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 −0.019%

Price spread now: Deribit against OKX0.000%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)+0.341%+$34 · spread now 0.000%, 7d avg +0.062%

Together, before fees+0.237%+$24 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 0.062% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.062%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4477	0.0100	pay 0.0100% / 8h	5h 06m	$34.3M	$142.4M	50x
Short	Deribit WLD_USDC-PERPETUAL	0.4477	0	get 0.0000% / 1h	6m 51s	$101K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21
Price spread: 0.000% → +0.062%: −$6.18
Slippage, 4 orders: −$12.59
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$56.78
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Deribit: live order book, just now.

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, 5 min ago	1.12 bp	8.2 bp −$8	13.5 bp −$135	213.3 bp −$21.3K	doesn't fit
Sell Deribit live order book, just now	1.12 bp	10.5 bp −$10	16.4 bp −$164	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
Polymarket Perps WLD-USD	−0.0359%	1h	0.4475	−0.042%	$41K	$2.7M	10x	as long as short
Kraken Futures PF_WLDUSD	−0.0193%	1h	0.4479	+0.039%	$840K	$2.6M	50x	as long as short
Bybit WLDUSDT	−0.0143%	8h	0.4477	0.000%	$63.9M	$85.0M	50x	as long as short
Nado WLD-PERP	−0.0118%	1h	0.4475	−0.034%	$234K	$157K	5x	as long as short
Gate WLD_USDT	−0.0079%	8h	0.4478	+0.022%	$7.0M	$31.8M	75x	as long as short
01 Exchange WLDUSD	−0.0048%	1h	0.4480	+0.060%	$320	$55	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4477	0.000%	$59K	$4.2M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4477	0.000%	$101K	$1.1M	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4479	+0.045%	$65K	—	150x	as long as short
dYdX WLD-USD	+0.0004%	1h	0.4479	+0.050%	$153K	$31K	10x	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	0.000%	$6K	$185K	5.5x	as long as short
Variational Omni WLD	+0.0019%	8h	0.4465	−0.260%	$2.1M	$1.4M	—	as long as short
KuCoin WLDUSDTM	+0.0021%	8h	0.4477	0.000%	$6.8M	$10.2M	50x	as long as short
Phoenix WLD	+0.0053%	1h	0.4480	+0.063%	$4K	$40K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0084%	8h	0.4476	−0.022%	$27K	$253K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4484	+0.152%	$4.9M	$3.0M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4480	+0.074%	$219K	$904K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4478	+0.027%	$64K	$512K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4478	+0.026%	$84.7M	$313.5M	75x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4477	long leg	$34.3M	$142.4M	50x
MEXC WLD_USDT	+0.0100%	8h	0.4478	+0.022%	$42.4M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4476	−0.022%	$29.3M	$28.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4477	0.000%	—	$55.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4479	+0.034%	$126K	$272K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4475	−0.036%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4480	+0.067%	$600K	$2.3M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4478	+0.022%	$48K	$249K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4483	+0.134%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4477	0.000%	$227	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4479	+0.045%	$821K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4477	0.000%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4475	−0.043%	$211K	$650K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4478	+0.019%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4475	−0.049%	—	—	20x	as long as short
Hyperliquid WLD	+0.0152%	1h	0.4486	+0.194%	$50.6M	$28.4M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4479	+0.038%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4479	+0.045%	$4.7M	$908K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4484	+0.156%	$272K	$975K	50x	as long as short