Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h +0.089%
Price spread now: Coinbase International against MEXC+0.177%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$450.449% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.152%+$15 on $10k
Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.177%, 7d avg +0.072%
Together, before fees+0.010%+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.105% dearer against MEXC than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.072%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.152% in total (about 7.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC WLD_USDT0.45140.0100pay 0.0100% / 8h1h 35m$40.1M$57.0M300x
ShortCoinbase International WLD-PERP-INTX0.45220.0488get 0.0061% / 1h35m 40s$272K$1.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$81.48
Price spread: +0.177% → +0.072%
$10.49
Slippage, 4 orders
−$34.87
Fee MEXC: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$47.11
Costs to cover
0.449%
Break-even
3.0 days
Slippage from MEXC: live order book, 3 min ago; Coinbase International: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago1.11 bp1.1 bp −$14.1 bp −$4127.2 bp −$2,72377.3 bp −$38.6K
Sell Coinbase International live order book, 3 min ago7.74 bp16.4 bp −$1623.1 bp −$231doesn't fitdoesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX WLD-USD0.0000%1h0.4516+0.037%$154K$33K10xas long as short
Kalshi KXWLDPERP0.0000%8h0.4516+0.044%$55K$4.8M1.7xas long as short
Deribit WLD_USDC-PERPETUAL0.0000%1h0.4517+0.066%$150K$1.0M25xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4516+0.053%$65K150xas long as short
Nado WLD-PERP+0.0026%1h0.4515+0.011%$238K$170K5xas long as short
KuCoin WLDUSDTM+0.0079%8h0.4518+0.089%$6.7M$11.9M50xas long as short
Orderly PERP_WLD_USDC+0.0099%8h0.4516+0.044%$27K$787K10xas long as short
Aster WLDUSDT+0.0100%8h0.4517+0.071%$226K$1.1M50xas long as short
Pacifica WLD+0.0100%1h0.4517+0.061%$50K$541K5xas long as short
Binance WLDUSDT+0.0100%8h0.4516+0.034%$86.1M$340.1M75xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit WLDUSDT+0.0100%8h0.4512−0.044%$64.5M$91.8M50xas long as short
OKX WLD-USDT-SWAP+0.0100%8h0.4512−0.044%$34.1M$154.0M50xas long as short
Gate WLD_USDT+0.0100%8h0.45140.000%$7.1M$36.3M75xas long as short
MEXC WLD_USDTlong+0.0100%8h0.4514long leg$40.1M$57.0M300x
Bitget WLDUSDT+0.0100%8h0.4513−0.022%$29.7M$31.2M75xas long as short
BingX WLD-USDC+0.0100%8h0.4515+0.022%$1.3Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4518+0.089%$134K$299K10xas long as short
Variational Omni WLD+0.0100%8h0.4514−0.006%$2.0M$1.6Mas long as short
edgeX WLDUSDC+0.0100%4h0.4521+0.148%$27K$320K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4534+0.452%$599K$2.0M10xas long as short
ApeX Omni WLDUSDT+0.0100%1h0.4539+0.554%$48K$240K50xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4512−0.051%$47K$2.6M10xas long as short
SunX WLD-USDT+0.0100%8h0.4521+0.155%$22K$1.6M50xas long as short
SoDEX WLD-USD+0.0100%1h0.4517+0.066%$214$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4519+0.111%$826K$1.7M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4522+0.177%$1.8M$3.6M50xas long as short
Extended WLD-USD+0.0104%1h0.4511−0.069%$208K$1.0M10xas long as short
Aevo WLD-PERP+0.0104%1h0.4517+0.078%$31K$5003xas long as short
Injective WLD/USDC PERP+0.0132%1h0.4581+1.484%$6K$185K5.5xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4512−0.049%20xas long as short
Lighter WLD+0.0144%1h0.4521+0.151%$4.9M$2.9M10xas long as short
01 Exchange WLDUSD+0.0144%1h0.4519+0.117%$323$555xas long as short
Phoenix WLD+0.0158%1h0.4526+0.268%$5K$44K10xas long as short
GMX WLD/USD [ETH-USDC]L +0.0219% / S −0.0967%1h0.4515+0.026%$4K100xas long as short
BloFin WLD-USDT+0.0220%8h0.4522+0.177%$4.8M$929K75xas long as short
Coinbase International WLD-PERP-INTXshort+0.0488%1h0.4522+0.177%$272K$1.7M50x
Hyperliquid WLD+0.0624%1h0.4525+0.233%$49.6M$44.2M10xas long as short
Kraken Futures PF_WLDUSD+0.1047%1h0.4520+0.126%$868K$2.9M50xas long as short