Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.014%

Price spread now: Extended against MEXC−0.104%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs+$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$170.166% of the position

Long on MEXC Short on Extended

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)+0.150%+$15 · spread now −0.104%, 7d avg −0.041%

Together, before fees+0.554%+ Points / potential airdropExtended: Active · farm board+$55 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: Extended is 0.063% cheaper against MEXC than usual: you would sell low and buy high, −$6 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	MEXC WLD_USDT	0.4578	0.0100	pay 0.0100% / 8h	3h 48m	$43.3M	$54.3M	300x
Short	Extended WLD-USD	0.4573	0.0104	get 0.0013% / 1h	48m 07s	$220K	$981K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0.84
Price spread: −0.104% → −0.041%: −$6.3
Slippage, 4 orders: −$11.55
Fee MEXC: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$22.01
Costs to cover: 0.166%
Break-even: 190.4 days

Slippage from MEXC: live order book, 1 min ago; Extended: live order book, 5 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, 1 min ago	2.18 bp	3.3 bp −$3	7.5 bp −$75	29.5 bp −$2,951	75.4 bp −$37.7K
Sell Extended live order book, 5 min ago	1.08 bp	5.5 bp −$6	12.1 bp −$121	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
Nado WLD-PERP	−0.0014%	1h	0.4582	+0.098%	$243K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4584	+0.135%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4582	+0.087%	$44K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4577	−0.022%	$124K	$959K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0002%	1h	0.4576	−0.047%	$69K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0019%	8h	0.4576	−0.044%	$6.9M	$11.7M	50x	as long as short
Polymarket Perps WLD-USD	+0.0066%	1h	0.4581	+0.070%	$40K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4576	−0.044%	$28K	$884K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4583	+0.108%	$210K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4586	+0.172%	$49K	$524K	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	0.4579	+0.022%	$87.1M	$329.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4577	−0.022%	$65.2M	$89.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4578	0.000%	$34.5M	$151.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4577	−0.022%	$7.3M	$36.3M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4578	long leg	$43.3M	$54.3M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4575	−0.066%	$30.3M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4577	−0.022%	—	$67.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4579	+0.013%	$137K	$301K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4604	+0.561%	$2.2M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4604	+0.573%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4614	+0.779%	$607K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4612	+0.743%	$44K	$237K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4587	+0.197%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4577	−0.022%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4577	−0.022%	$837K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4579	+0.022%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USDshort	+0.0104%	1h	0.4573	−0.104%	$220K	$981K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4576	−0.038%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4579	+0.027%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4564	−0.306%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4597	+0.424%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4576	−0.044%	$4.8M	$864K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4573	−0.106%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0312%	1h	0.4582	+0.098%	$328	$55	5x	as long as short
Hyperliquid WLD	+0.0477%	1h	0.4584	+0.138%	$50.4M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0519%	1h	0.4579	+0.029%	$883K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4583	+0.109%	$269K	$1.7M	50x	as long as short
Lighter WLD	+0.0952%	1h	0.4587	+0.205%	$5.1M	$2.6M	10x	as long as short