Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h +0.020%

Price spread now: Gate against Deribit0.000%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.465%−$46 · spread now 0.000%, 7d avg −0.045%

Together, before fees−0.391%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.045% dearer against Deribit than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.045%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4492	0	get 0.0000% / 1h	19m 47s	$109K	$1.1M	25x
Short	Gate WLD_USDT	0.4492	−0.0055	pay 0.0055% / 8h	6h 19m	$7.0M	$32.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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 DeribitbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$11.55
Price spread: 0.000% → −0.045%: $4.52
Slippage, 4 orders: −$30.15
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$59.18
Costs to cover: 0.522%
Break-even: never at this rate

Slippage from Deribit: live order book, 2 min ago; Gate: live order book, 2 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 Deribit live order book, 2 min ago	4.44 bp	7.9 bp −$8	15.4 bp −$154	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.22 bp	19.7 bp −$20	38.4 bp −$384	53.1 bp −$5,314	121.6 bp −$60.8K

WLD on 38 exchanges

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	−0.0081%	1h	0.4491	−0.011%	$236K	$172K	5x	as long as short
Gate WLD_USDTshort	−0.0055%	8h	0.4492	0.000%	$7.0M	$32.7M	75x
Bybit WLDUSDT	−0.0026%	8h	0.4487	−0.111%	$64.1M	$89.2M	50x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4494	+0.045%	$62K	$4.5M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4492	long leg	$109K	$1.1M	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4496	+0.082%	$65K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0033%	1h	0.4477	−0.334%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4498	+0.129%	$322	$55	5x	as long as short
Lighter WLD	+0.0096%	1h	0.4494	+0.038%	$4.9M	$3.0M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0096%	8h	0.4491	−0.022%	$27K	$408K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WLDUSDTM	+0.0097%	8h	0.4490	−0.045%	$6.6M	$11.2M	50x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4497	+0.122%	$49.9M	$42.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4492	0.000%	$211K	$971K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4492	−0.008%	$58K	$536K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4489	−0.063%	$85.4M	$329.1M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4489	−0.067%	$34.0M	$147.3M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4489	−0.067%	$41.0M	$56.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4489	−0.067%	$29.6M	$30.8M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4490	−0.045%	—	$55.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4491	−0.013%	$130K	$277K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4491	−0.032%	$2.1M	$1.4M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4498	+0.128%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4502	+0.231%	$592K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4504	+0.267%	$59K	$242K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4489	−0.073%	$49K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4499	+0.156%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4490	−0.045%	$232	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4492	0.000%	$823K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4493	+0.022%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4489	−0.064%	$212K	$792K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4492	+0.002%	$30K	$500	3x	as long as short
Phoenix WLD	+0.0123%	1h	0.4502	+0.225%	$4K	$43K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4490	−0.043%	—	—	20x	as long as short
dYdX WLD-USD	+0.0199%	1h	0.4492	−0.009%	$153K	$31K	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0203%	1h	0.4493	+0.017%	$880K	$2.7M	50x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4492	+0.011%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4496	+0.089%	$4.7M	$974K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0416%	1h	0.4497	+0.111%	$276K	$1.5M	50x	as long as short