Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.011%

Price spread now: dYdX against OKX+0.084%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$282as in the Funding arb table

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2732.731% of the position

Long on OKX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.084%, 7d avg +0.063%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.020% dearer against OKX than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.063%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4560	0.0070	pay 0.0070% / 8h	2h 24m	$34.1M	$138.6M	50x
Short	dYdX WLD-USD	0.4564	0	get 0.0000% / 1h	24m 26s	$156K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against OKX. 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 OKXbpFee dYdXbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$14.79
Price spread: +0.084% → +0.063%: $2.03
Slippage, 4 orders: −$253.05
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$285.81
Costs to cover: 2.731%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; dYdX: live order book, 64 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 OKX live order book, 5 min ago	1.09 bp	6.7 bp −$7	22.5 bp −$225	doesn't fit	doesn't fit
Sell dYdX live order book, 64 min ago	124.62 bp	129.6 bp −$130	129.6 bp −$1,296	159.5 bp −$15.9K	635.6 bp −$317.8K

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	−0.0446%	8h	0.4565	+0.110%	$44K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0023%	8h	0.4559	−0.022%	$28K	$917K	10x	as long as short
Variational Omni WLD	−0.0017%	8h	0.4577	+0.380%	$2.1M	$1.6M	—	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4564	+0.084%	$156K	$6K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4561	+0.022%	$128K	$903K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4561	+0.033%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0009%	8h	0.4558	−0.044%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0036%	1h	0.4557	−0.055%	$272K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4571	+0.250%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAPlong	+0.0070%	8h	0.4560	long leg	$34.1M	$138.6M	50x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLD	+0.0100%	1h	0.4563	+0.059%	$47.2M	$40.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4564	+0.080%	$216K	$981K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4561	+0.022%	$51K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4560	0.000%	$85.7M	$292.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4559	−0.022%	$65.2M	$80.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4560	0.000%	$7.5M	$34.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4557	−0.066%	$54.0M	$47.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4558	−0.044%	$30.2M	$25.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4559	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4561	+0.022%	$129K	$272K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4569	+0.204%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4575	+0.328%	$613K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4572	+0.263%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4557	−0.064%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4564	+0.088%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4560	0.000%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	+0.175%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4560	0.000%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4559	−0.021%	$134K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4568	+0.175%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4557	−0.068%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4561	+0.012%	$12K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4560	0.000%	$4.9M	$810K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.360%	$6K	$139K	5.5x	as long as short
01 Exchange WLDUSD	+0.0392%	1h	0.4562	+0.053%	$326	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4578	+0.395%	$280K	$1.6M	50x	as long as short
Lighter WLD	+0.1008%	1h	0.4569	+0.191%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1093%	1h	0.4564	+0.087%	$924K	$2.6M	50x	as long as short