Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.015%

Price spread now: Gate against dYdX−0.024%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$264as in the Price arb table

costs, in and out, $10k−$2652.653% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.464%−$46 · spread now −0.024%, 7d avg −0.038%

Together, before fees−0.390%−$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, 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	0.4592	0	get 0.0000% / 1h	8m 47s	$164K	$26K	10x
Short	Gate WLD_USDT	0.4591	0.0100	get 0.0100% / 8h	5h 08m	$7.2M	$37.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.024%Rate

Funding earned: $21
Price spread: −0.024% → −0.038%: $1.4
Slippage, 4 orders: −$240.3
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$242.9
Costs to cover: 2.653%
Break-even: 88.0 days

Slippage from dYdX: live order book, 55 min ago; Gate: live order book, 5 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, 55 min ago	109.63 bp	114.6 bp −$115	120.1 bp −$1,201	124.1 bp −$12.4K	198.6 bp −$99.3K
Sell Gate live order book, 5 min ago	2.16 bp	15.0 bp −$15	31.2 bp −$312	54.6 bp −$5,457	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
Kalshi KXWLDPERP	−0.0119%	8h	0.4598	+0.129%	$47K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0031%	8h	0.4590	−0.045%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4592	long leg	$164K	$26K	10x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4590	−0.045%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0006%	1h	0.4588	−0.078%	$242K	$204K	5x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4591	−0.021%	$328	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0079%	8h	0.4594	+0.042%	$28K	$890K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4593	+0.015%	$182K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4596	+0.076%	$50K	$522K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4588	−0.078%	$87.3M	$327.4M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4585	−0.154%	$65.7M	$88.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4587	−0.111%	$34.9M	$149.1M	50x	as long as short
Gate WLD_USDTshort	+0.0100%	8h	0.4591	−0.024%	$7.2M	$37.1M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4591	−0.024%	$44.9M	$54.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4590	−0.045%	$30.5M	$29.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4590	−0.045%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4595	+0.057%	$139K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4615	+0.490%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4617	+0.533%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4622	+0.659%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4629	+0.804%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4589	−0.069%	$56K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4601	+0.194%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4595	+0.064%	$175	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4593	+0.020%	$840K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4597	+0.107%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4588	−0.094%	$212K	$955K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4583	−0.189%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4588	−0.097%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4596	+0.094%	$5.0M	$2.3M	10x	as long as short
Phoenix WLD	+0.0172%	1h	0.4621	+0.632%	$5K	$57K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4594	+0.042%	$5.0M	$801K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4592	+0.006%	$5K	—	100x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0403%	1h	0.4598	+0.129%	$116K	$923K	25x	as long as short
Hyperliquid WLD	+0.0458%	1h	0.4597	+0.105%	$50.4M	$43.1M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4599	+0.151%	$271K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	+0.956%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0901%	1h	0.4598	+0.132%	$890K	$2.9M	50x	as long as short