Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.048%

Price spread now: BloFin against dYdX+0.063%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1261.261% of the position

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.257%+$26 · spread now +0.063%, 7d avg −0.008%

Together, before fees+0.602%+$60 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.071% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4589	0	get 0.0000% / 1h	26m 31s	$157K	$33K	10x
Short	BloFin WLD-USDT	0.4592	0.0220	get 0.0220% / 8h	4h 26m	$4.8M	$834K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.063%Rate

Funding earned: $46.2
Price spread: +0.063% → −0.008%: $7.06
Slippage, 4 orders: −$104.12
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$72.87
Costs to cover: 1.261%
Break-even: 18.0 days

Slippage from dYdX: live order book, 32 min ago; BloFin: live order book, 7 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, 32 min ago	38.30 bp	56.9 bp −$57	107.5 bp −$1,075	172.4 bp −$17.2K	520.0 bp −$260.0K
Sell BloFin live order book, 7 min ago	2.19 bp	17.7 bp −$18	25.0 bp −$250	55.8 bp −$5,581	129.3 bp −$64.6K

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	−0.0102%	8h	0.4593	+0.084%	$39K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0041%	1h	0.4586	−0.074%	$243K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0016%	8h	0.4589	−0.003%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4589	long leg	$157K	$33K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4589	−0.003%	$119K	$927K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4586	−0.071%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4544	−0.983%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0092%	8h	0.4588	−0.025%	$28K	$886K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4593	+0.095%	$5.0M	$2.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4602	+0.280%	$211K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4591	+0.041%	$49K	$527K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4589	−0.003%	$87.0M	$328.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4587	−0.046%	$65.3M	$89.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4591	+0.041%	$34.4M	$150.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4588	−0.025%	$7.2M	$37.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4588	−0.025%	$43.8M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4587	−0.046%	$30.3M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4585	−0.090%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4590	+0.026%	$134K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4589	−0.009%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4588	−0.027%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4600	+0.226%	$606K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4619	+0.651%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4589	+0.006%	$50K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4595	+0.128%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4591	+0.041%	$175	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.068%	$838K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4592	+0.063%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4586	−0.071%	$221K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4591	+0.033%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4589	−0.009%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4590	+0.015%	$328	$80	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4605	+0.339%	$5K	$52K	10x	as long as short
BloFin WLD-USDTshort	+0.0220%	8h	0.4592	+0.063%	$4.8M	$834K	75x
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4586	−0.078%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0310%	1h	0.4597	+0.176%	$50.5M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0478%	1h	0.4596	+0.142%	$889K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4608	+0.411%	$270K	$1.7M	50x	as long as short