Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.024%

Price spread now: gTrade (Gains Network) against Bitget+0.244%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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. gTrade (Gains Network) is 0.244% dearer against Bitget than usual: you sell high and buy low (spread +0.244% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WLDUSDT	0.4485	0.0100	pay 0.0100% / 8h	2h 33m	$29.5M	$31.1M	75x
Short	gTrade (Gains Network) WLD/USD	0.4496	L +0.0003% / S −0.0003%	get 0.0000% / 1h	33m 49s	$65K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.244%Rate

Funding earned: −$20.42
Price spread: +0.244% → 0.000%: $24.44
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$17.98
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Bitget: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 5 min ago	1.11 bp	10.4 bp −$10	20.2 bp −$202	72.3 bp −$7,232	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0055%	1h	0.4499	+0.307%	$242K	$208K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4504	+0.419%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4506	+0.468%	$69K	$4.9M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4490	+0.111%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USDshort	L +0.0003% / S −0.0003%	1h	0.4496	+0.244%	$65K	—	150x
KuCoin WLDUSDTM	+0.0044%	8h	0.4486	+0.022%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0047%	1h	0.4497	+0.272%	$38K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4501	+0.363%	$322	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4490	+0.111%	$28K	$826K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4496	+0.246%	$224K	$1.1M	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	0.4504	+0.424%	$50K	$541K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4487	+0.045%	$85.4M	$339.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4485	0.000%	$63.9M	$92.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4485	0.000%	$33.8M	$153.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4489	+0.089%	$7.3M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4488	+0.067%	$38.3M	$55.7M	300x	as long as short
Bitget WLDUSDTlong	+0.0100%	8h	0.4485	long leg	$29.5M	$31.1M	75x
BingX WLD-USDT	+0.0100%	8h	0.4487	+0.045%	—	$68.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4490	+0.118%	$133K	$308K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4509	+0.531%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4505	+0.455%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4512	+0.603%	$599K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4512	+0.602%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4502	+0.379%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4491	+0.134%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4478	−0.156%	$820K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4493	+0.178%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4484	−0.015%	$220K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4492	+0.167%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4495	+0.219%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4516	+0.691%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0144%	1h	0.4495	+0.225%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.624%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4495	+0.230%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4523	+0.847%	$4.8M	$930K	75x	as long as short
Hyperliquid WLD	+0.0288%	1h	0.4491	+0.140%	$48.5M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0504%	1h	0.4494	+0.197%	$857K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4499	+0.312%	$274K	$1.7M	50x	as long as short