Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.006%

Price spread now: KuCoin against dYdX−0.060%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1291.292% of the position

Long on dYdX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 4 days (all we have)−0.404%−$40 · spread now −0.060%, 7d avg −0.040%

Together, before fees−0.293%−$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.020% cheaper against dYdX than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.040%). If the spread goes back, that is −$2 on $10k: about 22 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4521	0.0026	pay 0.0003% / 1h	45m 27s	$154K	$32K	10x
Short	KuCoin WLDUSDTM	0.4518	0.0100	get 0.0100% / 8h	7h 45m	$6.6M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.060%Rate

Funding earned: $15.46
Price spread: −0.060% → −0.040%: −$2.04
Slippage, 4 orders: −$107.22
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$115.79
Costs to cover: 1.292%
Break-even: 59.4 days

Slippage from dYdX: live order book, 53 min ago; KuCoin: 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 dYdX live order book, 53 min ago	38.55 bp	43.6 bp −$44	45.5 bp −$455	141.3 bp −$14.1K	574.9 bp −$287.5K
Sell KuCoin live order book, 3 min ago	1.11 bp	19.3 bp −$19	49.9 bp −$499	doesn't fit	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
Nado WLD-PERP	−0.0008%	1h	0.4521	−0.005%	$235K	$175K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4523	+0.050%	$36K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4523	+0.050%	$118K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4523	+0.048%	$65K	—	150x	as long as short
dYdX WLD-USDlong	+0.0026%	1h	0.4521	long leg	$154K	$32K	10x
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4522	+0.028%	$27K	$620K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4522	+0.025%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4520	−0.016%	$54K	$543K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4521	+0.006%	$86.7M	$332.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4519	−0.038%	$63.9M	$89.3M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4521	+0.006%	$34.2M	$149.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4518	−0.060%	$7.1M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4520	−0.016%	$42.1M	$55.6M	300x	as long as short
KuCoin WLDUSDTMshort	+0.0100%	8h	0.4518	−0.060%	$6.6M	$11.6M	50x
Bitget WLDUSDT	+0.0100%	8h	0.4520	−0.016%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4519	−0.038%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4523	+0.052%	$132K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4519	−0.044%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4520	−0.025%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4526	+0.115%	$601K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4529	+0.183%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4522	+0.039%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4530	+0.205%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4522	+0.028%	$214	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4522	+0.028%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4522	+0.028%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4516	−0.097%	$208K	$876K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4523	+0.057%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.282%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4519	−0.043%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0184%	1h	0.4525	+0.083%	$324	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4526	+0.117%	$4K	$44K	10x	as long as short
Hyperliquid WLD	+0.0214%	1h	0.4526	+0.105%	$50.1M	$43.1M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4522	+0.038%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4526	+0.117%	$4.4M	$911K	75x	as long as short
Lighter WLD	+0.0264%	1h	0.4522	+0.028%	$4.9M	$2.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0303%	1h	0.4524	+0.064%	$870K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4527	+0.139%	$269K	$1.6M	50x	as long as short