Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.012%

Price spread now: MEXC against dYdX+0.203%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1731.732% of the position

Long on dYdX Short on MEXC

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)−0.274%−$27 · spread now +0.203%, 7d avg −0.037%

Together, before fees−0.182%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.240% dearer against dYdX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4647	0	get 0.0000% / 1h	16m 25s	$165K	$26K	10x
Short	MEXC WLD_USDT	0.4656	0.0100	get 0.0100% / 8h	6h 16m	$45.9M	$56.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.203%Rate

Funding earned: $21
Price spread: +0.203% → −0.037%: $24
Slippage, 4 orders: −$163.22
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$128.23
Costs to cover: 1.732%
Break-even: 49.7 days

Slippage from dYdX: live order book, 53 min ago; MEXC: 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, 53 min ago	77.99 bp	83.0 bp −$83	101.9 bp −$1,019	155.9 bp −$15.6K	636.0 bp −$318.0K
Sell MEXC live order book, 3 min ago	2.13 bp	3.1 bp −$3	7.9 bp −$79	31.7 bp −$3,169	86.5 bp −$43.3K

WLD on 37 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
Injective WLD/USDC PERP	−0.0235%	1h	0.4666	+0.418%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0144%	8h	0.4648	+0.031%	$65K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0041%	8h	0.4647	+0.009%	$7.1M	$11.6M	50x	as long as short
Nado WLD-PERP	−0.0001%	1h	0.4652	+0.106%	$270K	$189K	5x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4647	long leg	$165K	$26K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4649	+0.052%	$120K	$918K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4652	+0.117%	$56K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0061%	8h	0.4652	+0.117%	$28K	$897K	10x	as long as short
Gate WLD_USDT	+0.0067%	8h	0.4650	+0.074%	$7.3M	$37.9M	75x	as long as short
Phoenix WLD	+0.0068%	1h	0.4667	+0.444%	$5K	$54K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4647	+0.010%	$178K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4648	+0.020%	$53K	$511K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4652	+0.121%	$88.4M	$326.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4650	+0.074%	$66.3M	$88.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4652	+0.117%	$35.1M	$152.4M	50x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4656	+0.203%	$45.9M	$56.1M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4653	+0.138%	$30.9M	$29.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4652	+0.117%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4642	−0.094%	$140K	$294K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4664	+0.367%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4680	+0.720%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4691	+0.956%	$622K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4689	+0.913%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4657	+0.216%	$54K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4654	+0.160%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4645	−0.034%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4653	+0.138%	$881K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4644	−0.055%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4643	−0.081%	$214K	$889K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4649	+0.059%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4653	+0.142%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4648	+0.025%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4654	+0.166%	$333	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4652	+0.117%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0551%	1h	0.4661	+0.300%	$51.8M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0644%	1h	0.4648	+0.029%	$905K	$2.9M	50x	as long as short
Lighter WLD	+0.0864%	1h	0.4656	+0.203%	$5.3M	$2.1M	10x	as long as short