Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
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 −0.025%
Price spread now: Bybit against Phemex−0.414%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1351.355% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.123%−$12 on $10k
Price spread, last 3 days (all we have)+0.229%+$23 · spread now −0.414%, 7d avg −0.040%
Together, before fees+0.106%+$11 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 0.373% cheaper against Phemex than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of −0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex WLDUSDT0.45940.0100pay 0.0100% / 8h7h 55m$1.8M$3.7M50x
ShortBybit WLDUSDT0.45750.0100get 0.0100% / 8h7h 55m$65.7M$82.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Phemex. 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

Funding earned
$0
Price spread: −0.414% → −0.040%
−$37.32
Slippage, 4 orders
−$112.46
Fee Phemex: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$172.78
Costs to cover
1.355%
Break-even
never at this rate
Slippage from Phemex: live order book, 3 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago15.29 bp71.0 bp −$71doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago1.10 bp10.5 bp −$1121.1 bp −$211129.4 bp −$12.9Kdoesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate WLD_USDT−0.0231%8h0.4576−0.392%$7.5M$34.9M75xas long as short
Kalshi KXWLDPERP−0.0208%8h0.4593−0.022%$65K$3.9M1.7xas long as short
ApeX Omni WLDUSDT−0.0046%1h0.4583−0.239%$54K$228K50xas long as short
KuCoin WLDUSDTM−0.0001%8h0.4573−0.457%$7.0M$11.0M50xas long as short
dYdX WLD-USD0.0000%1h0.4574−0.439%$163K$13K10xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4589−0.104%$56K150xas long as short
Nado WLD-PERP+0.0037%1h0.4576−0.392%$276K$169K5xas long as short
Injective WLD/USDC PERP+0.0038%1h0.4585−0.196%$6K$185K5.5xas long as short
Orderly PERP_WLD_USDC+0.0040%8h0.4588−0.131%$28K$905K10xas long as short
Aster WLDUSDT+0.0100%8h0.4576−0.390%$191K$1.0M50xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica WLD+0.0100%1h0.4576−0.402%$54K$487K5xas long as short
Binance WLDUSDT+0.0100%8h0.4576−0.399%$86.5M$303.9M75xas long as short
Bybit WLDUSDTshort+0.0100%8h0.4575−0.414%$65.7M$82.6M50x
OKX WLD-USDT-SWAP+0.0100%8h0.4575−0.414%$34.3M$143.4M50xas long as short
MEXC WLD_USDT+0.0100%8h0.4575−0.414%$46.4M$53.1M300xas long as short
Bitget WLDUSDT+0.0100%8h0.4574−0.435%$30.3M$26.1M75xas long as short
BingX WLD-USDT+0.0100%8h0.4575−0.414%$67.1Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4594+0.002%$137K$283K10xas long as short
Variational Omni WLD+0.0100%8h0.4593−0.024%$2.0M$1.7Mas long as short
edgeX WLDUSDC+0.0100%4h0.4577−0.359%$27K$316K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4589−0.098%$609K$1.9M10xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4577−0.366%$48K$1.6M10xas long as short
SunX WLD-USDT+0.0100%8h0.4593−0.022%$23K$1.5M50xas long as short
SoDEX WLD-USD+0.0100%1h0.4591−0.065%$212$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4586−0.174%$853K$1.8M50xas long as short
Phemex WLDUSDTlong+0.0100%8h0.4594long leg$1.8M$3.7M50x
Extended WLD-USD+0.0104%1h0.4571−0.508%$231K$847K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4590−0.078%$31K$5K3xas long as short
Phoenix WLD+0.0104%1h0.4583−0.235%$5K$53K10xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4573−0.449%20xas long as short
Deribit WLD_USDC-PERPETUAL+0.0186%1h0.4592−0.044%$123K$892K25xas long as short
BloFin WLD-USDT+0.0220%8h0.4585−0.196%$4.9M$820K75xas long as short
GMX WLD/USD [ETH-USDC]L +0.0229% / S −0.1268%1h0.4588−0.136%$5K100xas long as short
01 Exchange WLDUSD+0.0272%1h0.4577−0.364%$327$775xas long as short
Kraken Futures PF_WLDUSD+0.0328%1h0.4594+0.010%$905K$2.7M50xas long as short
Coinbase International WLD-PERP-INTX+0.0448%1h0.4598+0.087%$273K$1.7M50xas long as short
Hyperliquid WLD+0.0747%1h0.4586−0.168%$50.9M$43.6M10xas long as short
Lighter WLD+0.1152%1h0.4583−0.233%$5.2M$2.0M10xas long as short