WLD arbitrage explained
Right now Worldcoin (WLD) trades on 12 venues we scan: 11 perpetual markets, 7 spot markets and 1 DEX pool. The lowest ask is on OKX perp at $0.5197 and the highest bid on Aster perp at $0.5203.
The widest WLD perpetual spread is between OKX and Aster: long WLD on OKX at $0.5197 and short on Aster at $0.5203 for +0.12% gross, or -0.04% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best WLD route is to buy spot on Binance and short the perpetual on Aster: +0.02% gross, -0.18% net, with +0.030% a day of funding on the short leg.
Spot–spot WLD arbitrage (buy on Binance, withdraw, deposit and sell on Bybit) shows -0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small WLD gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: WLD funding rates · WLD spread charts · Worldcoin price · arbitrage scanner for all coins.