Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: Bybit against BingX+0.022%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.022%, 7d avg −0.003%

Together, before fees−0.140%−$14 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 0.025% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLD-USDT	0.4559	0.0100	pay 0.0100% / 8h	1h 30m	—	$67.8M	—
Short	Bybit WLDUSDT	0.4560	0.0100	get 0.0100% / 8h	1h 30m	$65.3M	$81.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.003%: $2.52
Slippage, 4 orders: −$13.36
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$31.84
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 4 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 BingX live order book, 9 min ago	2.17 bp	7.2 bp −$7	9.7 bp −$97	22.3 bp −$2,227	104.3 bp −$52.2K
Sell Bybit live order book, 4 min ago	1.09 bp	12.0 bp −$12	20.0 bp −$200	87.2 bp −$8,720	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	−0.0351%	8h	0.4563	+0.088%	$62K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+1.404%	$6K	$185K	5.5x	as long as short
KuCoin WLDUSDTM	−0.0003%	8h	0.4557	−0.044%	$7.0M	$10.8M	50x	as long as short
Orderly PERP_WLD_USDC	−0.0003%	8h	0.4560	+0.022%	$28K	$913K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4562	+0.065%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4561	+0.044%	$107K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4561	+0.050%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0063%	8h	0.4562	+0.064%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0064%	1h	0.4560	+0.011%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4561	+0.038%	$202K	$988K	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	0.4560	+0.022%	$51K	$480K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4561	+0.044%	$86.5M	$297.1M	75x	as long as short
Bybit WLDUSDTshort	+0.0100%	8h	0.4560	+0.022%	$65.3M	$81.8M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4561	+0.044%	$34.1M	$140.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4559	0.000%	$7.4M	$35.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4560	+0.022%	$48.0M	$51.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4558	−0.022%	$30.1M	$25.5M	75x	as long as short
BingX WLD-USDTlong	+0.0100%	8h	0.4559	long leg	—	$67.8M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4562	+0.057%	$127K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4577	+0.397%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.504%	$625K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4574	+0.329%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4561	+0.039%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4567	+0.175%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4561	+0.044%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	−0.022%	$860K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4562	+0.066%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4559	−0.007%	$239K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4561	+0.033%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4577	+0.397%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4559	−0.002%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0187%	1h	0.4565	+0.127%	$905K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4558	−0.022%	$4.9M	$810K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4563	+0.094%	$326	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4561	+0.033%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4567	+0.175%	$268K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0894%	1h	0.4565	+0.127%	$49.6M	$43.1M	10x	as long as short
Lighter WLD	+0.0944%	1h	0.4570	+0.233%	$5.2M	$2.1M	10x	as long as short