Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.048%

Price spread now: dYdX against BloFin+0.026%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$332as in the Funding arb table

Net, price: spread back to 7d avg − costs−$295as in the Price arb table

costs, in and out, $10k−$2982.978% of the position

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.345%−$34 on $10k

Price spread, last 3 days (all we have)−0.158%−$16 · spread now +0.026%, 7d avg −0.002%

Together, before fees−0.503%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.028% dearer against BloFin than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.002%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLD-USDT	0.4725	0.0220	pay 0.0220% / 8h	7h 08m	$5.1M	$878K	75x
Short	dYdX WLD-USD	0.4726	0	get 0.0000% / 1h	8m 47s	$169K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$46.2
Price spread: +0.026% → −0.002%: $2.85
Slippage, 4 orders: −$275.84
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$341.2
Costs to cover: 2.978%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; dYdX: live order book, 65 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 BloFin live order book, 5 min ago	3.15 bp	11.1 bp −$11	16.5 bp −$165	40.0 bp −$4,004	124.2 bp −$62.1K
Sell dYdX live order book, 65 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
Kalshi KXWLDPERP	−0.0160%	8h	0.4718	−0.148%	$24K	$4.0M	1.7x	as long as short
Nado WLD-PERP	−0.0026%	1h	0.4723	−0.042%	$274K	$178K	5x	as long as short
KuCoin WLDUSDTM	−0.0010%	8h	0.4723	−0.042%	$7.1M	$11.2M	50x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4726	+0.026%	$169K	$12K	10x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4722	−0.063%	$56K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4744	+0.402%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0050%	8h	0.4722	−0.063%	$29K	$900K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4728	+0.055%	$211K	$995K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4728	+0.054%	$56K	$485K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4727	+0.032%	$90.5M	$310.9M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4726	+0.021%	$68.4M	$83.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4725	0.000%	$35.9M	$150.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4725	0.000%	$7.5M	$36.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4726	+0.021%	$49.2M	$55.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4729	+0.085%	$31.6M	$27.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4728	+0.063%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4727	+0.036%	$140K	$277K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4717	−0.175%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4724	−0.022%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4749	+0.516%	$627K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4723	−0.042%	$57K	$232K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4724	−0.013%	$44K	$1.8M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4729	+0.085%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4727	+0.042%	$229	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4721	−0.085%	$898K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4724	−0.021%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4726	+0.030%	$218K	$894K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4726	+0.024%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4721	−0.084%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4726	+0.021%	$5K	$53K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0173%	1h	0.4725	0.000%	$135K	$863K	25x	as long as short
BloFin WLD-USDTlong	+0.0220%	8h	0.4725	long leg	$5.1M	$878K	75x
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4723	−0.039%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4721	−0.076%	$338	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0319%	1h	0.4731	+0.122%	$937K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4731	+0.127%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0875%	1h	0.4738	+0.275%	$53.1M	$44.0M	10x	as long as short
Lighter WLD	+0.1024%	1h	0.4737	+0.258%	$5.4M	$2.0M	10x	as long as short