Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0262%/8h= −28.7% APRnext payment $0.33 per $10,000 · paid last 24h −0.084%
Price spread now: Deribit against Coinbase International−0.130%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$610.608% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.193%−$19 on $10k
Price spread, last 3 days (all we have)+0.313%+$31 · spread now −0.130%, 7d avg −0.020%
Together, before fees+0.121%+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Deribit is 0.110% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.020%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International WLD-PERP-INTX0.45980.0448pay 0.0056% / 1h55m 38s$273K$1.7M50x
ShortDeribit WLD_USDC-PERPETUAL0.45920.0186get 0.0023% / 1h55m 38s$123K$892K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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

Funding earned
−$55.08
Price spread: −0.130% → −0.020%
−$11.01
Slippage, 4 orders
−$43.76
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$126.85
Costs to cover
0.608%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Deribit: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 3 min ago8.72 bp17.3 bp −$1723.2 bp −$232doesn't fitdoesn't fit
Sell Deribit live order book, 18 min ago4.36 bp7.9 bp −$8doesn't fitdoesn't fitdoesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXWLDPERP−0.0208%8h0.4593−0.109%$65K$3.9M1.7xas long as short
KuCoin WLDUSDTM−0.0001%8h0.4573−0.544%$7.0M$11.0M50xas long as short
dYdX WLD-USD0.0000%1h0.4574−0.526%$163K$13K10xas long as short
Nado WLD-PERP+0.0003%1h0.4586−0.261%$276K$169K5xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4589−0.191%$56K150xas long as short
Injective WLD/USDC PERP+0.0038%1h0.4585−0.283%$6K$185K5.5xas long as short
Orderly PERP_WLD_USDC+0.0040%8h0.4588−0.217%$28K$905K10xas long as short
Aster WLDUSDT+0.0100%8h0.4584−0.310%$192K$1.0M50xas long as short
Pacifica WLD+0.0100%1h0.4576−0.488%$54K$487K5xas long as short
Binance WLDUSDT+0.0100%8h0.4577−0.467%$86.5M$303.9M75xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit WLDUSDT+0.0100%8h0.4573−0.544%$65.7M$82.7M50xas long as short
OKX WLD-USDT-SWAP+0.0100%8h0.4571−0.587%$34.3M$143.2M50xas long as short
Gate WLD_USDT+0.0100%8h0.4585−0.283%$7.5M$34.9M75xas long as short
MEXC WLD_USDT+0.0100%8h0.4575−0.500%$46.4M$53.1M300xas long as short
Bitget WLDUSDT+0.0100%8h0.4572−0.565%$30.3M$26.1M75xas long as short
BingX WLD-USDT+0.0100%8h0.4584−0.304%$67.1Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4594−0.085%$137K$283K10xas long as short
Variational Omni WLD+0.0100%8h0.4593−0.111%$2.0M$1.7Mas long as short
edgeX WLDUSDC+0.0100%4h0.4579−0.403%$27K$315K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4585−0.283%$608K$1.9M10xas long as short
ApeX Omni WLDUSDT+0.0100%1h0.4580−0.391%$55K$228K50xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4590−0.181%$48K$1.6M10xas long as short
SunX WLD-USDT+0.0100%8h0.4593−0.109%$23K$1.5M50xas long as short
SoDEX WLD-USD+0.0100%1h0.4591−0.152%$212$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4586−0.261%$853K$1.8M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4594−0.087%$1.8M$3.7M50xas long as short
Extended WLD-USD+0.0104%1h0.4590−0.171%$231K$847K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4590−0.165%$31K$5K3xas long as short
Phoenix WLD+0.0104%1h0.4583−0.322%$5K$53K10xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4586−0.253%20xas long as short
Deribit WLD_USDC-PERPETUALshort+0.0186%1h0.4592−0.130%$123K$892K25x
BloFin WLD-USDT+0.0220%8h0.4585−0.283%$4.9M$820K75xas long as short
GMX WLD/USD [ETH-USDC]L +0.0229% / S −0.1268%1h0.4588−0.222%$5K100xas long as short
01 Exchange WLDUSD+0.0272%1h0.4594−0.096%$329$775xas long as short
Kraken Futures PF_WLDUSD+0.0328%1h0.4594−0.077%$905K$2.7M50xas long as short
Coinbase International WLD-PERP-INTXlong+0.0448%1h0.4598long leg$273K$1.7M50x
Hyperliquid WLD+0.0747%1h0.4586−0.254%$50.9M$43.6M10xas long as short
Lighter WLD+0.1152%1h0.4583−0.320%$5.2M$2.0M10xas long as short