Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.020%

Price spread now: Deribit against MEXC+0.088%7-day average +0.050% · 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−$19as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)+0.318%+$32 · spread now +0.088%, 7d avg +0.050%

Together, before fees+0.239%+$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.038% dearer against MEXC than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of +0.050%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.079% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4569	0.0100	pay 0.0100% / 8h	3h 57m	$43.3M	$54.1M	300x
Short	Deribit WLD_USDC-PERPETUAL	0.4573	0	get 0.0000% / 1h	57m 46s	$124K	$963K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$21
Price spread: +0.088% → +0.050%: $3.79
Slippage, 4 orders: −$15.56
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$39.77
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Deribit: live order book, 61 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, 1 min ago	1.09 bp	1.3 bp −$1	6.0 bp −$60	20.1 bp −$2,011	70.6 bp −$35.3K
Sell Deribit live order book, 61 min ago	3.28 bp	6.8 bp −$7	doesn't fit	doesn't fit	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
dYdX WLD-USD	0.0000%	1h	0.4571	+0.038%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4569	0.000%	$54K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4573	+0.088%	$124K	$963K	25x
Polymarket Perps WLD-USD	+0.0001%	1h	0.4569	−0.004%	$40K	$2.2M	10x	as long as short
Nado WLD-PERP	+0.0001%	1h	0.4573	+0.088%	$242K	$205K	5x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4570	+0.019%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0012%	8h	0.4575	+0.131%	$6.9M	$11.7M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4572	+0.066%	$28K	$885K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4576	+0.153%	$212K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4574	+0.116%	$49K	$525K	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	0.4571	+0.042%	$86.6M	$329.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4568	−0.022%	$65.0M	$89.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4566	−0.066%	$34.4M	$150.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4575	+0.131%	$7.3M	$36.0M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4569	long leg	$43.3M	$54.1M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4565	−0.088%	$30.2M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4568	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4577	+0.186%	$136K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4567	−0.050%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4565	−0.088%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4567	−0.044%	$604K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4567	−0.044%	$43K	$238K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4581	+0.263%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4572	+0.066%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4572	+0.066%	$836K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4578	+0.197%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4574	+0.104%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4572	+0.064%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4568	−0.016%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4583	+0.306%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4567	−0.055%	$5K	$51K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4573	+0.088%	$4.9M	$831K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4569	+0.010%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0328%	1h	0.4575	+0.125%	$327	$80	5x	as long as short
Hyperliquid WLD	+0.0417%	1h	0.4582	+0.293%	$50.4M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0519%	1h	0.4578	+0.191%	$884K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4580	+0.241%	$269K	$1.7M	50x	as long as short
Lighter WLD	+0.0640%	1h	0.4581	+0.269%	$5.1M	$2.5M	10x	as long as short