Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.001%

Price spread now: Bybit against dYdX−0.025%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1331.326% of the position

Long on dYdX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.025%, 7d avg −0.042%

Together, before fees+0.131%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4546	0	get 0.0000% / 1h	26m 03s	$155K	$33K	10x
Short	Bybit WLDUSDT	0.4545	0.0100	get 0.0100% / 8h	3h 26m	$64.7M	$89.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.025%Rate

Funding earned: $21
Price spread: −0.025% → −0.042%: $1.68
Slippage, 4 orders: −$111.63
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$109.95
Costs to cover: 1.326%
Break-even: 43.6 days

Slippage from dYdX: live order book, 28 min ago; Bybit: live order book, 3 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, 28 min ago	50.95 bp	55.9 bp −$56	55.9 bp −$559	84.3 bp −$8,430	263.8 bp −$131.9K
Sell Bybit live order book, 3 min ago	1.10 bp	10.6 bp −$11	22.0 bp −$220	124.1 bp −$12.4K	doesn't fit

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	−0.0031%	1h	0.4543	−0.058%	$241K	$205K	5x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4546	long leg	$155K	$33K	10x
Kalshi KXWLDPERP	0.0000%	8h	0.4558	+0.261%	$60K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4548	+0.041%	$123K	$939K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4548	+0.041%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0025%	8h	0.4545	−0.025%	$6.9M	$11.7M	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4550	+0.092%	$39K	$2.1M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4549	+0.056%	$209K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4546	+0.005%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4546	−0.003%	$86.7M	$329.8M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDTshort	+0.0100%	8h	0.4545	−0.025%	$64.7M	$89.8M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4544	−0.047%	$34.4M	$150.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4546	−0.003%	$7.3M	$36.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4548	+0.041%	$41.5M	$54.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4547	+0.019%	$30.0M	$30.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4545	−0.025%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4547	+0.019%	$136K	$301K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4546	−0.010%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4569	+0.508%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4562	+0.349%	$600K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	+0.745%	$43K	$238K	50x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4547	+0.019%	$28K	$868K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4552	+0.129%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4546	−0.003%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4549	+0.063%	$831K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4549	+0.063%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4545	−0.031%	$216K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4547	+0.026%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4545	−0.021%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.657%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4584	+0.837%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4554	+0.173%	$4.9M	$890K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4547	+0.028%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0296%	1h	0.4549	+0.054%	$325	$55	5x	as long as short
Hyperliquid WLD	+0.0395%	1h	0.4552	+0.129%	$50.0M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0522%	1h	0.4548	+0.032%	$884K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4556	+0.217%	$266K	$1.6M	50x	as long as short
Lighter WLD	+0.0816%	1h	0.4556	+0.219%	$5.2M	$2.6M	10x	as long as short