Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h −0.058%

Price spread now: BingX against Coinbase International+0.107%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$530.528% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 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. BingX is 0.107% dearer against Coinbase International than usual: you sell high and buy low (spread +0.107% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.023% in total) that is about 32 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.023% in total (about -1.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WLD-PERP-INTX	0.4669	0.0456	pay 0.0057% / 1h	4m 35s	$275K	$1.7M	50x
Short	BingX WLD-USDT	0.4674	0.0100	get 0.0100% / 8h	6h 04m	—	$67.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$74.76
Price spread: +0.107% → 0.000%: $10.71
Slippage, 4 orders: −$32.83
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$116.89
Costs to cover: 0.528%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; BingX: live order book, 4 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 Coinbase International live order book, 4 min ago	7.46 bp	17.7 bp −$18	28.2 bp −$282	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	1.07 bp	6.1 bp −$6	9.7 bp −$97	28.0 bp −$2,802	103.8 bp −$51.9K

WLD on 37 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
Injective WLD/USDC PERP	−0.0235%	1h	0.4666	−0.064%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0139%	8h	0.4670	+0.021%	$71K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0037%	8h	0.4669	0.000%	$7.1M	$11.5M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4670	+0.025%	$166K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4661	−0.171%	$121K	$918K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4661	−0.173%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0008%	1h	0.4658	−0.236%	$270K	$189K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0065%	8h	0.4661	−0.171%	$28K	$895K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4662	−0.154%	$5K	$54K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4665	−0.084%	$179K	$1.0M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4674	+0.117%	$51K	$513K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4674	+0.107%	$89.0M	$325.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4676	+0.150%	$66.7M	$87.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4679	+0.214%	$35.2M	$152.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4674	+0.107%	$7.3M	$38.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4676	+0.150%	$46.1M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4678	+0.193%	$31.1M	$29.5M	75x	as long as short
BingX WLD-USDTshort	+0.0100%	8h	0.4674	+0.107%	—	$67.4M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4663	−0.131%	$139K	$289K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4672	+0.057%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4677	+0.163%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4657	−0.251%	$615K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4675	+0.129%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4663	−0.124%	$55K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4667	−0.043%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4662	−0.150%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4665	−0.086%	$852K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4664	−0.107%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4678	+0.202%	$215K	$889K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4662	−0.154%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4660	−0.188%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4660	−0.186%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0280%	1h	0.4677	+0.176%	$335	$80	5x	as long as short
Coinbase International WLD-PERP-INTXlong	+0.0456%	1h	0.4669	long leg	$275K	$1.7M	50x
Hyperliquid WLD	+0.0551%	1h	0.4677	+0.167%	$52.0M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0641%	1h	0.4667	−0.038%	$905K	$2.9M	50x	as long as short
Lighter WLD	+0.0872%	1h	0.4686	+0.353%	$5.3M	$2.1M	10x	as long as short