Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.021%

Price spread now: dYdX against BingX−0.007%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$308as in the Funding arb table

Net, price: spread back to 7d avg − costs−$290as in the Price arb table

costs, in and out, $10k−$2892.893% of the position

Long on BingX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.187%−$19 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLD-USDT	0.4764	0.0100	pay 0.0100% / 8h	7h 15m	—	$67.2M	—
Short	dYdX WLD-USD	0.4764	0	get 0.0000% / 1h	15m 18s	$170K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BingX. 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 BingXbpFee dYdXbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$21
Price spread: −0.007% → 0.000%: −$0.65
Slippage, 4 orders: −$269.25
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$310.9
Costs to cover: 2.893%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; dYdX: live order book, 59 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 BingX live order book, 9 min ago	1.06 bp	6.1 bp −$6	11.4 bp −$114	22.2 bp −$2,224	101.7 bp −$50.9K
Sell dYdX live order book, 59 min ago	98.52 bp	171.5 bp −$172	263.3 bp −$2,633	472.6 bp −$47.3K	905.8 bp −$452.9K

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
Phemex WLDUSDT	−0.0219%	8h	0.4757	−0.147%	$1.9M	$3.7M	50x	as long as short
Kalshi KXWLDPERP	−0.0165%	8h	0.4755	−0.189%	$30K	$4.0M	1.7x	as long as short
Nado WLD-PERP	−0.0033%	1h	0.4767	+0.063%	$277K	$178K	5x	as long as short
KuCoin WLDUSDTM	−0.0013%	8h	0.4764	0.000%	$7.1M	$11.2M	50x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4764	−0.007%	$170K	$12K	10x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0002%	1h	0.4765	+0.021%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4744	−0.420%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0049%	8h	0.4765	+0.021%	$29K	$902K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4763	−0.020%	$213K	$979K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4765	+0.021%	$56K	$482K	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	0.4765	+0.026%	$91.2M	$309.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4764	0.000%	$69.1M	$83.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4767	+0.063%	$36.2M	$151.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4764	0.000%	$7.7M	$36.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4766	+0.042%	$49.9M	$54.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4766	+0.042%	$32.0M	$27.1M	75x	as long as short
BingX WLD-USDTlong	+0.0100%	8h	0.4764	long leg	—	$67.2M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4760	−0.092%	$141K	$277K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4758	−0.131%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4742	−0.452%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4751	−0.273%	$627K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4743	−0.441%	$57K	$232K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4768	+0.076%	$47K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4772	+0.168%	$24K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4766	+0.042%	$230	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4767	+0.063%	$884K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4765	+0.020%	$220K	$894K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4765	+0.027%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4765	+0.021%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4760	−0.078%	$5K	$53K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0170%	1h	0.4768	+0.084%	$137K	$863K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4745	−0.399%	$5.0M	$881K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0240% / S −0.1538%	1h	0.4764	+0.010%	$7K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4769	+0.101%	$341	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0316%	1h	0.4770	+0.118%	$945K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4771	+0.147%	$279K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0875%	1h	0.4775	+0.233%	$53.6M	$44.0M	10x	as long as short
Lighter WLD	+0.1016%	1h	0.4773	+0.197%	$5.4M	$2.0M	10x	as long as short