	4.42 bp	12.2 bp −$12	18.1 bp −$181	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
Nado WLD-PERP	−0.0041%	1h	0.4516	+0.111%	$244K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4512	+0.026%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4516	+0.111%	$81K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4517	+0.133%	$145K	$1.0M	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4517	+0.131%	$65K	—	150x	as long as short
KuCoin WLDUSDTMlong	+0.0040%	8h	0.4511	long leg	$6.7M	$11.9M	50x
Polymarket Perps WLD-USD	+0.0064%	1h	0.4515	+0.098%	$40K	$2.3M	10x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4519	+0.168%	$323	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4516	+0.111%	$28K	$852K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4511	−0.010%	$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	0.4511	−0.003%	$50K	$541K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4510	−0.027%	$85.8M	$337.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4506	−0.111%	$64.1M	$91.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4507	−0.089%	$34.1M	$153.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4515	+0.089%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4507	−0.089%	$38.8M	$55.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4513	+0.044%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4513	+0.044%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4514	+0.073%	$134K	$307K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4526	+0.326%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4514	+0.077%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4528	+0.385%	$594K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4523	+0.266%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4519	+0.177%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4514	+0.067%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	0.000%	$826K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4515	+0.089%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4508	−0.072%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4517	+0.144%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4515	+0.083%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4523	+0.266%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4518	+0.164%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	+0.177%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4516	+0.106%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4511	0.000%	$4.8M	$926K	75x	as long as short
Hyperliquid WLD	+0.0332%	1h	0.4520	+0.195%	$49.0M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0501%	1h	0.4519	+0.180%	$862K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4520	+0.200%	$276K	$1.7M	50x	as long as short