Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.019%

Price spread now: KuCoin against Deribit−0.131%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$670.672% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now −0.131%, 7d avg −0.058%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.073% cheaper against Deribit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4581	0	get 0.0000% / 1h	50m 42s	$123K	$876K	25x
Short	KuCoin WLDUSDTM	0.4575	−0.0003	pay 0.0003% / 8h	7h 50m	$7.0M	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$0.63
Price spread: −0.131% → −0.058%: −$7.25
Slippage, 4 orders: −$48.16
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$75.04
Costs to cover: 0.672%
Break-even: never at this rate

Slippage from Deribit: live order book, 23 min ago; KuCoin: live order book, 8 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, 23 min ago	4.36 bp	7.9 bp −$8	17.6 bp −$176	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	3.28 bp	18.5 bp −$19	35.7 bp −$357	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	−0.0203%	8h	0.4577	−0.087%	$63K	$3.9M	1.7x	as long as short
KuCoin WLDUSDTMshort	−0.0003%	8h	0.4575	−0.131%	$7.0M	$11.0M	50x
dYdX WLD-USD	0.0000%	1h	0.4578	−0.070%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4581	long leg	$123K	$876K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4582	+0.024%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0011%	1h	0.4580	−0.016%	$276K	$169K	5x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4597	+0.349%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0041%	8h	0.4580	−0.022%	$28K	$904K	10x	as long as short
Gate WLD_USDT	+0.0048%	8h	0.4581	0.000%	$7.5M	$35.1M	75x	as long as short
ApeX Omni WLDUSDT	+0.0070%	1h	0.4594	+0.284%	$54K	$229K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4578	−0.076%	$192K	$984K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4580	−0.023%	$54K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4578	−0.065%	$86.5M	$303.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4582	+0.022%	$65.7M	$82.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4582	+0.022%	$34.3M	$143.4M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4582	+0.022%	$46.4M	$53.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4583	+0.044%	$30.4M	$26.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4582	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4577	−0.079%	$136K	$282K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4581	−0.005%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4590	+0.202%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4597	+0.349%	$610K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4583	+0.048%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4586	+0.109%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4580	−0.022%	$214	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4577	−0.087%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4579	−0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4583	+0.044%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4580	−0.014%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4581	−0.004%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4593	+0.262%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4583	+0.044%	$4.9M	$821K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4582	+0.015%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4581	+0.004%	$328	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0329%	1h	0.4583	+0.047%	$903K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4582	+0.022%	$273K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0725%	1h	0.4582	+0.031%	$50.8M	$43.4M	10x	as long as short
Lighter WLD	+0.1112%	1h	0.4588	+0.153%	$5.2M	$2.0M	10x	as long as short