Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.026%

Price spread now: dYdX against HTX+0.185%7-day average +0.182% · you sell dearer than you buy

Net, funding: paid 7d − costs−$289as in the Funding arb table

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2742.741% of the position

Long on HTX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.185%, 7d avg +0.182%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.182%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WLD-USDT	0.4481	0.0100	pay 0.0100% / 8h	2h 22m	$820K	$1.7M	50x
Short	dYdX WLD-USD	0.4489	0	get 0.0000% / 1h	22m 49s	$153K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against HTX. 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 HTXbpFee dYdXbpOrdersPrice spread, now +0.185%Rate

Funding earned: −$21
Price spread: +0.185% → +0.182%: $0.24
Slippage, 4 orders: −$252.12
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$294.88
Costs to cover: 2.741%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; dYdX: live order book, 26 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 HTX live order book, 1 min ago	13.40 bp	37.1 bp −$37	274.7 bp −$2,747	doesn't fit	doesn't fit
Sell dYdX live order book, 26 min ago	102.77 bp	107.8 bp −$108	111.5 bp −$1,115	175.6 bp −$17.6K	368.8 bp −$184.4K

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
Nado WLD-PERP	−0.0054%	1h	0.4481	+0.011%	$241K	$207K	5x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4489	+0.185%	$153K	$33K	10x
Kalshi KXWLDPERP	0.0000%	8h	0.4484	+0.067%	$69K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4485	+0.089%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4483	+0.042%	$65K	—	150x	as long as short
Polymarket Perps WLD-USD	+0.0038%	1h	0.4479	−0.040%	$41K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0040%	1h	0.4481	+0.007%	$321	$55	5x	as long as short
KuCoin WLDUSDTM	+0.0047%	8h	0.4488	+0.156%	$6.7M	$11.9M	50x	as long as short
Lighter WLD	+0.0096%	1h	0.4495	+0.308%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4482	+0.022%	$28K	$798K	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	0.4492	+0.243%	$224K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4486	+0.112%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4495	+0.312%	$85.6M	$338.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4497	+0.357%	$64.0M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4498	+0.379%	$33.9M	$153.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4489	+0.179%	$7.3M	$37.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4490	+0.201%	$38.9M	$55.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4489	+0.179%	$29.5M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4489	+0.179%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4488	+0.158%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4475	−0.139%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4470	−0.240%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4485	+0.085%	$592K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4473	−0.179%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4486	+0.112%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4484	+0.067%	$204	$5K	10x	as long as short
HTX WLD-USDTlong	+0.0100%	8h	0.4481	long leg	$820K	$1.7M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4486	+0.112%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4488	+0.163%	$219K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4484	+0.074%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4480	−0.027%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4480	−0.025%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.714%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4482	+0.017%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4488	+0.156%	$4.8M	$920K	75x	as long as short
Hyperliquid WLD	+0.0252%	1h	0.4494	+0.279%	$48.6M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0505%	1h	0.4486	+0.104%	$853K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4497	+0.357%	$273K	$1.6M	50x	as long as short