Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h 0.000%

Price spread now: Orderly against dYdX+0.053%7-day average −0.015% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.053%, 7d avg −0.015%

Together, before fees+0.104%+$10 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 Orderly is 0.068% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4519	0	get 0.0000% / 1h	12m 40s	$154K	$32K	10x
Short	Orderly PERP_WLD_USDC	0.4521	0.0099	get 0.0099% / 8h	12m 40s	$27K	$668K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.053%Rate

Funding earned: $20.75
Price spread: +0.053% → −0.015%: $6.78
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $11.53
Costs to cover: 0.160%
Break-even: 3.1 days

Slippage unknown: dYdX: live order book, 26 min ago; Orderly: no order-book sample. Net counts fees only.

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, 26 min ago	38.55 bp	43.6 bp −$44	45.5 bp −$455	141.3 bp −$14.1K	574.9 bp −$287.5K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective WLD/USDC PERP	−0.0309%	1h	0.4508	−0.235%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0017%	1h	0.4523	+0.109%	$235K	$175K	5x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4519	long leg	$154K	$32K	10x
Kalshi KXWLDPERP	0.0000%	8h	0.4516	−0.057%	$51K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4522	+0.075%	$136K	$986K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4520	+0.033%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDCshort	+0.0099%	8h	0.4521	+0.053%	$27K	$668K	10x
Aster WLDUSDT	+0.0100%	8h	0.4523	+0.089%	$229K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4519	+0.009%	$54K	$546K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4519	−0.002%	$86.7M	$333.5M	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	0.4515	−0.080%	$63.9M	$89.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4516	−0.057%	$34.2M	$151.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4516	−0.057%	$7.0M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4517	−0.035%	$41.4M	$57.0M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4518	−0.013%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4516	−0.057%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4516	−0.057%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4519	+0.016%	$132K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4512	−0.150%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4513	−0.129%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4519	+0.008%	$595K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4512	−0.146%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4525	+0.131%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4530	+0.252%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4521	+0.053%	$221	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	+0.031%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4520	+0.031%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4514	−0.093%	$208K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4523	+0.087%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4520	+0.029%	—	—	20x	as long as short
Phoenix WLD	+0.0177%	1h	0.4507	−0.252%	$4K	$43K	10x	as long as short
Lighter WLD	+0.0184%	1h	0.4524	+0.115%	$4.9M	$2.9M	10x	as long as short
01 Exchange WLDUSD	+0.0216%	1h	0.4527	+0.188%	$324	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4511	−0.166%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4521	+0.053%	$4.8M	$903K	75x	as long as short
Hyperliquid WLD	+0.0401%	1h	0.4525	+0.151%	$50.3M	$43.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4530	+0.252%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0457%	1h	0.4523	+0.108%	$867K	$2.8M	50x	as long as short