Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.009%

Price spread now: dYdX against Binance+0.035%49s7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$279as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2722.723% of the position

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.035%, 7d avg +0.027%

Together, before fees−0.126%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLDUSDT	0.4628	0.0100	pay 0.0100% / 8h	53m 50s	$87.7M	$298.4M	75x
Short	dYdX WLD-USD	0.4630	0	get 0.0000% / 1h	53m 50s	$165K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$21
Price spread: +0.035% → +0.027%: $0.75
Slippage, 4 orders: −$252.35
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$292.6
Costs to cover: 2.723%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; dYdX: live order book, 25 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 Binance live order book, 5 min ago	1.08 bp	6.3 bp −$6	13.7 bp −$137	52.2 bp −$5,221	206.0 bp −$103.0K
Sell dYdX live order book, 25 min ago	91.21 bp	162.0 bp −$162	227.9 bp −$2,279	239.5 bp −$24.0K	613.9 bp −$307.0K

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	−0.0244%	8h	0.4629	+0.015%	$42K	$3.8M	1.7x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4630	+0.035%	$165K	$13K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4630	+0.037%	$110K	$881K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4629	+0.019%	$58K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0010%	8h	0.4630	+0.037%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTM	+0.0015%	8h	0.4626	−0.050%	$7.1M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0074%	1h	0.4627	−0.028%	$279K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4631	+0.059%	$196K	$999K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4632	+0.076%	$53K	$481K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4628	long leg	$87.7M	$298.4M	75x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4628	−0.006%	$66.3M	$82.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4626	−0.050%	$34.5M	$143.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4629	+0.015%	$7.5M	$35.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4628	−0.006%	$50.1M	$51.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4627	−0.028%	$30.6M	$25.7M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4628	−0.006%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4631	+0.067%	$131K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4623	−0.117%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4618	−0.225%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4625	−0.071%	$621K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4624	−0.093%	$56K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4631	+0.054%	$42K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4636	+0.167%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4629	+0.015%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	−0.093%	$873K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4630	+0.037%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4627	−0.036%	$237K	$859K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4632	+0.069%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4617	−0.253%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4628	+0.002%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4625	−0.071%	$4.9M	$824K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0261% / S −0.2221%	1h	0.4630	+0.038%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4633	+0.104%	$331	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.352%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4638	+0.210%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0626%	1h	0.4634	+0.134%	$50.4M	$42.8M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0710%	1h	0.4634	+0.124%	$925K	$2.6M	50x	as long as short
Lighter WLD	+0.1568%	1h	0.4642	+0.294%	$5.3M	$2.0M	10x	as long as short