Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.024%

Price spread now: MEXC against 01 Exchange−0.127%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. MEXC is 0.127% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.127% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange WLDUSD	0.4634	0.0064	pay 0.0008% / 1h	15m 03s	$332	$80	5x
Short	MEXC WLD_USDT	0.4628	0.0100	get 0.0100% / 8h	5h 15m	$45.7M	$54.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against 01 Exchange. 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 01 ExchangebpFee MEXCbpOrdersPrice spread, now −0.127%Rate

Funding earned: $7.56
Price spread: −0.127% → 0.000%: −$12.73
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$12.17
Costs to cover: 0.070%
Break-even: 18.3 days

Slippage unknown: 01 Exchange: no order-book sample; MEXC: live order book, 4 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 01 Exchange no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	1.08 bp	1.1 bp −$1	5.4 bp −$54	20.5 bp −$2,055	77.7 bp −$38.8K

01 Exchange: 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
Kalshi KXWLDPERP	−0.0123%	8h	0.4634	+0.002%	$45K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0024%	8h	0.4629	−0.106%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4634	−0.007%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4633	−0.019%	$120K	$920K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4633	−0.023%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0010%	1h	0.4632	−0.041%	$268K	$187K	5x	as long as short
01 Exchange WLDUSDlong	+0.0064%	1h	0.4634	long leg	$332	$80	5x
Orderly PERP_WLD_USDC	+0.0076%	8h	0.4632	−0.041%	$28K	$891K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4634	+0.009%	$174K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4636	+0.045%	$49K	$511K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4629	−0.106%	$87.9M	$326.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4628	−0.127%	$66.2M	$88.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4628	−0.127%	$35.0M	$149.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4630	−0.084%	$7.3M	$37.1M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4628	−0.127%	$45.7M	$54.7M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4627	−0.149%	$30.8M	$29.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4630	−0.084%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4631	−0.073%	$134K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4639	+0.101%	$2.2M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4634	+0.008%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4635	+0.015%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4633	−0.019%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4633	−0.026%	$55K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4639	+0.110%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4633	−0.019%	$176	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4634	+0.002%	$847K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4634	+0.002%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4627	−0.154%	$214K	$929K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4636	+0.052%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4631	−0.058%	—	—	20x	as long as short
Lighter WLD	+0.0168%	1h	0.4639	+0.110%	$5.0M	$2.3M	10x	as long as short
Phoenix WLD	+0.0172%	1h	0.4653	+0.416%	$5K	$57K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4632	−0.041%	$5.0M	$805K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4631	−0.052%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0479%	1h	0.4639	+0.117%	$51.6M	$42.7M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4635	+0.024%	$273K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	+0.045%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0893%	1h	0.4635	+0.024%	$897K	$2.9M	50x	as long as short