Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.012%

Price spread now: Binance against dYdX+0.105%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$235as in the Price arb table

costs, in and out, $10k−$2482.477% of the position

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.105%, 7d avg −0.025%

Together, before fees−0.111%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.130% dearer against dYdX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4625	0	get 0.0000% / 1h	41m 12s	$165K	$26K	10x
Short	Binance WLDUSDT	0.4630	0.0100	get 0.0100% / 8h	5h 41m	$87.9M	$325.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now +0.105%Rate

Funding earned: $21
Price spread: +0.105% → −0.025%: $13.02
Slippage, 4 orders: −$227.71
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$213.7
Costs to cover: 2.477%
Break-even: 78.2 days

Slippage from dYdX: live order book, 23 min ago; Binance: live order book, 2 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 dYdX live order book, 23 min ago	109.63 bp	114.6 bp −$115	120.1 bp −$1,201	124.1 bp −$12.4K	198.6 bp −$99.3K
Sell Binance live order book, 2 min ago	1.07 bp	10.5 bp −$10	19.8 bp −$198	63.7 bp −$6,372	197.9 bp −$98.9K

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	−0.0139%	8h	0.4632	+0.149%	$58K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0038%	8h	0.4627	+0.041%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4625	long leg	$165K	$26K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4632	+0.149%	$120K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4633	+0.166%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0068%	1h	0.4633	+0.170%	$268K	$187K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0071%	8h	0.4630	+0.105%	$28K	$893K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4634	+0.193%	$177K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4626	+0.019%	$51K	$508K	5x	as long as short
Binance WLDUSDTshort	+0.0100%	8h	0.4630	+0.105%	$87.9M	$325.0M	75x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4630	+0.105%	$66.1M	$87.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4630	+0.105%	$35.0M	$149.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4632	+0.149%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4631	+0.127%	$45.6M	$54.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4631	+0.127%	$30.7M	$29.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4633	+0.170%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4638	+0.278%	$138K	$290K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4628	+0.056%	$2.1M	$1.8M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4640	+0.325%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4659	+0.724%	$617K	$1.8M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4646	+0.451%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4634	+0.201%	$54K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4639	+0.300%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4631	+0.127%	$290	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	−0.024%	$844K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4635	+0.214%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4627	+0.047%	$213K	$927K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4629	+0.084%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4631	+0.131%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4632	+0.155%	$331	$80	5x	as long as short
Phoenix WLD	+0.0172%	1h	0.4639	+0.309%	$5K	$57K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4627	+0.041%	$5.0M	$803K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4634	+0.183%	$5K	—	100x	as long as short
Lighter WLD	+0.0368%	1h	0.4636	+0.231%	$5.0M	$2.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4640	+0.322%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0540%	1h	0.4640	+0.313%	$51.6M	$42.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4650	+0.538%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0894%	1h	0.4634	+0.199%	$902K	$2.9M	50x	as long as short