Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.010%

Price spread now: MEXC against dYdX+0.002%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$600.600% of the position

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 4 days (all we have)−0.115%−$12 · spread now +0.002%, 7d avg −0.031%

Together, before fees−0.004%$0 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 MEXC is 0.033% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4436	0.0006	pay 0.0001% / 1h	30m 39s	$151K	$31K	10x
Short	MEXC WLD_USDT	0.4436	0.0100	get 0.0100% / 8h	5h 30m	$40.0M	$55.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.002%Rate

Funding earned: $19.78
Price spread: +0.002% → −0.031%: $3.3
Slippage, 4 orders: −$49.99
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$36.92
Costs to cover: 0.600%
Break-even: 20.1 days

Slippage from dYdX: live order book, 16 min ago; MEXC: 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, 16 min ago	20.11 bp	25.1 bp −$25	95.1 bp −$951	145.6 bp −$14.6K	195.4 bp −$97.7K
Sell MEXC live order book, 1 min ago	1.13 bp	1.1 bp −$1	3.5 bp −$35	23.9 bp −$2,394	72.5 bp −$36.2K

WLD on 38 exchanges

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
Polymarket Perps WLD-USD	−0.0431%	1h	0.4429	−0.158%	$43K	$2.7M	10x	as long as short
01 Exchange WLDUSD	−0.0200%	1h	0.4436	−0.002%	$317	$55	5x	as long as short
Kraken Futures PF_WLDUSD	−0.0195%	1h	0.4434	−0.041%	$849K	$2.6M	50x	as long as short
Bybit WLDUSDT	−0.0157%	8h	0.4432	−0.088%	$63.0M	$85.1M	50x	as long as short
Nado WLD-PERP	−0.0147%	1h	0.4429	−0.155%	$232K	$157K	5x	as long as short
Gate WLD_USDT	−0.0105%	8h	0.4436	+0.002%	$7.0M	$31.5M	75x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4438	+0.048%	$83K	$4.2M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4436	+0.002%	$100K	$1.1M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4433	−0.074%	$64K	—	150x	as long as short
dYdX WLD-USDlong	+0.0006%	1h	0.4436	long leg	$151K	$31K	10x

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	+0.927%	$6K	$185K	5.5x	as long as short
KuCoin WLDUSDTM	+0.0029%	8h	0.4436	+0.002%	$6.8M	$10.2M	50x	as long as short
Variational Omni WLD	+0.0042%	8h	0.4431	−0.100%	$2.0M	$1.4M	—	as long as short
Phoenix WLD	+0.0053%	1h	0.4440	+0.097%	$4K	$40K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0086%	8h	0.4435	−0.020%	$27K	$295K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4441	+0.106%	$4.8M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4441	+0.117%	$49.5M	$29.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4437	+0.031%	$217K	$899K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4437	+0.025%	$58K	$502K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4435	−0.020%	$84.0M	$314.2M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4432	−0.088%	$33.8M	$140.3M	50x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4436	+0.002%	$40.0M	$55.1M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4436	+0.002%	$29.0M	$28.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4434	−0.043%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4434	−0.049%	$125K	$275K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4421	−0.338%	$26K	$323K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4428	−0.172%	$587K	$2.3M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4438	+0.048%	$47K	$248K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4438	+0.048%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4434	−0.043%	$227	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4434	−0.043%	$814K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4434	−0.043%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4431	−0.119%	$209K	$659K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4436	+0.002%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4430	−0.134%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0218% / S −0.0967%	1h	0.4435	−0.023%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4434	−0.043%	$4.7M	$905K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4443	+0.160%	$270K	$966K	50x	as long as short