Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.032%

Price spread now: HTX against Deribit+0.066%7-day average −0.196% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1491.495% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$14 on $10k

Price spread, last 4 days (all we have)−0.439%−$44 · spread now +0.066%, 7d avg −0.196%

Together, before fees−0.304%−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.262% dearer against Deribit than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.196%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4517	0	get 0.0000% / 1h	29m 10s	$150K	$966K	25x
Short	HTX WLD-USDT	0.4520	0.0100	get 0.0100% / 8h	1h 29m	$826K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.066%Rate

Funding earned: $21
Price spread: +0.066% → −0.196%: $26.22
Slippage, 4 orders: −$130.46
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$102.25
Costs to cover: 1.495%
Break-even: 41.1 days

Slippage from Deribit: live order book, 5 min ago; HTX: live order book, 5 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, 5 min ago	4.43 bp	7.9 bp −$8	15.1 bp −$151	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	11.07 bp	61.4 bp −$61	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
dYdX WLD-USD	0.0000%	1h	0.4516	−0.028%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4518	+0.022%	$55K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4517	long leg	$150K	$966K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4517	−0.001%	$65K	—	150x	as long as short
Nado WLD-PERP	+0.0017%	1h	0.4519	+0.055%	$238K	$169K	5x	as long as short
KuCoin WLDUSDTM	+0.0090%	8h	0.4515	−0.044%	$6.6M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4516	−0.022%	$27K	$786K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4516	−0.022%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4521	+0.089%	$50K	$537K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4515	−0.049%	$86.0M	$338.1M	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	0.4512	−0.111%	$64.4M	$90.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4512	−0.111%	$34.1M	$153.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4515	−0.044%	$7.1M	$36.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4513	−0.089%	$40.0M	$57.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4511	−0.133%	$29.7M	$31.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4515	−0.044%	—	$70.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4514	−0.075%	$134K	$296K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4516	−0.029%	$2.0M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4516	−0.020%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4519	+0.045%	$604K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4521	+0.089%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4517	+0.007%	$47K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4528	+0.244%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4514	−0.066%	$216	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4520	+0.066%	$826K	$1.7M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4515	−0.044%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4512	−0.101%	$208K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4516	−0.033%	$31K	$500	3x	as long as short
Lighter WLD	+0.0128%	1h	0.4520	+0.066%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.417%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4512	−0.104%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0136%	1h	0.4522	+0.111%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4525	+0.168%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4519	+0.048%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4515	−0.044%	$4.8M	$917K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4525	+0.177%	$273K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0574%	1h	0.4518	+0.013%	$49.5M	$44.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1048%	1h	0.4516	−0.019%	$867K	$2.9M	50x	as long as short