Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.011%

Price spread now: OKX against dYdX−0.084%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$264as in the Funding arb table

Net, price: spread back to 7d avg − costs−$275as in the Price arb table

costs, in and out, $10k−$2732.731% of the position

Long on dYdX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.084%, 7d avg −0.063%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.020% cheaper against dYdX than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.063%). If the spread goes back, that is −$2 on $10k: about 23 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	0.4564	0	get 0.0000% / 1h	24m 15s	$156K	$6K	10x
Short	OKX WLD-USDT-SWAP	0.4560	0.0070	get 0.0070% / 8h	2h 24m	$34.1M	$138.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $14.79
Price spread: −0.084% → −0.063%: −$2.02
Slippage, 4 orders: −$253.05
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$260.29
Costs to cover: 2.731%
Break-even: 130.2 days

Slippage from dYdX: live order book, 64 min ago; OKX: live order book, 5 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, 64 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 OKX live order book, 5 min ago	1.09 bp	7.2 bp −$7	21.4 bp −$214	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
Kalshi KXWLDPERP	−0.0446%	8h	0.4563	−0.018%	$44K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0023%	8h	0.4559	−0.106%	$28K	$917K	10x	as long as short
Variational Omni WLD	−0.0017%	8h	0.4577	+0.296%	$2.1M	$1.6M	—	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4564	long leg	$156K	$6K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4561	−0.062%	$128K	$903K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4561	−0.051%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0009%	8h	0.4557	−0.149%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0036%	1h	0.4557	−0.138%	$272K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4571	+0.166%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAPshort	+0.0070%	8h	0.4560	−0.084%	$34.1M	$138.6M	50x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLD	+0.0100%	1h	0.4565	+0.022%	$47.2M	$40.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4563	−0.028%	$216K	$981K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4561	−0.062%	$51K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4560	−0.084%	$85.7M	$292.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4560	−0.084%	$65.2M	$80.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4560	−0.084%	$7.5M	$34.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4560	−0.084%	$53.9M	$47.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4558	−0.127%	$30.2M	$25.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4560	−0.084%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4562	−0.049%	$129K	$272K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4569	+0.120%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4575	+0.244%	$613K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4572	+0.179%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4557	−0.147%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4564	+0.004%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4560	−0.084%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	+0.092%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4561	−0.062%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4559	−0.105%	$134K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4568	+0.092%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4557	−0.151%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4561	−0.071%	$12K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4560	−0.084%	$4.9M	$810K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.275%	$6K	$139K	5.5x	as long as short
01 Exchange WLDUSD	+0.0392%	1h	0.4562	−0.031%	$326	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4578	+0.311%	$280K	$1.6M	50x	as long as short
Lighter WLD	+0.1008%	1h	0.4570	+0.127%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1093%	1h	0.4564	+0.003%	$924K	$2.6M	50x	as long as short