Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.012%

Price spread now: dYdX against Binance+0.081%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2302.303% of the position

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.081%, 7d avg +0.022%

Together, before fees−0.177%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.059% dearer against Binance than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of +0.022%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.092% in total) that is about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLDUSDT	0.4547	0.0100	pay 0.0100% / 8h	1h 48m	$86.7M	$340.0M	75x
Short	dYdX WLD-USD	0.4551	0	get 0.0000% / 1h	48m 15s	$155K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$21
Price spread: +0.081% → +0.022%: $5.94
Slippage, 4 orders: −$210.32
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$245.38
Costs to cover: 2.303%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; dYdX: live order book, 61 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 Binance live order book, 10 min ago	1.10 bp	6.2 bp −$6	13.1 bp −$131	53.1 bp −$5,308	219.1 bp −$109.5K
Sell dYdX live order book, 61 min ago	102.77 bp	107.8 bp −$108	111.5 bp −$1,115	175.6 bp −$17.6K	368.8 bp −$184.4K

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	−0.0022%	1h	0.4546	−0.022%	$239K	$170K	5x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4551	+0.081%	$155K	$33K	10x
Kalshi KXWLDPERP	0.0000%	8h	0.4541	−0.132%	$64K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4549	+0.044%	$151K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4547	−0.002%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0081%	8h	0.4546	−0.022%	$6.7M	$11.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4547	0.000%	$27K	$789K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4548	+0.020%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4548	+0.022%	$50K	$539K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4547	long leg	$86.7M	$340.0M	75x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4547	0.000%	$64.9M	$91.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4546	−0.022%	$34.4M	$155.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4546	−0.022%	$7.2M	$36.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4545	−0.044%	$40.2M	$56.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4545	−0.044%	$30.0M	$31.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4547	0.000%	—	$70.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4548	+0.020%	$132K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4541	−0.137%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4536	−0.245%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4546	−0.020%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4537	−0.220%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4544	−0.068%	$60K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4551	+0.088%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4546	−0.022%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4544	−0.066%	$831K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4547	0.000%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4545	−0.049%	$209K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4548	+0.013%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4541	−0.132%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4544	−0.060%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4547	−0.007%	$325	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4542	−0.099%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4546	−0.025%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4543	−0.088%	$4.8M	$938K	75x	as long as short
Lighter WLD	+0.0288%	1h	0.4553	+0.134%	$4.9M	$2.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4548	+0.022%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0766%	1h	0.4552	+0.117%	$49.9M	$44.8M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1041%	1h	0.4548	+0.016%	$871K	$2.9M	50x	as long as short