Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h −0.029%

Price spread now: Kalshi against Deribit−0.109%7-day average −0.179% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Deribit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 3 days (all we have)−0.062%−$6 · spread now −0.109%, 7d avg −0.179%

Together, before fees−0.191%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.070% dearer against Deribit than usual: you sell high and buy low (spread −0.109% now, against its 7-day average of −0.179%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.129% in total) that is about 3.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% 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	Deribit WLD_USDC-PERPETUAL	0.4590	0	get 0.0000% / 1h	48m 45s	$123K	$861K	25x
Short	Kalshi KXWLDPERP	0.4585	−0.0203	pay 0.0203% / 8h	3h 48m	$63K	$3.9M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now −0.109%Rate

Funding earned: −$42.59
Price spread: −0.109% → −0.179%: $7
Slippage, 4 orders: −$26.14
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$78.73
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from Deribit: live order book, 25 min ago; Kalshi: 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, 25 min ago	4.36 bp	7.9 bp −$8	17.6 bp −$176	doesn't fit	doesn't fit
Sell Kalshi live order book, 5 min ago	1.09 bp	6.1 bp −$6	17.2 bp −$172	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 KXWLDPERPshort	−0.0203%	8h	0.4585	−0.109%	$63K	$3.9M	1.7x
Gate WLD_USDT	−0.0060%	8h	0.4588	−0.044%	$7.5M	$35.1M	75x	as long as short
KuCoin WLDUSDTM	−0.0006%	8h	0.4585	−0.109%	$7.0M	$11.1M	50x	as long as short
Nado WLD-PERP	−0.0003%	1h	0.4583	−0.147%	$276K	$169K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4586	−0.094%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4590	long leg	$123K	$861K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4584	−0.131%	$56K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4597	+0.153%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0041%	8h	0.4587	−0.065%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4588	−0.047%	$191K	$984K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4590	−0.004%	$54K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4589	−0.028%	$86.7M	$303.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4585	−0.109%	$65.7M	$82.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4585	−0.109%	$34.3M	$143.5M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4584	−0.131%	$46.4M	$53.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4585	−0.109%	$30.3M	$26.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4585	−0.109%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4592	+0.039%	$136K	$282K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4581	−0.201%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4590	+0.006%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4597	+0.153%	$610K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4579	−0.240%	$54K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4585	−0.113%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4587	−0.065%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4591	+0.022%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.087%	$854K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4588	−0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4585	−0.119%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4589	−0.025%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4581	−0.200%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4585	−0.102%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4587	−0.065%	$4.9M	$821K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4583	−0.148%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4588	−0.037%	$328	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0328%	1h	0.4594	+0.086%	$905K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4593	+0.065%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0728%	1h	0.4597	+0.150%	$51.0M	$43.4M	10x	as long as short
Lighter WLD	+0.0928%	1h	0.4601	+0.229%	$5.2M	$2.0M	10x	as long as short