Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: MEXC against Bybit+0.022%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days+0.014%+$1 · spread now +0.022%, 7d avg +0.013%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLDUSDT	0.4542	0.0100	pay 0.0100% / 8h	41m 01s	$64.6M	$89.2M	50x
Short	MEXC WLD_USDT	0.4543	0.0100	get 0.0100% / 8h	41m 01s	$41.6M	$56.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.013%: $0.9
Slippage, 4 orders: −$9.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$20.01
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 3 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 Bybit live order book, 3 min ago	1.10 bp	8.8 bp −$9	17.5 bp −$175	127.5 bp −$12.8K	doesn't fit
Sell MEXC live order book, 3 min ago	1.10 bp	1.1 bp −$1	5.0 bp −$50	20.8 bp −$2,083	68.6 bp −$34.3K

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
Injective WLD/USDC PERP	−0.0309%	1h	0.4524	−0.396%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0053%	1h	0.4545	+0.055%	$237K	$167K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4545	+0.068%	$155K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4548	+0.132%	$44K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4544	+0.044%	$141K	$979K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4543	+0.019%	$66K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4543	+0.022%	$27K	$714K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4546	+0.094%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4546	+0.090%	$49K	$532K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4545	+0.065%	$87.2M	$333.7M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDTlong	+0.0100%	8h	0.4542	long leg	$64.6M	$89.2M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4542	0.000%	$34.4M	$152.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4545	+0.066%	$7.2M	$35.6M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4543	+0.022%	$41.6M	$56.2M	300x
KuCoin WLDUSDTM	+0.0100%	8h	0.4542	0.000%	$6.7M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4544	+0.044%	$30.1M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4543	+0.022%	—	$72.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4546	+0.079%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4547	+0.102%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4541	−0.024%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4546	+0.089%	$607K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4541	−0.022%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4544	+0.042%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4550	+0.176%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4543	+0.022%	$217	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4542	0.000%	$830K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4543	+0.022%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4541	−0.016%	$210K	$913K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4544	+0.039%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4541	−0.028%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4548	+0.132%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4553	+0.242%	$5K	$43K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4542	−0.011%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4543	+0.022%	$4.8M	$908K	75x	as long as short
01 Exchange WLDUSD	+0.0232%	1h	0.4547	+0.110%	$325	$55	5x	as long as short
Hyperliquid WLD	+0.0433%	1h	0.4551	+0.196%	$50.5M	$43.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4547	+0.110%	$273K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0455%	1h	0.4544	+0.052%	$871K	$2.8M	50x	as long as short