WLD

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

Long on Coinbase International Short on Deribit

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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WLD-PERP-INTX	0.4598	0.0448	pay 0.0056% / 1h	55m 38s	$273K	$1.7M	50x
Short	Deribit WLD_USDC-PERPETUAL	0.4592	0.0186	get 0.0023% / 1h	55m 38s	$123K	$892K	25x

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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −0.130%Rate

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 3 min ago	8.72 bp	17.3 bp −$17	23.2 bp −$232	doesn't fit	doesn't fit
Sell Deribit live order book, 18 min ago	4.36 bp	7.9 bp −$8	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	−0.0208%	8h	0.4593	−0.109%	$65K	$3.9M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0001%	8h	0.4573	−0.544%	$7.0M	$11.0M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4574	−0.526%	$163K	$13K	10x	as long as short
Nado WLD-PERP	+0.0003%	1h	0.4586	−0.261%	$276K	$169K	5x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4589	−0.191%	$56K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4585	−0.283%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0040%	8h	0.4588	−0.217%	$28K	$905K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4584	−0.310%	$192K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4576	−0.488%	$54K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4577	−0.467%	$86.5M	$303.9M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4573	−0.544%	$65.7M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4571	−0.587%	$34.3M	$143.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4585	−0.283%	$7.5M	$34.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4575	−0.500%	$46.4M	$53.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4572	−0.565%	$30.3M	$26.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4584	−0.304%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4594	−0.085%	$137K	$283K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4593	−0.111%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4579	−0.403%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4585	−0.283%	$608K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	−0.391%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4590	−0.181%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4593	−0.109%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4591	−0.152%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.261%	$853K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4594	−0.087%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4590	−0.171%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4590	−0.165%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4583	−0.322%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4586	−0.253%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUALshort	+0.0186%	1h	0.4592	−0.130%	$123K	$892K	25x
BloFin WLD-USDT	+0.0220%	8h	0.4585	−0.283%	$4.9M	$820K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4588	−0.222%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4594	−0.096%	$329	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0328%	1h	0.4594	−0.077%	$905K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTXlong	+0.0448%	1h	0.4598	long leg	$273K	$1.7M	50x
Hyperliquid WLD	+0.0747%	1h	0.4586	−0.254%	$50.9M	$43.6M	10x	as long as short
Lighter WLD	+0.1152%	1h	0.4583	−0.320%	$5.2M	$2.0M	10x	as long as short