Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.013%

Price spread now: Deribit against KuCoin+0.220%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$720.715% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.185%+$19 · spread now +0.220%, 7d avg +0.056%

Together, before fees+0.094%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.164% dearer against KuCoin than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4547	−0.0032	get 0.0032% / 8h	4h 39m	$6.9M	$11.7M	50x
Short	Deribit WLD_USDC-PERPETUAL	0.4557	0	get 0.0000% / 1h	39m 58s	$118K	$927K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now +0.220%Rate

Funding earned: $6.72
Price spread: +0.220% → +0.056%: $16.38
Slippage, 4 orders: −$52.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$48.4
Costs to cover: 0.715%
Break-even: 57.4 days

Slippage from KuCoin: live order book, 4 min ago; Deribit: live order book, 19 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 KuCoin live order book, 4 min ago	2.20 bp	25.5 bp −$26	50.2 bp −$502	doesn't fit	doesn't fit
Sell Deribit live order book, 19 min ago	3.28 bp	6.8 bp −$7	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
Kalshi KXWLDPERP	−0.0105%	8h	0.4570	+0.506%	$57K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0062%	1h	0.4561	+0.308%	$242K	$205K	5x	as long as short
KuCoin WLDUSDTMlong	−0.0032%	8h	0.4547	long leg	$6.9M	$11.7M	50x
dYdX WLD-USD	0.0000%	1h	0.4567	+0.433%	$156K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4557	+0.220%	$118K	$927K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4556	+0.195%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	+0.242%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4567	+0.429%	$327	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0086%	8h	0.4555	+0.176%	$28K	$888K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4558	+0.233%	$4.9M	$2.4M	10x	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	0.4556	+0.200%	$199K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4569	+0.494%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4550	+0.066%	$86.3M	$327.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4548	+0.022%	$64.8M	$88.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4549	+0.044%	$34.2M	$148.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4552	+0.110%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4551	+0.088%	$44.2M	$53.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4548	+0.022%	$30.0M	$30.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4549	+0.044%	—	$67.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4554	+0.152%	$135K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4554	+0.146%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4565	+0.397%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4565	+0.396%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4565	+0.396%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4559	+0.271%	$48K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4565	+0.396%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4554	+0.154%	$174	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	+0.242%	$834K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4553	+0.132%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4547	+0.007%	$218K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4557	+0.225%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4559	+0.269%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4569	+0.493%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0176%	1h	0.4557	+0.227%	$50.0M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4562	+0.330%	$4.9M	$850K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4558	+0.241%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0481%	1h	0.4559	+0.262%	$882K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4575	+0.616%	$269K	$1.7M	50x	as long as short