Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: Bybit against Gate−0.044%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$490.492% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.044%, 7d avg −0.012%

Together, before fees+0.040%+$4 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: Bybit is 0.032% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4543	0.0100	pay 0.0100% / 8h	2h 17m	$7.2M	$37.6M	75x
Short	Bybit WLDUSDT	0.4541	0.0100	get 0.0100% / 8h	2h 17m	$64.7M	$91.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.012%: −$3.2
Slippage, 4 orders: −$23.16
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$52.36
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bybit: 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 Gate live order book, 2 min ago	1.10 bp	14.6 bp −$15	36.1 bp −$361	56.3 bp −$5,631	doesn't fit
Sell Bybit live order book, 2 min ago	1.10 bp	8.4 bp −$8	17.3 bp −$173	120.0 bp −$12.0K	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
Nado WLD-PERP	−0.0054%	1h	0.4545	+0.044%	$244K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4540	−0.064%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4530	−0.286%	$53K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4542	−0.024%	$66K	—	150x	as long as short
01 Exchange WLDUSD	+0.0048%	1h	0.4545	+0.040%	$325	$55	5x	as long as short
KuCoin WLDUSDTM	+0.0052%	8h	0.4542	−0.022%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0069%	1h	0.4541	−0.037%	$40K	$2.4M	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4546	+0.073%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4542	−0.022%	$28K	$796K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4540	−0.061%	$226K	$1.1M	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	0.4545	+0.039%	$51K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4543	−0.004%	$86.5M	$338.3M	75x	as long as short
Bybit WLDUSDTshort	+0.0100%	8h	0.4541	−0.044%	$64.7M	$91.4M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4540	−0.066%	$34.3M	$154.5M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4543	long leg	$7.2M	$37.6M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4541	−0.044%	$39.3M	$56.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4541	−0.044%	$30.0M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4541	−0.044%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4546	+0.064%	$135K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4510	−0.733%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4512	−0.682%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4535	−0.176%	$605K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4536	−0.154%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4547	+0.088%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4545	+0.044%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4539	−0.088%	$831K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4544	+0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4545	+0.040%	$222K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4540	−0.059%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4540	−0.060%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4534	−0.203%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	−0.660%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0190%	1h	0.4543	0.000%	$145K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4541	−0.054%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4535	−0.176%	$4.8M	$921K	75x	as long as short
Hyperliquid WLD	+0.0266%	1h	0.4548	+0.108%	$49.1M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0498%	1h	0.4548	+0.119%	$866K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4548	+0.110%	$277K	$1.7M	50x	as long as short