Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.004%

Price spread now: dYdX against Gate+0.008%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$290as in the Funding arb table

Net, price: spread back to 7d avg − costs−$288as in the Price arb table

costs, in and out, $10k−$2852.848% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now +0.008%, 7d avg +0.043%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.035% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4572	0.0100	pay 0.0100% / 8h	1h 11m	$7.4M	$35.4M	75x
Short	dYdX WLD-USD	0.4572	0	get 0.0000% / 1h	11m 45s	$163K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$21
Price spread: +0.008% → +0.043%: −$3.48
Slippage, 4 orders: −$259.76
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$309.24
Costs to cover: 2.848%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; dYdX: live order book, 7 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 Gate live order book, 2 min ago	2.19 bp	15.5 bp −$16	33.4 bp −$334	78.6 bp −$7,861	doesn't fit
Sell dYdX live order book, 7 min ago	91.21 bp	162.0 bp −$162	227.9 bp −$2,279	239.5 bp −$24.0K	613.9 bp −$307.0K

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	−0.0299%	8h	0.4569	−0.066%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	+0.131%	$6K	$185K	5.5x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4572	+0.008%	$163K	$13K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4572	0.000%	$108K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4571	−0.019%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0006%	8h	0.4569	−0.066%	$28K	$912K	10x	as long as short
KuCoin WLDUSDTM	+0.0008%	8h	0.4569	−0.066%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0048%	1h	0.4569	−0.066%	$275K	$169K	5x	as long as short
Variational Omni WLD	+0.0094%	8h	0.4568	−0.089%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4574	+0.036%	$194K	$999K	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	0.4573	+0.022%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4572	+0.005%	$86.4M	$297.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4571	−0.022%	$65.4M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4572	0.000%	$34.2M	$141.2M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4572	long leg	$7.4M	$35.4M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4573	+0.022%	$49.1M	$52.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4571	−0.022%	$30.2M	$25.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4571	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4572	−0.007%	$129K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4570	−0.049%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4569	−0.073%	$614K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4567	−0.109%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4572	0.000%	$41K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4575	+0.066%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4570	−0.044%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4564	−0.175%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4569	−0.066%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4572	−0.010%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4572	+0.011%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4576	+0.094%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4569	−0.057%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4573	+0.020%	$911K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4564	−0.175%	$4.9M	$811K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4573	+0.026%	$327	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4570	−0.037%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4577	+0.109%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0694%	1h	0.4579	+0.147%	$49.7M	$43.2M	10x	as long as short
Lighter WLD	+0.1000%	1h	0.4583	+0.238%	$5.2M	$2.1M	10x	as long as short