Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h +0.051%

Price spread now: Injective against Bybit+0.222%7-day average +0.237% · you sell dearer than you buy

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

Long on Bybit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.222%, 7d avg +0.237%

Together, before fees+0.015%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.237%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLDUSDT	0.4503	0.0100	pay 0.0100% / 8h	2h 34m	$64.1M	$92.0M	50x
Short	Injective WLD/USDC PERP	0.4513	0.0176	get 0.0022% / 1h	34m 59s	$6K	$185K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bybit. 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 BybitbpFee InjectivebpOrdersPrice spread, now +0.222%Rate

Funding earned: $16.05
Price spread: +0.222% → +0.237%: −$1.54
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $3.49
Costs to cover: 0.110%
Break-even: 5.5 days

Slippage unknown: Bybit: live order book, 9 min ago; Injective: live order book, 44 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 Bybit live order book, 9 min ago	1.11 bp	10.4 bp −$10	18.7 bp −$187	132.4 bp −$13.2K	doesn't fit
Sell Injective live order book, 44 min ago	71.00 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
Nado WLD-PERP	−0.0060%	1h	0.4523	+0.455%	$243K	$208K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4524	+0.473%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4521	+0.400%	$68K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4525	+0.487%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0045%	8h	0.4512	+0.200%	$6.7M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4525	+0.477%	$324	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0068%	1h	0.4524	+0.466%	$41K	$2.4M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4527	+0.533%	$28K	$826K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4512	+0.189%	$225K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4524	+0.475%	$50K	$541K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4512	+0.189%	$85.9M	$338.9M	75x	as long as short
Bybit WLDUSDTlong	+0.0100%	8h	0.4503	long leg	$64.1M	$92.0M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4504	+0.022%	$34.1M	$153.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4515	+0.266%	$7.3M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4512	+0.200%	$38.4M	$55.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4511	+0.178%	$29.7M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4512	+0.200%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4523	+0.446%	$134K	$307K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4509	+0.129%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4505	+0.053%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4512	+0.201%	$599K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4512	+0.200%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4533	+0.666%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4526	+0.511%	$208	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	+0.378%	$828K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4525	+0.489%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4509	+0.129%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4528	+0.566%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4526	+0.507%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4516	+0.289%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0152%	1h	0.4530	+0.600%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERPshort	+0.0176%	1h	0.4513	+0.222%	$6K	$185K	5.5x
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4525	+0.483%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4523	+0.444%	$4.8M	$930K	75x	as long as short
Hyperliquid WLD	+0.0306%	1h	0.4523	+0.435%	$48.9M	$44.2M	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0413%	1h	0.4530	+0.600%	$145K	$1.0M	25x	as long as short
Kraken Futures PF_WLDUSD	+0.0500%	1h	0.4530	+0.599%	$864K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4530	+0.600%	$276K	$1.7M	50x	as long as short