Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: Bybit against OKX+0.043%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$350.345% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.043%, 7d avg +0.007%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.036% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4654	0.0100	pay 0.0100% / 8h	7h 30m	$35.1M	$145.9M	50x
Short	Bybit WLDUSDT	0.4656	0.0100	get 0.0100% / 8h	7h 30m	$67.1M	$82.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.007%: $3.61
Slippage, 4 orders: −$13.55
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.94
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 3 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 OKX live order book, 3 min ago	1.07 bp	8.7 bp −$9	16.9 bp −$169	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.07 bp	9.7 bp −$10	19.1 bp −$191	118.4 bp −$11.8K	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	−0.0178%	8h	0.4665	+0.236%	$38K	$3.9M	1.7x	as long as short
Phemex WLDUSDT	−0.0056%	8h	0.4659	+0.107%	$1.9M	$3.7M	50x	as long as short
Nado WLD-PERP	−0.0022%	1h	0.4654	0.000%	$279K	$170K	5x	as long as short
KuCoin WLDUSDTM	−0.0018%	8h	0.4655	+0.021%	$7.0M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4659	+0.114%	$166K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4658	+0.086%	$133K	$871K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4662	+0.174%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	+0.107%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0043%	8h	0.4659	+0.107%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4665	+0.234%	$195K	$961K	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	0.4660	+0.133%	$54K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4657	+0.056%	$88.5M	$305.3M	75x	as long as short
Bybit WLDUSDTshort	+0.0100%	8h	0.4656	+0.043%	$67.1M	$82.3M	50x
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4654	long leg	$35.1M	$145.9M	50x
Gate WLD_USDT	+0.0100%	8h	0.4659	+0.107%	$7.6M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4659	+0.107%	$48.1M	$53.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4653	−0.021%	$30.9M	$26.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4661	+0.150%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4661	+0.142%	$138K	$280K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4661	+0.146%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4654	+0.007%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	+0.172%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4673	+0.408%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4656	+0.052%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4664	+0.215%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4658	+0.086%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4659	+0.107%	$867K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4659	+0.097%	$220K	$863K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4661	+0.157%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4652	−0.047%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4655	+0.019%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4660	+0.129%	$4.9M	$863K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4661	+0.157%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4663	+0.187%	$334	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0323%	1h	0.4662	+0.173%	$916K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4670	+0.344%	$277K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0771%	1h	0.4669	+0.322%	$52.0M	$43.5M	10x	as long as short
Lighter WLD	+0.0936%	1h	0.4668	+0.303%	$5.3M	$2.0M	10x	as long as short