Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.027%

Price spread now: Deribit against BingX+0.022%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.174%−$17 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.022% dearer against BingX than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLD-USDT	0.4491	0.0100	pay 0.0100% / 8h	6h 18m	—	$55.9M	—
Short	Deribit WLD_USDC-PERPETUAL	0.4492	0	get 0.0000% / 1h	18m 51s	$109K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$21
Price spread: +0.022% → 0.000%: $2.23
Slippage, 4 orders: −$12.66
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$48.43
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; Deribit: 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 BingX live order book, 13 min ago	1.12 bp	7.7 bp −$8	9.8 bp −$98	18.5 bp −$1,845	99.6 bp −$49.8K
Sell Deribit live order book, 3 min ago	4.44 bp	7.9 bp −$8	15.5 bp −$155	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
Nado WLD-PERP	−0.0080%	1h	0.4491	−0.011%	$236K	$172K	5x	as long as short
Gate WLD_USDT	−0.0053%	8h	0.4492	+0.022%	$7.0M	$32.7M	75x	as long as short
Bybit WLDUSDT	−0.0026%	8h	0.4490	−0.022%	$64.2M	$89.2M	50x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4492	+0.022%	$62K	$4.5M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4492	+0.022%	$109K	$1.1M	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4492	+0.022%	$65K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0033%	1h	0.4477	−0.312%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4494	+0.058%	$321	$55	5x	as long as short
Lighter WLD	+0.0096%	1h	0.4496	+0.114%	$4.9M	$3.0M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0096%	8h	0.4490	−0.022%	$27K	$407K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WLDUSDTM	+0.0097%	8h	0.4492	+0.022%	$6.6M	$11.2M	50x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4499	+0.183%	$50.0M	$42.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4492	+0.029%	$211K	$971K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4492	+0.015%	$58K	$536K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4493	+0.035%	$85.5M	$329.0M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4492	+0.022%	$34.0M	$147.4M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4491	0.000%	$41.0M	$56.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4493	+0.045%	$29.6M	$30.8M	75x	as long as short
BingX WLD-USDTlong	+0.0100%	8h	0.4491	long leg	—	$55.9M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4492	+0.016%	$130K	$277K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4491	−0.009%	$2.1M	$1.4M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4497	+0.135%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4502	+0.253%	$592K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4498	+0.156%	$59K	$242K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4486	−0.111%	$49K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4496	+0.111%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4490	−0.022%	$232	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4490	−0.022%	$823K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4494	+0.067%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4489	−0.042%	$212K	$792K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4492	+0.024%	$30K	$500	3x	as long as short
Phoenix WLD	+0.0123%	1h	0.4495	+0.080%	$4K	$43K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4490	−0.021%	—	—	20x	as long as short
dYdX WLD-USD	+0.0199%	1h	0.4492	+0.013%	$153K	$31K	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0203%	1h	0.4492	+0.025%	$880K	$2.7M	50x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4493	+0.037%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4491	0.000%	$4.7M	$972K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0416%	1h	0.4495	+0.089%	$276K	$1.5M	50x	as long as short