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 −0.012%

Price spread now: dYdX against MEXC+0.022%47s7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$243as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2342.338% of the position

Long on MEXC Short on dYdX

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)+0.465%+$47 · spread now +0.022%, 7d avg +0.037%

Together, before fees+0.373%+$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4629	0.0100	pay 0.0100% / 8h	5h 25m	$45.8M	$54.4M	300x
Short	dYdX WLD-USD	0.4630	0	get 0.0000% / 1h	25m 56s	$165K	$26K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$21
Price spread: +0.022% → +0.037%: −$1.47
Slippage, 4 orders: −$223.76
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$256.23
Costs to cover: 2.338%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; dYdX: live order book, 38 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, 3 min ago	1.08 bp	2.9 bp −$3	7.0 bp −$70	23.0 bp −$2,297	69.7 bp −$34.8K
Sell dYdX live order book, 38 min ago	109.63 bp	114.6 bp −$115	114.6 bp −$1,146	155.3 bp −$15.5K	244.4 bp −$122.2K

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	−0.0129%	8h	0.4636	+0.151%	$52K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0034%	8h	0.4627	−0.043%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4630	+0.022%	$165K	$26K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4628	−0.022%	$119K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4628	−0.025%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0017%	1h	0.4635	+0.130%	$268K	$187K	5x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4635	+0.121%	$332	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0075%	8h	0.4626	−0.065%	$28K	$893K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4629	−0.003%	$174K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4631	+0.049%	$49K	$511K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4629	0.000%	$87.9M	$325.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4629	0.000%	$66.1M	$88.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4629	0.000%	$34.9M	$149.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4630	+0.022%	$7.2M	$36.9M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4629	long leg	$45.8M	$54.4M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4628	−0.022%	$30.6M	$29.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4629	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4631	+0.039%	$135K	$292K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4624	−0.118%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4632	+0.069%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4627	−0.044%	$608K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4640	+0.238%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4633	+0.093%	$55K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4637	+0.173%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4628	−0.022%	$174	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4634	+0.108%	$846K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4630	+0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4628	−0.027%	$213K	$927K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4627	−0.041%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4630	+0.025%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4643	+0.296%	$5K	$57K	10x	as long as short
Lighter WLD	+0.0184%	1h	0.4631	+0.043%	$5.0M	$2.3M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4624	−0.108%	$5.0M	$802K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4626	−0.057%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0461%	1h	0.4637	+0.171%	$51.6M	$42.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4634	+0.108%	$275K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4616	−0.281%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0894%	1h	0.4630	+0.019%	$896K	$2.9M	50x	as long as short