Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.021%

Price spread now: Bitget against dYdX−0.065%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$265as in the Funding arb table

Net, price: spread back to 7d avg − costs−$280as in the Price arb table

costs, in and out, $10k−$2812.809% of the position

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 4 days (all we have)−0.468%−$47 · spread now −0.065%, 7d avg −0.074%

Together, before fees−0.308%−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.074%, 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	dYdX WLD-USD	0.4592	0	get 0.0000% / 1h	52m 50s	$157K	$6K	10x
Short	Bitget WLDUSDT	0.4589	0.0100	get 0.0100% / 8h	2h 52m	$30.3M	$24.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.065%Rate

Funding earned: $21
Price spread: −0.065% → −0.074%: $0.87
Slippage, 4 orders: −$258.89
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$259.02
Costs to cover: 2.809%
Break-even: 93.3 days

Slippage from dYdX: live order book, 36 min ago; Bitget: live order book, 1 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, 36 min ago	124.62 bp	129.6 bp −$130	129.6 bp −$1,296	168.8 bp −$16.9K	598.2 bp −$299.1K
Sell Bitget live order book, 1 min ago	1.09 bp	11.2 bp −$11	24.4 bp −$244	66.9 bp −$6,690	doesn't fit

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	−0.0406%	8h	0.4601	+0.196%	$31K	$3.7M	1.7x	as long as short
Variational Omni WLD	−0.0069%	8h	0.4630	+0.838%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0029%	8h	0.4594	+0.044%	$28K	$921K	10x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4592	long leg	$157K	$6K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4595	+0.065%	$154K	$785K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4599	+0.144%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0012%	8h	0.4590	−0.044%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0038%	8h	0.4588	−0.087%	$34.6M	$137.5M	50x	as long as short
Phoenix WLD	+0.0052%	1h	0.4597	+0.118%	$5K	$52K	10x	as long as short
Bybit WLDUSDT	+0.0064%	8h	0.4590	−0.044%	$67.4M	$78.5M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLD-PERP	+0.0079%	1h	0.4602	+0.229%	$275K	$168K	5x	as long as short
MEXC WLD_USDT	+0.0086%	8h	0.4585	−0.152%	$53.9M	$46.3M	300x	as long as short
Binance WLDUSDT	+0.0088%	8h	0.4590	−0.039%	$87.7M	$288.7M	75x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4591	−0.030%	$210K	$977K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4598	+0.127%	$55K	$475K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4586	−0.131%	$7.5M	$34.0M	75x	as long as short
Bitget WLDUSDTshort	+0.0100%	8h	0.4589	−0.065%	$30.3M	$24.9M	75x
BingX WLD-USDC	+0.0100%	8h	0.4588	−0.087%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4596	+0.091%	$130K	$281K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4620	+0.600%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4607	+0.326%	$624K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4632	+0.871%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4603	+0.242%	$56K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4599	+0.152%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4594	+0.044%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4596	+0.087%	$865K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4594	+0.044%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4592	+0.001%	$134K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4596	+0.087%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4600	+0.166%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0208%	8h	0.4593	+0.022%	$5.0M	$881K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0223% / S −0.1831%	1h	0.4597	+0.113%	$9K	—	100x	as long as short
Hyperliquid WLD	+0.0367%	1h	0.4597	+0.111%	$47.7M	$40.4M	10x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+0.653%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4605	+0.283%	$277K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0784%	1h	0.4628	+0.793%	$331	$77	5x	as long as short
Lighter WLD	+0.1024%	1h	0.4600	+0.183%	$5.1M	$1.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1085%	1h	0.4597	+0.109%	$922K	$2.5M	50x	as long as short