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 +0.014%

Price spread now: GRVT against MEXC−0.756%52s7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.368% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 7 days+0.765%+$76 · spread now −0.756%, 7d avg +0.018%

Together, before fees+0.874%+ Points / potential airdropGRVT: Active · farm board+$87 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: GRVT is 0.774% cheaper against MEXC than usual: you would sell low and buy high, −$77 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4525	0.0100	pay 0.0100% / 8h	2h 20m	$39.0M	$55.9M	300x
Short	GRVT WLD_USDT_Perp	0.4491	0.0100	get 0.0100% / 8h	2h 20m	$599K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.756%Rate

Funding earned: $0
Price spread: −0.756% → +0.018%: −$77.35
Slippage, 4 orders: −$27.79
Fee MEXC: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$114.15
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; GRVT: live order book, 3 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, 3 min ago	1.11 bp	2.9 bp −$3	6.6 bp −$66	22.7 bp −$2,266	71.8 bp −$35.9K
Sell GRVT live order book, 3 min ago	1.11 bp	24.0 bp −$24	44.6 bp −$446	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
Nado WLD-PERP	−0.0056%	1h	0.4514	−0.243%	$242K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4522	−0.073%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4512	−0.287%	$59K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4513	−0.270%	$65K	—	150x	as long as short
01 Exchange WLDUSD	+0.0040%	1h	0.4522	−0.055%	$324	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0047%	1h	0.4513	−0.270%	$43K	$2.4M	10x	as long as short
KuCoin WLDUSDTM	+0.0050%	8h	0.4521	−0.088%	$6.7M	$11.9M	50x	as long as short
Lighter WLD	+0.0096%	1h	0.4528	+0.057%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4510	−0.331%	$28K	$798K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4519	−0.131%	$225K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4523	−0.044%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4523	−0.044%	$86.1M	$338.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4521	−0.088%	$64.4M	$91.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4522	−0.066%	$34.2M	$153.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4524	−0.022%	$7.4M	$37.4M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4525	long leg	$39.0M	$55.9M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4524	−0.022%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4524	−0.022%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4511	−0.312%	$134K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4510	−0.338%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4484	−0.916%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perpshort	+0.0100%	8h	0.4491	−0.756%	$599K	$2.0M	10x
ApeX Omni WLDUSDT	+0.0100%	1h	0.4482	−0.950%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4514	−0.243%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4508	−0.376%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	−0.309%	$826K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4508	−0.376%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4523	−0.039%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4510	−0.323%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4514	−0.237%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4514	−0.234%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	−0.265%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0194%	1h	0.4511	−0.309%	$144K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4511	−0.305%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4507	−0.398%	$4.8M	$915K	75x	as long as short
Hyperliquid WLD	+0.0253%	1h	0.4527	+0.046%	$48.9M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0503%	1h	0.4510	−0.340%	$858K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4518	−0.155%	$275K	$1.7M	50x	as long as short