Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.013%

Price spread now: MEXC against gTrade (Gains Network)−0.158%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 0.158% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.158% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WLD/USD	0.4587	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	26m 39s	$57K	—	150x
Short	MEXC WLD_USDT	0.4580	0.0100	get 0.0100% / 8h	1h 26m	$48.8M	$51.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now −0.158%Rate

Funding earned: $20.33
Price spread: −0.158% → 0.000%: −$15.83
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$5.5
Costs to cover: 0.100%
Break-even: 8.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	1.09 bp	3.1 bp −$3	5.2 bp −$52	23.4 bp −$2,343	82.0 bp −$41.0K

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0340%	8h	0.4581	−0.136%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+0.779%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0002%	8h	0.4589	+0.038%	$28K	$913K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4582	−0.110%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4590	+0.060%	$108K	$900K	25x	as long as short
KuCoin WLDUSDTM	+0.0002%	8h	0.4587	−0.006%	$7.0M	$10.8M	50x	as long as short
gTrade (Gains Network) WLD/USDlong	L +0.0003% / S −0.0003%	1h	0.4587	long leg	$57K	—	150x
Nado WLD-PERP	+0.0056%	1h	0.4582	−0.115%	$276K	$169K	5x	as long as short
Variational Omni WLD	+0.0063%	8h	0.4562	−0.552%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4583	−0.090%	$203K	$986K	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	0.4587	+0.003%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4582	−0.115%	$86.6M	$297.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4583	−0.093%	$65.6M	$81.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4579	−0.180%	$34.3M	$141.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4581	−0.136%	$7.5M	$35.3M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4580	−0.158%	$48.8M	$51.8M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4579	−0.180%	$30.2M	$25.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4581	−0.136%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4591	+0.075%	$127K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4567	−0.434%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4579	−0.170%	$615K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4573	−0.311%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4589	+0.029%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4596	+0.191%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4590	+0.060%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.027%	$866K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4590	+0.060%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4579	−0.187%	$239K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4592	+0.097%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4562	−0.548%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4586	−0.030%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4594	+0.147%	$911K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4591	+0.082%	$4.9M	$816K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4586	−0.036%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4588	+0.020%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4579	−0.180%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0842%	1h	0.4594	+0.151%	$49.9M	$43.2M	10x	as long as short
Lighter WLD	+0.0984%	1h	0.4590	+0.066%	$5.2M	$2.1M	10x	as long as short