Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: MEXC against GRVT+0.087%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 3 days (all we have)−0.322%−$32 · spread now +0.087%, 7d avg −0.006%

Together, before fees−0.432%+ Points / potential airdropGRVT: Active · farm board−$43 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 0.094% dearer against GRVT than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WLD_USDT_Perp	0.4572	0.0100	pay 0.0100% / 8h	1h 10m	$614K	$1.9M	10x
Short	MEXC WLD_USDT	0.4576	0.0100	get 0.0100% / 8h	1h 10m	$49.1M	$52.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → −0.006%: $9.4
Slippage, 4 orders: −$14.6
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$14.2
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago	1.09 bp	8.1 bp −$8	32.2 bp −$322	400.7 bp −$40.1K	doesn't fit
Sell MEXC live order book, 3 min ago	1.10 bp	1.1 bp −$1	3.7 bp −$37	16.5 bp −$1,651	67.5 bp −$33.8K

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	−0.0295%	8h	0.4572	0.000%	$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-USD	0.0000%	1h	0.4572	+0.008%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4574	+0.044%	$108K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4574	+0.045%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0006%	8h	0.4574	+0.044%	$28K	$912K	10x	as long as short
KuCoin WLDUSDTM	+0.0008%	8h	0.4572	0.000%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0048%	1h	0.4572	−0.011%	$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	0.4575	+0.061%	$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	0.4576	+0.090%	$86.5M	$297.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4574	+0.044%	$65.4M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4574	+0.044%	$34.2M	$141.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4573	+0.022%	$7.4M	$35.4M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4576	+0.087%	$49.1M	$52.1M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4574	+0.044%	$30.2M	$25.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4574	+0.044%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4575	+0.059%	$129K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4566	−0.135%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perplong	+0.0100%	8h	0.4572	long leg	$614K	$1.9M	10x
ApeX Omni WLDUSDT	+0.0100%	1h	0.4565	−0.153%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4575	+0.057%	$41K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4577	+0.109%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4573	+0.022%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	−0.087%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4572	0.000%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4574	+0.034%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4576	+0.077%	$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	0.4572	−0.003%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4576	+0.077%	$912K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4569	−0.066%	$4.9M	$812K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4574	+0.050%	$327	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4574	+0.034%	$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	+0.0689%	1h	0.4581	+0.199%	$49.7M	$43.2M	10x	as long as short
Lighter WLD	+0.1000%	1h	0.4582	+0.210%	$5.2M	$2.1M	10x	as long as short