Funding you earn now, next payment 05:00 UTC−0.0436%/8h= −47.7% APRpaid last 24h −0.085%
Price spread now: MEXC against Coinbase International−0.397%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$460.457% of the position
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 4 days (all we have)+0.308%+$31 · spread now −0.397%, 7d avg −0.073%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and MEXC is 0.324% cheaper against Coinbase International than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.146% in total (about -7.6% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International WLD-PERP-INTX | 0.4532 | 0.0536 | pay 0.0067% / 1h | 49m 46s | $267K | $1.7M | 50x |
| Short | MEXC WLD_USDT | 0.4514 | 0.0100 | get 0.0100% / 8h | 2h 49m | $38.9M | $55.5M | 300x |
Coinbase International WLD-PERP-INTX
MEXC WLD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$91.56
- Price spread: −0.397% → −0.073%
- −$32.41
- Slippage, 4 orders
- −$35.72
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$169.7
- Costs to cover
- 0.457%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; MEXC: live order book, 4 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 Coinbase International live order book, 4 min ago | 6.64 bp | 28.1 bp −$28 | 32.5 bp −$325 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.11 bp | 1.3 bp −$1 | 5.8 bp −$58 | 20.5 bp −$2,047 | 66.9 bp −$33.4K |
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 | −0.0036% | 1h | 0.4526 | −0.121% | $240K | $204K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4514 | −0.392% | $154K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4522 | −0.221% | $72K | $4.8M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4523 | −0.199% | $146K | $1.0M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4524 | −0.180% | $65K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0038% | 8h | 0.4509 | −0.508% | $6.7M | $11.9M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0072% | 1h | 0.4529 | −0.068% | $324 | $55 | 5x | as long as short |
| Polymarket Perps WLD-USD | +0.0088% | 1h | 0.4524 | −0.183% | $47K | $2.3M | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4523 | −0.199% | $28K | $853K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4515 | −0.368% | $225K | $1.1M | 50x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
01 Exchange WLDUSD
Polymarket Perps WLD-USD
Orderly PERP_WLD_USDC
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4515 | −0.377% | $50K | $541K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4515 | −0.375% | $85.9M | $337.1M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4515 | −0.375% | $64.2M | $91.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4518 | −0.309% | $34.1M | $153.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4512 | −0.441% | $7.2M | $36.7M | 75x | as long as short |
| MEXC WLD_USDTshort | +0.0100% | 8h | 0.4514 | −0.397% | $38.9M | $55.5M | 300x | |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4515 | −0.375% | $29.8M | $30.9M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4516 | −0.353% | — | $68.1M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4514 | −0.397% | $134K | $304K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4526 | −0.139% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4514 | −0.386% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4521 | −0.243% | $593K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4517 | −0.331% | $48K | $240K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4532 | 0.000% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4520 | −0.265% | $208 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4520 | −0.265% | $826K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4521 | −0.243% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4511 | −0.468% | $221K | $999K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4523 | −0.199% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4525 | −0.160% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0142% | 1h | 0.4523 | −0.199% | $5K | $52K | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0176% | 1h | 0.4519 | −0.287% | $6K | $185K | 5.5x | as long as short |
| Lighter WLD | +0.0192% | 1h | 0.4518 | −0.305% | $4.9M | $2.9M | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4523 | −0.189% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4528 | −0.088% | $4.8M | $930K | 75x | as long as short |
| Hyperliquid WLD | +0.0345% | 1h | 0.4517 | −0.320% | $49.0M | $44.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0501% | 1h | 0.4521 | −0.248% | $865K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTXlong | +0.0536% | 1h | 0.4532 | long leg | $267K | $1.7M | 50x |
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
Injective WLD/USDC PERP
Lighter WLD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Kraken Futures PF_WLDUSD