Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h −0.026%

Price spread now: Deribit against OKX+0.218%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$450.455% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 4 days (all we have)+0.617%+$62 · spread now +0.218%, 7d avg +0.070%

Together, before fees+0.525%+$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.149% dearer against OKX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.070%. Mind the row above: over the last 7 days funding on this pair cost −0.092%, 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	OKX WLD-USDT-SWAP	0.4579	0.0100	pay 0.0100% / 8h	5h 07m	$34.4M	$148.8M	50x
Short	Deribit WLD_USDC-PERPETUAL	0.4589	0.0186	get 0.0023% / 1h	7m 39s	$115K	$923K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now +0.218%Rate

Funding earned: $18.06
Price spread: +0.218% → +0.070%: $14.89
Slippage, 4 orders: −$28.46
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$12.51
Costs to cover: 0.455%
Break-even: 11.8 days

Slippage from OKX: live order book, 1 min ago; Deribit: live order book, 56 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 OKX live order book, 1 min ago	1.09 bp	9.1 bp −$9	18.0 bp −$180	doesn't fit	doesn't fit
Sell Deribit live order book, 56 min ago	6.41 bp	18.2 bp −$18	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	−0.0119%	8h	0.4590	+0.240%	$40K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0030%	8h	0.4577	−0.044%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4578	−0.020%	$163K	$26K	10x	as long as short
Nado WLD-PERP	+0.0002%	1h	0.4585	+0.120%	$242K	$204K	5x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4589	+0.214%	$55K	—	150x	as long as short
01 Exchange WLDUSD	+0.0048%	1h	0.4588	+0.194%	$328	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0079%	8h	0.4586	+0.153%	$28K	$890K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4588	+0.198%	$182K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4580	+0.018%	$49K	$522K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4578	−0.022%	$87.1M	$327.5M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4577	−0.044%	$65.5M	$88.6M	50x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4579	long leg	$34.4M	$148.8M	50x
Gate WLD_USDT	+0.0100%	8h	0.4580	+0.022%	$7.2M	$37.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4579	0.000%	$44.5M	$54.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4577	−0.044%	$30.4M	$29.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4580	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4583	+0.079%	$138K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4615	+0.777%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4617	+0.820%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4622	+0.947%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4629	+1.092%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4587	+0.175%	$47K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4594	+0.328%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4586	+0.153%	$176	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	+0.153%	$838K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4587	+0.175%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4579	−0.005%	$212K	$955K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4565	−0.312%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4584	+0.113%	—	—	20x	as long as short
Lighter WLD	+0.0144%	1h	0.4583	+0.092%	$5.0M	$2.3M	10x	as long as short
Phoenix WLD	+0.0172%	1h	0.4621	+0.919%	$5K	$57K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	+0.0186%	1h	0.4589	+0.218%	$115K	$923K	25x
BloFin WLD-USDT	+0.0220%	8h	0.4594	+0.328%	$5.0M	$801K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4588	+0.191%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0447%	1h	0.4584	+0.109%	$50.3M	$43.1M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4592	+0.284%	$271K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	+1.245%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0902%	1h	0.4589	+0.216%	$888K	$2.9M	50x	as long as short