Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Bitget against MEXC0.000%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days−0.013%−$1 · spread now 0.000%, 7d avg −0.028%

Together, before fees+0.054%+$5 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: Bitget is 0.028% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4632	0.0100	pay 0.0100% / 8h	5h 15m	$45.8M	$54.7M	300x
Short	Bitget WLDUSDT	0.4632	0.0100	get 0.0100% / 8h	5h 15m	$30.8M	$29.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.028%: $2.83
Slippage, 4 orders: −$11.1
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$20.27
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	1.08 bp	2.3 bp −$2	7.1 bp −$71	31.1 bp −$3,107	82.7 bp −$41.3K
Sell Bitget live order book, 4 min ago	1.08 bp	11.9 bp −$12	26.8 bp −$268	46.4 bp −$4,638	doesn't fit

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	−0.0123%	8h	0.4640	+0.173%	$45K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0024%	8h	0.4631	−0.022%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4634	+0.034%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4633	+0.022%	$120K	$920K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4633	+0.018%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0010%	1h	0.4632	0.000%	$268K	$187K	5x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4634	+0.041%	$332	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0076%	8h	0.4632	0.000%	$28K	$891K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4635	+0.070%	$174K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4636	+0.086%	$49K	$511K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4633	+0.014%	$87.9M	$326.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4631	−0.022%	$66.2M	$88.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4632	0.000%	$35.0M	$149.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4632	0.000%	$7.3M	$37.0M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4632	long leg	$45.8M	$54.7M	300x
Bitget WLDUSDTshort	+0.0100%	8h	0.4632	0.000%	$30.8M	$29.7M	75x
BingX WLD-USDC	+0.0100%	8h	0.4632	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4639	+0.151%	$134K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4639	+0.142%	$2.2M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4634	+0.049%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4635	+0.056%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4633	+0.022%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4633	+0.015%	$55K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4639	+0.151%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4633	+0.022%	$176	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4644	+0.259%	$849K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4639	+0.151%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4631	−0.026%	$214K	$929K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4636	+0.093%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4631	−0.017%	—	—	20x	as long as short
Lighter WLD	+0.0168%	1h	0.4638	+0.130%	$5.0M	$2.3M	10x	as long as short
Phoenix WLD	+0.0172%	1h	0.4653	+0.458%	$5K	$57K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4637	+0.108%	$4.9M	$805K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4631	−0.011%	$5K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4635	+0.065%	$273K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0480%	1h	0.4639	+0.155%	$51.6M	$42.7M	10x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	+0.086%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0893%	1h	0.4635	+0.065%	$897K	$2.9M	50x	as long as short