Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.048%

Price spread now: BloFin against dYdX+0.234%92s7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$265as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3002.997% of the position

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.345%+$34 on $10k

Price spread, last 3 days (all we have)−0.061%−$6 · spread now +0.234%, 7d avg +0.003%

Together, before fees+0.284%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.232% dearer against dYdX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.003%. The two prices were read 92 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	dYdX WLD-USD	0.4581	0	get 0.0000% / 1h	51m 26s	$163K	$13K	10x
Short	BloFin WLD-USDT	0.4592	0.0220	get 0.0220% / 8h	7h 51m	$4.9M	$823K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now +0.234%Rate

Funding earned: $46.2
Price spread: +0.234% → +0.003%: $23.16
Slippage, 4 orders: −$277.67
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$230.31
Costs to cover: 2.997%
Break-even: 41.9 days

Slippage from dYdX: live order book, 23 min ago; BloFin: live order book, 2 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 dYdX live order book, 23 min ago	98.52 bp	105.6 bp −$106	107.6 bp −$1,076	114.9 bp −$11.5K	226.8 bp −$113.4K
Sell BloFin live order book, 2 min ago	3.27 bp	13.3 bp −$13	19.1 bp −$191	46.0 bp −$4,595	124.8 bp −$62.4K

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
Kalshi KXWLDPERP	−0.0205%	8h	0.4588	+0.147%	$63K	$3.9M	1.7x	as long as short
Gate WLD_USDT	−0.0065%	8h	0.4581	−0.006%	$7.5M	$35.0M	75x	as long as short
KuCoin WLDUSDTM	−0.0005%	8h	0.4576	−0.115%	$6.9M	$11.0M	50x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4581	long leg	$163K	$13K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4582	+0.016%	$123K	$893K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4582	+0.019%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0011%	1h	0.4580	−0.022%	$276K	$169K	5x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4597	+0.343%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0041%	8h	0.4580	−0.028%	$28K	$904K	10x	as long as short
ApeX Omni WLDUSDT	+0.0070%	1h	0.4594	+0.278%	$54K	$229K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4581	+0.003%	$192K	$984K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4581	+0.002%	$54K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4582	+0.016%	$86.6M	$303.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4582	+0.016%	$65.7M	$82.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4580	−0.028%	$34.3M	$143.3M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4581	−0.006%	$46.4M	$53.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4580	−0.028%	$30.3M	$26.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4582	+0.016%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4580	−0.032%	$136K	$281K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4581	−0.010%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4590	+0.196%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4597	+0.343%	$610K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4583	+0.042%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4598	+0.365%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4578	−0.071%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4577	−0.093%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4578	−0.071%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4578	−0.081%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4580	−0.020%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4581	−0.010%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4593	+0.256%	$5K	$53K	10x	as long as short
BloFin WLD-USDTshort	+0.0220%	8h	0.4592	+0.234%	$4.9M	$823K	75x
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4582	+0.009%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4581	−0.001%	$328	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0329%	1h	0.4579	−0.058%	$902K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4591	+0.212%	$274K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0732%	1h	0.4588	+0.138%	$50.9M	$43.4M	10x	as long as short
Lighter WLD	+0.1112%	1h	0.4590	+0.184%	$5.2M	$2.0M	10x	as long as short