Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: MEXC against edgeX+0.330%113s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.214% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−1.481%−$148 · spread now +0.330%, 7d avg +0.009%

Together, before fees−1.590%+ Points / potential airdropedgeX: Active · farm board−$159 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.321% dearer against edgeX than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX WLDUSDC	0.4513	0.0100	pay 0.0050% / 4h	3h 57m	$27K	$321K	20x
Short	MEXC WLD_USDT	0.4528	0.0100	get 0.0100% / 8h	7h 57m	$42.3M	$55.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against edgeX. 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 edgeXbpFee MEXCbpOrdersPrice spread, now +0.330%Rate

Funding earned: $0
Price spread: +0.330% → +0.009%: $32.06
Slippage, 4 orders: −$12.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: $10.66
Costs to cover: 0.214%
Break-even: from the start

Slippage from edgeX: live order book, 40 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 edgeX live order book, 40 min ago	4.43 bp	8.9 bp −$9	17.5 bp −$175	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.11 bp	2.4 bp −$2	6.7 bp −$67	29.9 bp −$2,992	71.0 bp −$35.5K

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
Phemex WLDUSDT	−0.0505%	8h	0.4523	+0.219%	$1.7M	$3.6M	50x	as long as short
Nado WLD-PERP	−0.0050%	1h	0.4526	+0.285%	$235K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4527	+0.305%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4524	+0.241%	$40K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4525	+0.263%	$119K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4524	+0.239%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4525	+0.263%	$27K	$633K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4528	+0.331%	$228K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4527	+0.318%	$54K	$543K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4528	+0.334%	$86.9M	$333.3M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4526	+0.285%	$64.1M	$89.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4528	+0.330%	$34.2M	$150.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4528	+0.330%	$7.1M	$34.5M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4528	+0.330%	$42.3M	$55.4M	300x
KuCoin WLDUSDTM	+0.0100%	8h	0.4525	+0.263%	$6.7M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4528	+0.330%	$29.9M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4527	+0.307%	—	$20.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4521	+0.170%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4521	+0.172%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDClong	+0.0100%	4h	0.4513	long leg	$27K	$321K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4525	+0.265%	$599K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4515	+0.042%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4526	+0.296%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4530	+0.374%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4524	+0.241%	$221	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4526	+0.285%	$828K	$1.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4527	+0.315%	$208K	$878K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4526	+0.274%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.114%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4523	+0.227%	—	—	20x	as long as short
Phoenix WLD	+0.0177%	1h	0.4522	+0.190%	$4K	$42K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4522	+0.196%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4524	+0.241%	$4.4M	$898K	75x	as long as short
Lighter WLD	+0.0256%	1h	0.4533	+0.436%	$4.9M	$2.9M	10x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4535	+0.491%	$324	$55	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0303%	1h	0.4526	+0.278%	$870K	$2.8M	50x	as long as short
Hyperliquid WLD	+0.0393%	1h	0.4528	+0.341%	$50.3M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4527	+0.307%	$269K	$1.6M	50x	as long as short