Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h +0.026%

Price spread now: Injective against Bitget+0.466%111s7-day average +0.227% · you sell dearer than you buy

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

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 3 days (all we have)−0.205%−$20 · spread now +0.466%, 7d avg +0.227%

Together, before fees−0.239%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.239% dearer against Bitget than usual: you sell high and buy low (spread +0.466% now, against its 7-day average of +0.227%): +$24 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 7 days (−0.034% in total) that is about 50 days. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WLDUSDT	0.4722	0.0100	pay 0.0100% / 8h	7h 09m	$31.7M	$27.3M	75x
Short	Injective WLD/USDC PERP	0.4744	0.0038	get 0.0005% / 1h	9m 24s	$6K	$185K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +0.466%Rate

Funding earned: −$13.08
Price spread: +0.466% → +0.227%: $23.9
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1.19
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 4 min ago; Injective: live order book, 30 min ago. 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, 4 min ago	3.16 bp	10.6 bp −$11	19.1 bp −$191	50.6 bp −$5,056	doesn't fit
Sell Injective live order book, 30 min ago	71.71 bp	doesn't fit	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	−0.0159%	8h	0.4739	+0.360%	$23K	$4.0M	1.7x	as long as short
Nado WLD-PERP	−0.0026%	1h	0.4723	+0.021%	$274K	$178K	5x	as long as short
KuCoin WLDUSDTM	−0.0010%	8h	0.4716	−0.127%	$7.1M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4715	−0.155%	$168K	$12K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4725	+0.064%	$135K	$863K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4722	0.000%	$56K	—	150x	as long as short
Injective WLD/USDC PERPshort	+0.0038%	1h	0.4744	+0.466%	$6K	$185K	5.5x
Orderly PERP_WLD_USDC	+0.0050%	8h	0.4722	0.000%	$29K	$900K	10x	as long as short
Phemex WLDUSDT	+0.0057%	8h	0.4720	−0.042%	$1.9M	$3.7M	50x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4724	+0.050%	$211K	$995K	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	0.4717	−0.110%	$55K	$485K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4723	+0.021%	$90.4M	$310.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4723	+0.021%	$68.3M	$83.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4723	+0.021%	$35.8M	$149.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4722	0.000%	$7.6M	$36.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4723	+0.021%	$49.4M	$55.0M	300x	as long as short
Bitget WLDUSDTlong	+0.0100%	8h	0.4722	long leg	$31.7M	$27.3M	75x
BingX WLD-USDC	+0.0100%	8h	0.4723	+0.021%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4723	+0.025%	$140K	$277K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4717	−0.112%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4724	+0.042%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4749	+0.579%	$627K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4723	+0.021%	$57K	$232K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4724	+0.051%	$44K	$1.8M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4741	+0.402%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4718	−0.085%	$225	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4721	−0.021%	$898K	$1.9M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4719	−0.065%	$218K	$894K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4722	−0.011%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4721	−0.021%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4726	+0.085%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4720	−0.042%	$5.0M	$877K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4728	+0.134%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4721	−0.013%	$338	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0319%	1h	0.4721	−0.011%	$935K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4723	+0.021%	$277K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0873%	1h	0.4731	+0.199%	$53.1M	$44.0M	10x	as long as short
Lighter WLD	+0.1024%	1h	0.4724	+0.051%	$5.3M	$2.0M	10x	as long as short