Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.016%

Price spread now: MEXC against Extended+0.191%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs+$1as in the Price arb table

costs, in and out, $10k−$130.134% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.425%−$43 on $10k

Price spread, last 4 days (all we have)−0.237%−$24 · spread now +0.191%, 7d avg +0.045%

Together, before fees−0.662%+ Points / potential airdropExtended: Active · farm board−$66 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 0.147% dearer against Extended than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLD-USD	0.4576	0.0104	pay 0.0013% / 1h	35m 04s	$241K	$855K	10x
Short	MEXC WLD_USDT	0.4585	0.0100	get 0.0100% / 8h	1h 35m	$49.2M	$51.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.191%Rate

Funding earned: −$0.84
Price spread: +0.191% → +0.045%: $14.66
Slippage, 4 orders: −$8.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: $0.38
Costs to cover: 0.134%
Break-even: from the start

Slippage from Extended: live order book, 48 min ago; MEXC: live order book, 4 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 Extended live order book, 48 min ago	1.10 bp	5.6 bp −$6	13.1 bp −$131	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.09 bp	3.1 bp −$3	6.1 bp −$61	23.1 bp −$2,307	64.7 bp −$32.3K

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	−0.0369%	8h	0.4584	+0.169%	$44K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+1.021%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0004%	8h	0.4587	+0.235%	$28K	$914K	10x	as long as short
KuCoin WLDUSDTM	−0.0002%	8h	0.4585	+0.191%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4584	+0.180%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4588	+0.257%	$107K	$890K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4588	+0.251%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0056%	8h	0.4588	+0.256%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0068%	1h	0.4589	+0.278%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4585	+0.185%	$216K	$988K	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	0.4585	+0.202%	$51K	$480K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4581	+0.114%	$86.8M	$296.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4582	+0.126%	$65.9M	$81.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4577	+0.016%	$34.3M	$140.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4583	+0.147%	$7.5M	$35.1M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4585	+0.191%	$49.2M	$51.4M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4579	+0.060%	$30.2M	$25.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4585	+0.191%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4587	+0.228%	$127K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4589	+0.276%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4590	+0.308%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4625	+1.065%	$56K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4590	+0.296%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4593	+0.366%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4584	+0.169%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4583	+0.147%	$865K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4582	+0.126%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USDlong	+0.0104%	1h	0.4576	long leg	$241K	$855K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4587	+0.226%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4603	+0.593%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4588	+0.267%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4588	+0.255%	$913K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4585	+0.191%	$4.9M	$815K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4590	+0.292%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4587	+0.233%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4596	+0.431%	$271K	$1.6M	50x	as long as short
Lighter WLD	+0.0904%	1h	0.4596	+0.421%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.1016%	1h	0.4590	+0.300%	$49.9M	$43.1M	10x	as long as short