Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.015%

Price spread now: gTrade (Gains Network) against MEXC−0.005%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4617	0.0100	pay 0.0100% / 8h	3h 52m	$43.8M	$54.3M	300x
Short	gTrade (Gains Network) WLD/USD	0.4617	L +0.0003% / S −0.0003%	get 0.0000% / 1h	52m 16s	$67K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.005%Rate

Funding earned: −$20.42
Price spread: −0.005% → 0.000%: −$0.45
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$30.87
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	1.09 bp	2.3 bp −$2	6.2 bp −$62	29.4 bp −$2,942	84.9 bp −$42.4K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado WLD-PERP	−0.0045%	1h	0.4615	−0.043%	$245K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4613	−0.083%	$157K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4609	−0.173%	$43K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USDshort	L +0.0003% / S −0.0003%	1h	0.4617	−0.005%	$67K	—	150x
KuCoin WLDUSDTM	+0.0019%	8h	0.4616	−0.022%	$7.0M	$11.7M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4615	−0.043%	$28K	$884K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4618	+0.021%	$214K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4613	−0.078%	$49K	$525K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4612	−0.098%	$87.5M	$329.7M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4611	−0.130%	$65.7M	$89.8M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4615	−0.043%	$34.8M	$152.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4615	−0.043%	$7.4M	$36.2M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4617	long leg	$43.8M	$54.3M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4613	−0.087%	$30.5M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4616	−0.022%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4617	−0.004%	$138K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4560	−1.241%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4579	−0.824%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4569	−1.040%	$604K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	−0.628%	$43K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4616	−0.017%	$40K	$2.2M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4622	+0.108%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4614	−0.065%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4612	−0.108%	$843K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4612	−0.108%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4611	−0.131%	$221K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4616	−0.012%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4617	+0.005%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4564	−1.148%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4597	−0.425%	$5K	$52K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0183%	1h	0.4617	0.000%	$125K	$959K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4618	+0.022%	$4.9M	$838K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4617	−0.009%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0312%	1h	0.4619	+0.048%	$330	$80	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0515%	1h	0.4615	−0.050%	$890K	$2.8M	50x	as long as short
Hyperliquid WLD	+0.0529%	1h	0.4625	+0.171%	$50.8M	$43.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4609	−0.173%	$271K	$1.7M	50x	as long as short
Lighter WLD	+0.0808%	1h	0.4621	+0.084%	$5.2M	$2.6M	10x	as long as short