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

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0364%/8h= +39.9% APRpaid last 24h +0.033%
Price spread now: Hyperliquid against MEXC+0.132%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$250.253% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.129%+$13 on $10k
Price spread, last 7 days−0.115%−$12 · spread now +0.132%, 7d avg +0.071%
Together, before fees+0.013%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.060% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.071%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.7% 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_USDT0.46310.0084pay 0.0084% / 8h2h 57m$54.9M$46.0M300x
ShortHyperliquid WLD0.46370.0448get 0.0056% / 1h57m 19s$48.3M$40.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$76.45
Price spread: +0.132% → +0.071%
$6.04
Slippage, 4 orders
−$16.32
Fee MEXC: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$57.17
Costs to cover
0.253%
Break-even
1.8 days
Slippage from MEXC: live order book, 2 min ago; Hyperliquid: live order book, 6 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, 2 min ago1.08 bp1.6 bp −$26.4 bp −$6446.2 bp −$4,61786.5 bp −$43.2K
Sell Hyperliquid live order book, 6 min ago0.11 bp14.6 bp −$15doesn't fitdoesn'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
Kalshi KXWLDPERP−0.0261%8h0.4632+0.022%$31K$3.8M1.7xas long as short
Phoenix WLD−0.0091%1h0.4637+0.138%$2K$52K10xas long as short
Variational Omni WLD−0.0081%8h0.4652+0.444%$2.1M$1.7Mas long as short
Orderly PERP_WLD_USDC−0.0029%8h0.4629−0.043%$28K$922K10xas long as short
dYdX WLD-USD0.0000%1h0.4630−0.022%$158K$6K10xas long as short
Deribit WLD_USDC-PERPETUAL0.0000%1h0.4630−0.022%$156K$784K25xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4631−0.009%$58K150xas long as short
KuCoin WLDUSDTM+0.0014%8h0.4627−0.086%$7.0M$10.7M50xas long as short
OKX WLD-USDT-SWAP+0.0030%8h0.4626−0.108%$35.0M$138.9M50xas long as short
Bybit WLDUSDT+0.0049%8h0.46310.000%$68.2M$79.0M50xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC WLD_USDTlong+0.0084%8h0.4631long leg$54.9M$46.0M300x
Binance WLDUSDT+0.0084%8h0.4631−0.001%$88.6M$290.0M75xas long as short
Nado WLD-PERP+0.0100%1h0.4628−0.065%$358K$130K5xas long as short
Aster WLDUSDT+0.0100%8h0.4626−0.103%$211K$984K50xas long as short
Pacifica WLD+0.0100%1h0.4627−0.086%$56K$475K5xas long as short
Gate WLD_USDT+0.0100%8h0.4629−0.043%$7.6M$33.8M75xas long as short
Bitget WLDUSDT+0.0100%8h0.4627−0.086%$30.5M$25.0M75xas long as short
BingX WLD-USDC+0.0100%8h0.4630−0.022%$1.3Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4631−0.002%$131K$296K10xas long as short
edgeX WLDUSDC+0.0100%4h0.4638+0.155%$27K$314K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4635+0.086%$624K$1.9M10xas long as short
ApeX Omni WLDUSDT+0.0100%1h0.4638+0.151%$56K$226K50xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4631+0.004%$57K$1.7M10xas long as short
SunX WLD-USDT+0.0100%8h0.4633+0.043%$23K$1.5M50xas long as short
SoDEX WLD-USD+0.0100%1h0.4629−0.043%$200$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4636+0.108%$872K$1.7M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4630−0.022%$1.9M$3.8M50xas long as short
Extended WLD-USD+0.0104%1h0.4622−0.195%$135K$745K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4629−0.032%$31K$5K3xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4631−0.009%20xas long as short
BloFin WLD-USDT+0.0202%8h0.4653+0.475%$5.0M$944K75xas long as short
GMX WLD/USD [ETH-USDC]L +0.0223% / S −0.1831%1h0.4631−0.008%$9K100xas long as short
01 Exchange WLDUSD+0.0232%1h0.4631+0.006%$331$775xas long as short
Injective WLD/USDC PERP+0.0374%1h0.4647+0.345%$6K$90K5.5xas long as short
Coinbase International WLD-PERP-INTX+0.0400%1h0.4635+0.086%$276K$1.6M50xas long as short
Hyperliquid WLDshort+0.0448%1h0.4637+0.132%$48.3M$40.4M10x
Lighter WLD+0.0520%1h0.4637+0.136%$5.1M$1.9M10xas long as short
Kraken Futures PF_WLDUSD+0.1077%1h0.4633+0.043%$929K$2.5M50xas long as short