Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.026%

Price spread now: dYdX against GRVT+0.103%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1231.235% of the position

Long on GRVT Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 4 days (all we have)+0.324%+$32 · spread now +0.103%, 7d avg +0.068%

Together, before fees+0.123%+ Points / potential airdropGRVT: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.035% dearer against GRVT than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of +0.068%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WLD_USDT_Perp	0.4561	0.0100	pay 0.0100% / 8h	4h 47m	$600K	$1.9M	10x
Short	dYdX WLD-USD	0.4566	0	get 0.0000% / 1h	47m 20s	$156K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against GRVT. 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 GRVTbpFee dYdXbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$21
Price spread: +0.103% → +0.068%: $3.54
Slippage, 4 orders: −$104.47
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$140.94
Costs to cover: 1.235%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; dYdX: live order book, 12 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 GRVT live order book, 1 min ago	3.29 bp	11.9 bp −$12	35.6 bp −$356	doesn't fit	doesn't fit
Sell dYdX live order book, 12 min ago	38.30 bp	43.3 bp −$43	43.3 bp −$433	142.6 bp −$14.3K	515.1 bp −$257.5K

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
Kalshi KXWLDPERP	−0.0107%	8h	0.4570	+0.197%	$62K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0079%	1h	0.4565	+0.092%	$242K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0037%	8h	0.4563	+0.043%	$6.9M	$11.6M	50x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4566	+0.103%	$156K	$33K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4560	−0.023%	$115K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4565	+0.093%	$66K	—	150x	as long as short
01 Exchange WLDUSD	+0.0008%	1h	0.4572	+0.249%	$327	$80	5x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	−0.066%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0083%	8h	0.4560	−0.023%	$28K	$888K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4569	+0.183%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4565	+0.090%	$189K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4567	+0.131%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4565	+0.084%	$86.6M	$327.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4562	+0.021%	$65.0M	$88.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4563	+0.043%	$34.2M	$148.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4565	+0.087%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4566	+0.109%	$44.5M	$53.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4561	−0.001%	$30.1M	$30.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4564	+0.065%	—	$67.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4563	+0.050%	$135K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4575	+0.300%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4559	−0.044%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perplong	+0.0100%	8h	0.4561	long leg	$600K	$1.9M	10x
ApeX Omni WLDUSDT	+0.0100%	1h	0.4559	−0.045%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4570	+0.186%	$41K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4566	+0.109%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4559	−0.045%	$175	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4551	−0.220%	$833K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4560	−0.023%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4566	+0.104%	$227K	$974K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4561	+0.005%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4565	+0.093%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4563	+0.050%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0165%	1h	0.4571	+0.221%	$50.2M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4557	−0.088%	$4.9M	$845K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4566	+0.101%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0481%	1h	0.4562	+0.019%	$882K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4571	+0.219%	$268K	$1.7M	50x	as long as short