Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%

Price spread now: edgeX against MEXC+0.353%68s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as 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−$230.230% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.353%, 7d avg −0.005%

Together, before fees+0.081%+ Points / potential airdropedgeX: Active · farm board+$8 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: edgeX is 0.358% dearer against MEXC than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 68 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	0.4549	0.0100	pay 0.0100% / 8h	4h 38m	$44.0M	$53.9M	300x
Short	edgeX WLDUSDC	0.4565	0.0100	get 0.0050% / 4h	38m 21s	$27K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.353%Rate

Funding earned: $0
Price spread: +0.353% → −0.005%: $35.79
Slippage, 4 orders: −$13.99
Fee MEXC: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $12.8
Costs to cover: 0.230%
Break-even: from the start

Slippage from MEXC: live order book, 6 min ago; edgeX: live order book, 20 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, 6 min ago	1.09 bp	2.3 bp −$2	6.3 bp −$63	23.9 bp −$2,388	71.3 bp −$35.6K
Sell edgeX live order book, 20 min ago	4.39 bp	8.9 bp −$9	21.7 bp −$217	doesn't fit	doesn't fit

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	−0.0105%	8h	0.4549	0.000%	$57K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0057%	1h	0.4548	−0.022%	$241K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0030%	8h	0.4545	−0.088%	$6.9M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4543	−0.138%	$155K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4546	−0.066%	$117K	$927K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4549	−0.002%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	+0.198%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4546	−0.066%	$325	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0087%	8h	0.4545	−0.088%	$28K	$887K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4548	−0.022%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4546	−0.062%	$199K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4543	−0.129%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4549	+0.009%	$86.3M	$327.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4547	−0.044%	$64.8M	$89.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4544	−0.110%	$34.1M	$148.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4550	+0.022%	$7.1M	$36.8M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4549	long leg	$44.0M	$53.9M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4543	−0.132%	$30.0M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4548	−0.022%	—	$67.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4540	−0.196%	$134K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4554	+0.102%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDCshort	+0.0100%	4h	0.4565	+0.353%	$27K	$318K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4571	+0.481%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4557	+0.176%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4549	0.000%	$47K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4549	0.000%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4544	−0.110%	$171	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4538	−0.242%	$833K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4542	−0.154%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4541	−0.168%	$218K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4547	−0.043%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4548	−0.022%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4570	+0.455%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0186%	1h	0.4553	+0.081%	$49.9M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4539	−0.220%	$4.9M	$846K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4548	−0.024%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0482%	1h	0.4549	−0.006%	$880K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4552	+0.066%	$267K	$1.7M	50x	as long as short