Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.021%

Price spread now: Bitget against 01 Exchange−0.065%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.065% cheaper against 01 Exchange than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange WLDUSD	0.4492	0.0200	pay 0.0025% / 1h	0m 04s	$321	$55	5x
Short	Bitget WLDUSDT	0.4489	0.0100	get 0.0100% / 8h	3h 00m	$29.5M	$30.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against 01 Exchange. 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 01 ExchangebpFee BitgetbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$21
Price spread: −0.065% → 0.000%: −$6.46
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.46
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bitget: live order book, 4 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	1.12 bp	13.0 bp −$13	27.4 bp −$274	54.1 bp −$5,410	doesn't fit

01 Exchange: 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
Nado WLD-PERP	−0.0037%	1h	0.4490	−0.042%	$238K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4487	−0.105%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4486	−0.131%	$75K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4493	+0.024%	$130K	$999K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4491	−0.020%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0031%	8h	0.4488	−0.087%	$6.7M	$11.8M	50x	as long as short
Polymarket Perps WLD-USD	+0.0085%	1h	0.4489	−0.071%	$63K	$2.4M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4490	−0.042%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4487	−0.100%	$220K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4488	−0.090%	$50K	$526K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4489	−0.067%	$85.2M	$335.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4490	−0.042%	$63.9M	$91.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4490	−0.042%	$33.7M	$151.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4490	−0.042%	$7.1M	$37.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4489	−0.065%	$38.9M	$56.3M	300x	as long as short
Bitget WLDUSDTshort	+0.0100%	8h	0.4489	−0.065%	$29.5M	$30.5M	75x
BingX WLD-USDC	+0.0100%	8h	0.4490	−0.042%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4491	−0.024%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4481	−0.249%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4487	−0.113%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4494	+0.047%	$596K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4486	−0.131%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4497	+0.114%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4490	−0.042%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4483	−0.198%	$819K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4489	−0.065%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4489	−0.069%	$219K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4491	−0.020%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4491	−0.025%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4538	+1.026%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4486	−0.142%	$5K	$52K	10x	as long as short
01 Exchange WLDUSDlong	+0.0200%	1h	0.4492	long leg	$321	$55	5x
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4491	−0.019%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4481	−0.243%	$4.8M	$920K	75x	as long as short
Hyperliquid WLD	+0.0250%	1h	0.4494	+0.051%	$48.7M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0529%	1h	0.4490	−0.035%	$859K	$2.9M	50x	as long as short
Lighter WLD	+0.0552%	1h	0.4494	+0.036%	$4.9M	$2.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4493	+0.024%	$264K	$1.6M	50x	as long as short