Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.010%

Price spread now: dYdX against MEXC+0.012%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1761.765% of the position

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)+0.209%+$21 · spread now +0.012%, 7d avg +0.040%

Together, before fees+0.138%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.028% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4546	0.0100	pay 0.0100% / 8h	2h 21m	$53.7M	$47.5M	300x
Short	dYdX WLD-USD	0.4547	0	get 0.0000% / 1h	21m 37s	$155K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$21
Price spread: +0.012% → +0.040%: −$2.76
Slippage, 4 orders: −$166.47
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$200.23
Costs to cover: 1.765%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; dYdX: live order book, 2 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, 2 min ago	1.10 bp	3.1 bp −$3	6.1 bp −$61	24.7 bp −$2,471	79.9 bp −$39.9K
Sell dYdX live order book, 2 min ago	79.53 bp	84.5 bp −$85	214.1 bp −$2,141	246.2 bp −$24.6K	290.3 bp −$145.2K

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	−0.0438%	8h	0.4543	−0.066%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0022%	8h	0.4548	+0.044%	$28K	$917K	10x	as long as short
Variational Omni WLD	−0.0017%	8h	0.4577	+0.689%	$2.1M	$1.6M	—	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4547	+0.012%	$155K	$6K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4550	+0.088%	$127K	$903K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4550	+0.098%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0010%	8h	0.4543	−0.066%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0034%	1h	0.4549	+0.066%	$271K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4563	+0.374%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0072%	8h	0.4544	−0.044%	$34.0M	$138.2M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0096%	8h	0.4546	−0.007%	$85.4M	$293.0M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4548	+0.044%	$46.6M	$41.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4546	−0.006%	$215K	$982K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4546	0.000%	$51K	$483K	5x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4545	−0.022%	$64.9M	$80.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4546	0.000%	$7.4M	$34.6M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4546	long leg	$53.7M	$47.5M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4543	−0.066%	$30.1M	$25.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4544	−0.044%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4548	+0.037%	$129K	$272K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4569	+0.512%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4575	+0.637%	$613K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4572	+0.572%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4551	+0.110%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4553	+0.154%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4546	0.000%	$196	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4543	−0.066%	$857K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4545	−0.022%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4544	−0.044%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4549	+0.068%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4550	+0.095%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4552	+0.128%	$12K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4549	+0.066%	$4.9M	$809K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.672%	$6K	$139K	5.5x	as long as short
01 Exchange WLDUSD	+0.0376%	1h	0.4553	+0.163%	$326	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4550	+0.088%	$279K	$1.6M	50x	as long as short
Lighter WLD	+0.1000%	1h	0.4556	+0.211%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1096%	1h	0.4550	+0.084%	$921K	$2.6M	50x	as long as short