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 0.000%

Price spread now: Binance against MEXC+0.070%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$180.178% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.070%, 7d avg +0.007%

Together, before fees−0.079%−$8 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: Binance is 0.062% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4602	0.0100	pay 0.0100% / 8h	1h 38m	$49.3M	$51.3M	300x
Short	Binance WLDUSDT	0.4605	0.0100	get 0.0100% / 8h	1h 38m	$87.3M	$295.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → +0.007%: $6.24
Slippage, 4 orders: −$7.8
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.56
Costs to cover: 0.178%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Binance: live order book, 5 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 MEXC live order book, 5 min ago	1.09 bp	1.9 bp −$2	4.1 bp −$41	20.0 bp −$2,001	66.9 bp −$33.4K
Sell Binance live order book, 5 min ago	1.09 bp	8.6 bp −$9	15.8 bp −$158	50.1 bp −$5,007	185.9 bp −$93.0K

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	−0.0395%	8h	0.4623	+0.456%	$35K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4522	−1.738%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0005%	8h	0.4621	+0.413%	$28K	$914K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4602	+0.006%	$164K	$13K	10x	as long as short
KuCoin WLDUSDTM	+0.0003%	8h	0.4609	+0.152%	$7.1M	$10.7M	50x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4623	+0.464%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0046%	8h	0.4597	−0.109%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0060%	1h	0.4619	+0.380%	$278K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4610	+0.179%	$217K	$988K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4603	+0.023%	$52K	$480K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDTshort	+0.0100%	8h	0.4605	+0.070%	$87.3M	$295.4M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4602	0.000%	$65.9M	$81.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4600	−0.043%	$34.4M	$141.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4610	+0.174%	$7.5M	$35.0M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4602	long leg	$49.3M	$51.3M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4603	+0.022%	$30.4M	$25.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4607	+0.109%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4614	+0.254%	$128K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4598	−0.084%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4598	−0.087%	$627K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4597	−0.109%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4625	+0.500%	$47K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4623	+0.456%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4618	+0.348%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4616	+0.304%	$871K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4611	+0.196%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4609	+0.145%	$242K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4621	+0.404%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4595	−0.150%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4622	+0.435%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0183%	1h	0.4623	+0.456%	$108K	$890K	25x	as long as short
Kraken Futures PF_WLDUSD	+0.0184%	1h	0.4620	+0.381%	$927K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4616	+0.304%	$4.9M	$821K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4628	+0.556%	$331	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0261% / S −0.2221%	1h	0.4622	+0.430%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4623	+0.456%	$275K	$1.6M	50x	as long as short
Lighter WLD	+0.0904%	1h	0.4612	+0.224%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.1114%	1h	0.4613	+0.237%	$50.3M	$42.9M	10x	as long as short