Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.024%

Price spread now: Bitget against gTrade (Gains Network)−0.332%55s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bitget is 0.332% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.332% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 11 days of funding at the current rate (+$3 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WLD/USD	0.4589	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	55m 28s	$56K	—	150x
Short	Bitget WLDUSDT	0.4574	0.0100	get 0.0100% / 8h	7h 55m	$30.3M	$26.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BitgetbpOrdersPrice spread, now −0.332%Rate

Funding earned: $20.33
Price spread: −0.332% → 0.000%: −$33.16
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.84
Costs to cover: 0.220%
Break-even: 19.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 3 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	1.09 bp	11.9 bp −$12	25.0 bp −$250	63.1 bp −$6,306	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Gate WLD_USDT	−0.0231%	8h	0.4576	−0.288%	$7.5M	$34.9M	75x	as long as short
Kalshi KXWLDPERP	−0.0208%	8h	0.4593	+0.082%	$65K	$3.9M	1.7x	as long as short
ApeX Omni WLDUSDT	−0.0046%	1h	0.4583	−0.136%	$54K	$228K	50x	as long as short
KuCoin WLDUSDTM	−0.0001%	8h	0.4573	−0.353%	$7.0M	$11.0M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4574	−0.336%	$163K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USDlong	L +0.0003% / S −0.0003%	1h	0.4589	long leg	$56K	—	150x
Nado WLD-PERP	+0.0037%	1h	0.4576	−0.288%	$276K	$169K	5x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4585	−0.092%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0040%	8h	0.4588	−0.027%	$28K	$905K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4576	−0.287%	$191K	$1.0M	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	0.4576	−0.298%	$54K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4576	−0.295%	$86.5M	$303.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4575	−0.310%	$65.7M	$82.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4575	−0.310%	$34.3M	$143.4M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4575	−0.310%	$46.4M	$53.1M	300x	as long as short
Bitget WLDUSDTshort	+0.0100%	8h	0.4574	−0.332%	$30.3M	$26.1M	75x
BingX WLD-USDT	+0.0100%	8h	0.4575	−0.310%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4594	+0.106%	$137K	$283K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4593	+0.080%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4577	−0.256%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4589	+0.006%	$609K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4577	−0.262%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4593	+0.082%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4591	+0.039%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.070%	$853K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4594	+0.104%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4571	−0.405%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4590	+0.026%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4583	−0.131%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4573	−0.346%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0186%	1h	0.4592	+0.061%	$123K	$892K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4585	−0.092%	$4.9M	$820K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4588	−0.032%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4577	−0.260%	$327	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0328%	1h	0.4594	+0.115%	$905K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4598	+0.191%	$273K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0747%	1h	0.4586	−0.064%	$50.9M	$43.6M	10x	as long as short
Lighter WLD	+0.1152%	1h	0.4583	−0.129%	$5.2M	$2.0M	10x	as long as short