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 −0.026%

Price spread now: Deribit against MEXC−0.299%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 3 days (all we have)+0.465%+$47 · spread now −0.299%, 7d avg +0.047%

Together, before fees+0.381%+$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.346% cheaper against MEXC than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.047%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4681	0.0100	pay 0.0100% / 8h	6h 19m	$46.4M	$55.9M	300x
Short	Deribit WLD_USDC-PERPETUAL	0.4667	0	get 0.0000% / 1h	19m 41s	$121K	$917K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now −0.299%Rate

Funding earned: −$21
Price spread: −0.299% → +0.047%: −$34.64
Slippage, 4 orders: −$18.34
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$80.98
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Deribit: live order book, 49 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 MEXC live order book, 4 min ago	2.14 bp	2.1 bp −$2	4.8 bp −$48	30.4 bp −$3,042	93.7 bp −$46.9K
Sell Deribit live order book, 49 min ago	5.29 bp	8.8 bp −$9	doesn't fit	doesn't fit	doesn't fit

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	0.4615	−1.410%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0147%	8h	0.4666	−0.320%	$45K	$4.4M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0046%	8h	0.4675	−0.128%	$7.1M	$11.5M	50x	as long as short
Nado WLD-PERP	−0.0002%	1h	0.4664	−0.369%	$271K	$189K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4678	−0.073%	$167K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4667	−0.299%	$121K	$917K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4668	−0.282%	$56K	—	150x	as long as short
Gate WLD_USDT	+0.0054%	8h	0.4685	+0.085%	$7.3M	$37.8M	75x	as long as short
Orderly PERP_WLD_USDC	+0.0059%	8h	0.4666	−0.320%	$28K	$897K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4715	+0.718%	$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	0.4676	−0.117%	$179K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4675	−0.123%	$53K	$511K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4685	+0.085%	$89.0M	$325.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4687	+0.128%	$66.8M	$87.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4682	+0.021%	$35.2M	$153.1M	50x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4681	long leg	$46.4M	$55.9M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4685	+0.085%	$31.2M	$29.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4687	+0.128%	—	$67.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4674	−0.143%	$138K	$294K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4664	−0.371%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4667	−0.292%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4690	+0.182%	$622K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4678	−0.064%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4667	−0.291%	$55K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4671	−0.214%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4666	−0.320%	$226	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4673	−0.171%	$884K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4667	−0.299%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4685	+0.091%	$215K	$886K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4668	−0.278%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4664	−0.354%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4667	−0.309%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4691	+0.220%	$336	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4677	−0.085%	$279K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0559%	1h	0.4684	+0.068%	$52.1M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0641%	1h	0.4669	−0.262%	$910K	$2.9M	50x	as long as short
Lighter WLD	+0.0800%	1h	0.4688	+0.143%	$5.3M	$2.1M	10x	as long as short