Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Binance against Bitget−0.002%7-day average +0.038% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.002%, 7d avg +0.038%

Together, before fees−0.030%−$3 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: Binance is 0.040% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WLDUSDT	0.4545	0.0100	pay 0.0100% / 8h	2h 16m	$30.1M	$31.0M	75x
Short	Binance WLDUSDT	0.4545	0.0100	get 0.0100% / 8h	2h 16m	$86.6M	$338.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.002%Rate

Funding earned: $0
Price spread: −0.002% → +0.038%: −$4.03
Slippage, 4 orders: −$18.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$44.06
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 12 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 Bitget live order book, 2 min ago	1.10 bp	14.3 bp −$14	26.3 bp −$263	77.1 bp −$7,714	doesn't fit
Sell Binance live order book, 12 min ago	1.12 bp	9.5 bp −$10	17.1 bp −$171	49.2 bp −$4,923	162.0 bp −$81.0K

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	−0.0052%	1h	0.4541	−0.077%	$242K	$209K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4541	−0.097%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4539	−0.132%	$53K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4543	−0.046%	$66K	—	150x	as long as short
01 Exchange WLDUSD	+0.0048%	1h	0.4545	+0.007%	$325	$55	5x	as long as short
KuCoin WLDUSDTM	+0.0053%	8h	0.4542	−0.066%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0073%	1h	0.4543	−0.037%	$40K	$2.4M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4542	−0.066%	$28K	$796K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4542	−0.058%	$227K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4543	−0.035%	$50K	$539K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDTshort	+0.0100%	8h	0.4545	−0.002%	$86.6M	$338.3M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4545	0.000%	$64.7M	$91.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4544	−0.022%	$34.3M	$154.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4543	−0.044%	$7.2M	$37.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4544	−0.022%	$39.4M	$56.1M	300x	as long as short
Bitget WLDUSDTlong	+0.0100%	8h	0.4545	long leg	$30.1M	$31.0M	75x
BingX WLD-USDT	+0.0100%	8h	0.4542	−0.066%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4543	−0.037%	$135K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4510	−0.776%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4512	−0.726%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4535	−0.220%	$605K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4536	−0.198%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4548	+0.066%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4542	−0.066%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4540	−0.110%	$831K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4541	−0.088%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4541	−0.093%	$222K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4540	−0.103%	$31K	$600	3x	as long as short
Lighter WLD	+0.0112%	1h	0.4548	+0.075%	$4.9M	$2.9M	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4543	−0.049%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4534	−0.246%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	−0.704%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0190%	1h	0.4543	−0.044%	$145K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4541	−0.098%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4545	0.000%	$4.8M	$923K	75x	as long as short
Hyperliquid WLD	+0.0281%	1h	0.4551	+0.121%	$49.3M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0499%	1h	0.4545	0.000%	$865K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4548	+0.066%	$277K	$1.7M	50x	as long as short