Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.014%

Price spread now: MEXC against Extended+0.019%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$120.116% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.405%−$40 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.019%, 7d avg +0.041%

Together, before fees−0.445%+ Points / potential airdropExtended: Active · farm board−$45 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.022% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLD-USD	0.4562	0.0104	pay 0.0013% / 1h	2m 36s	$211K	$1.0M	10x
Short	MEXC WLD_USDT	0.4563	0.0100	get 0.0100% / 8h	2h 02m	$40.3M	$57.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$0.84
Price spread: +0.019% → +0.041%: −$2.16
Slippage, 4 orders: −$6.63
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$14.64
Costs to cover: 0.116%
Break-even: never at this rate

Slippage from Extended: live order book, just now; MEXC: live order book, 1 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 Extended live order book, just now	2.19 bp	4.7 bp −$5	12.1 bp −$121	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.10 bp	1.1 bp −$1	3.2 bp −$32	18.5 bp −$1,850	66.7 bp −$33.4K

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
Nado WLD-PERP	−0.0034%	1h	0.4561	−0.036%	$240K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4565	+0.054%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4558	−0.091%	$53K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4566	+0.075%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0073%	8h	0.4563	+0.019%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0080%	1h	0.4565	+0.072%	$327	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4567	+0.107%	$27K	$790K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4567	+0.111%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4565	+0.059%	$51K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4564	+0.041%	$86.9M	$339.2M	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	0.4564	+0.041%	$65.1M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4564	+0.041%	$34.6M	$156.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4564	+0.041%	$7.2M	$37.9M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4563	+0.019%	$40.3M	$57.2M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4562	−0.003%	$30.1M	$31.4M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4564	+0.041%	—	$70.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4568	+0.131%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	+0.363%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4576	+0.293%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.436%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4574	+0.260%	$49K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4563	+0.028%	$47K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4570	+0.172%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4568	+0.129%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	+0.107%	$835K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4567	+0.107%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USDlong	+0.0104%	1h	0.4562	long leg	$211K	$1.0M	10x
Aevo WLD-PERP	+0.0104%	1h	0.4567	+0.118%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4563	+0.012%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4578	+0.343%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4570	+0.162%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.397%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0188%	1h	0.4569	+0.151%	$152K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4564	+0.037%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4568	+0.129%	$4.8M	$921K	75x	as long as short
Hyperliquid WLD	+0.0361%	1h	0.4568	+0.131%	$49.8M	$44.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0496%	1h	0.4570	+0.176%	$864K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4566	+0.085%	$275K	$1.7M	50x	as long as short