Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.022%

Price spread now: Deribit against Binance+0.099%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+0.760%+$76 · spread now +0.099%, 7d avg +0.041%

Together, before fees+0.679%+$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.058% dearer against Binance than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.041%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.081% in total) that is about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLDUSDT	0.4613	0.0100	pay 0.0100% / 8h	5h 12m	$87.7M	$326.5M	75x
Short	Deribit WLD_USDC-PERPETUAL	0.4618	0	get 0.0000% / 1h	12m 04s	$119K	$918K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$21
Price spread: +0.099% → +0.041%: $5.83
Slippage, 4 orders: −$27.9
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$60.07
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Deribit: live order book, 52 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 Binance live order book, 2 min ago	1.08 bp	7.1 bp −$7	15.4 bp −$154	59.9 bp −$5,988	233.9 bp −$116.9K
Sell Deribit live order book, 52 min ago	6.41 bp	18.2 bp −$18	doesn't fit	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
Kalshi KXWLDPERP	−0.0121%	8h	0.4625	+0.251%	$46K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0024%	8h	0.4611	−0.053%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4619	+0.122%	$164K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4618	+0.099%	$119K	$918K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4618	+0.095%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0008%	1h	0.4618	+0.094%	$267K	$187K	5x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4617	+0.069%	$330	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0077%	8h	0.4617	+0.077%	$28K	$890K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4623	+0.210%	$174K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4621	+0.164%	$48K	$511K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDTlong	+0.0100%	8h	0.4613	long leg	$87.7M	$326.5M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4613	−0.009%	$66.0M	$88.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4613	−0.009%	$34.9M	$149.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4614	+0.012%	$7.2M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4613	−0.009%	$45.6M	$54.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4613	−0.009%	$30.7M	$29.7M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4613	−0.009%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4614	+0.008%	$134K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4639	+0.546%	$2.2M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4634	+0.452%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4635	+0.459%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4633	+0.424%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4617	+0.073%	$54K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4623	+0.207%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4616	+0.056%	$172	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4615	+0.034%	$844K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4616	+0.056%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4615	+0.041%	$213K	$929K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4618	+0.099%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4617	+0.071%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4653	+0.862%	$5K	$57K	10x	as long as short
Lighter WLD	+0.0176%	1h	0.4620	+0.134%	$5.0M	$2.3M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4622	+0.186%	$5.0M	$803K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4619	+0.116%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0475%	1h	0.4620	+0.147%	$51.4M	$42.7M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4625	+0.251%	$273K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	+0.489%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0896%	1h	0.4619	+0.123%	$894K	$2.9M	50x	as long as short