Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%

Price spread now: Bybit against Polymarket Perps−0.197%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days+0.142%+$14 · spread now −0.197%, 7d avg −0.001%

Together, before fees+0.127%+$13 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 0.196% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WLD-USD	0.4558	0.0100	pay 0.0013% / 1h	58m 56s	$49K	$2.6M	10x
Short	Bybit WLDUSDT	0.4549	0.0100	get 0.0100% / 8h	6h 58m	$65.4M	$89.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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 Polymarket PerpsbpFee BybitbpOrdersPrice spread, now −0.197%Rate

Funding earned: $0
Price spread: −0.197% → −0.001%: −$19.61
Slippage, 4 orders: −$15.2
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$53.81
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 65 min ago; Bybit: 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 Polymarket Perps live order book, 65 min ago	3.55 bp	7.5 bp −$8	8.6 bp −$86	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.10 bp	9.2 bp −$9	15.0 bp −$150	104.5 bp −$10.5K	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	−0.0064%	1h	0.4552	−0.121%	$236K	$170K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4552	−0.132%	$36K	$4.5M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4548	−0.219%	$120K	$973K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4556	−0.050%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0033%	1h	0.4508	−1.097%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4559	+0.031%	$326	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4548	−0.219%	$27K	$501K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4552	−0.131%	$216K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4553	−0.110%	$57K	$540K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4549	−0.196%	$86.9M	$330.7M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDTshort	+0.0100%	8h	0.4549	−0.197%	$65.4M	$89.0M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4547	−0.241%	$34.5M	$149.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4549	−0.197%	$7.2M	$32.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4546	−0.263%	$41.6M	$55.7M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4544	−0.307%	$6.7M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4549	−0.197%	$30.0M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4549	−0.197%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4551	−0.156%	$128K	$283K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4549	−0.205%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4552	−0.123%	$27K	$323K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4554	−0.086%	$601K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4555	−0.066%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USDlong	+0.0100%	1h	0.4558	long leg	$49K	$2.6M	10x
SunX WLD-USDT	+0.0100%	8h	0.4554	−0.088%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4547	−0.241%	$226	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4551	−0.154%	$834K	$1.3M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4547	−0.241%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4544	−0.302%	$215K	$803K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4548	−0.214%	$31K	$500	3x	as long as short
dYdX WLD-USD	+0.0118%	1h	0.4556	−0.052%	$155K	$31K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4549	−0.194%	—	—	20x	as long as short
Lighter WLD	+0.0136%	1h	0.4553	−0.105%	$4.9M	$3.0M	10x	as long as short
Phoenix WLD	+0.0194%	1h	0.4556	−0.044%	$4K	$43K	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0200%	1h	0.4549	−0.202%	$902K	$2.7M	50x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4552	−0.126%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4551	−0.154%	$4.4M	$949K	75x	as long as short
Hyperliquid WLD	+0.0291%	1h	0.4556	−0.042%	$50.6M	$43.2M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0416%	1h	0.4554	−0.088%	$269K	$1.5M	50x	as long as short