Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.041%

Price spread now: Injective against MEXC+0.554%85s7-day average +0.216% · you sell dearer than you buy

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

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.293%−$29 · spread now +0.554%, 7d avg +0.216%

Together, before fees−0.252%−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.338% dearer against MEXC than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.216%. The two prices were read 85 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	0.4513	0.0100	pay 0.0100% / 8h	3h 10m	$40.0M	$55.4M	300x
Short	Injective WLD/USDC PERP	0.4538	0.0142	get 0.0018% / 1h	10m 00s	$6K	$185K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.554%Rate

Funding earned: $8.8
Price spread: +0.554% → +0.216%: $33.82
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $42.6
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: MEXC: live order book, 4 min ago; Injective: live order book, 9 min ago. 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, 4 min ago	1.10 bp	1.2 bp −$1	4.7 bp −$47	19.3 bp −$1,933	67.1 bp −$33.6K
Sell Injective live order book, 9 min ago	71.00 bp	doesn't fit	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
Nado WLD-PERP	−0.0027%	1h	0.4516	+0.066%	$239K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4518	+0.103%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4516	+0.066%	$65K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4515	+0.044%	$119K	$988K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4515	+0.041%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0032%	8h	0.4511	−0.044%	$6.8M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4515	+0.044%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4517	+0.091%	$211K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4519	+0.133%	$50K	$526K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4513	0.000%	$86.0M	$332.2M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4512	−0.022%	$64.0M	$90.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4514	+0.022%	$34.1M	$150.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4513	0.000%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4513	long leg	$40.0M	$55.4M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4511	−0.044%	$29.7M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4512	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4514	+0.013%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4516	+0.059%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4527	+0.311%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4527	+0.310%	$600K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4529	+0.355%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4515	+0.051%	$49K	$2.2M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4519	+0.133%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4514	+0.022%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4512	−0.022%	$824K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4515	+0.044%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4511	−0.039%	$214K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4515	+0.049%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4515	+0.048%	—	—	20x	as long as short
Injective WLD/USDC PERPshort	+0.0142%	1h	0.4538	+0.554%	$6K	$185K	5.5x
Phoenix WLD	+0.0157%	1h	0.4532	+0.430%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4518	+0.111%	$4.8M	$877K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4514	+0.033%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4517	+0.080%	$323	$55	5x	as long as short
Hyperliquid WLD	+0.0314%	1h	0.4517	+0.091%	$49.2M	$43.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0526%	1h	0.4515	+0.052%	$866K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4523	+0.222%	$263K	$1.6M	50x	as long as short
Lighter WLD	+0.0712%	1h	0.4519	+0.135%	$4.9M	$2.9M	10x	as long as short