Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h +0.041%

Price spread now: Injective against MEXC+0.155%7-day average +0.225% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.155%, 7d avg +0.225%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.070% cheaper against MEXC than usual: you would sell low and buy high (spread +0.155% now, against its 7-day average of +0.225%). If the spread goes back, that is −$7 on $10k: about 3.0 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.039% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4512	0.0100	pay 0.0100% / 8h	2h 49m	$38.9M	$55.5M	300x
Short	Injective WLD/USDC PERP	0.4519	0.0176	get 0.0022% / 1h	49m 01s	$6K	$185K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.155%Rate

Funding earned: $16.05
Price spread: +0.155% → +0.225%: −$6.96
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $9.07
Costs to cover: 0.000%
Break-even: 3.0 days

Slippage unknown: MEXC: live order book, 5 min ago; Injective: live order book, 30 min ago. Net counts fees only.

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, 5 min ago	1.11 bp	2.4 bp −$2	6.2 bp −$62	19.7 bp −$1,970	75.6 bp −$37.8K
Sell Injective live order book, 30 min ago	71.00 bp	doesn't fit	doesn't fit	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	−0.0032%	1h	0.4515	+0.066%	$244K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4514	+0.049%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4511	−0.022%	$81K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4516	+0.089%	$146K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4516	+0.085%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0040%	8h	0.4512	0.000%	$6.7M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4516	+0.084%	$323	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0080%	1h	0.4513	+0.031%	$45K	$2.3M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4515	+0.066%	$28K	$853K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4512	+0.002%	$225K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4515	+0.064%	$50K	$541K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4512	0.000%	$85.8M	$337.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4511	−0.022%	$64.2M	$91.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4512	0.000%	$34.1M	$153.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4513	+0.022%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4512	long leg	$38.9M	$55.5M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4511	−0.022%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4513	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4514	+0.049%	$134K	$307K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4526	+0.304%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4514	+0.055%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4528	+0.363%	$594K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4523	+0.244%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4516	+0.089%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4511	−0.022%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	−0.022%	$825K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4512	0.000%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4511	−0.027%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4514	+0.050%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4514	+0.050%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4523	+0.244%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERPshort	+0.0176%	1h	0.4519	+0.155%	$6K	$185K	5.5x
Lighter WLD	+0.0200%	1h	0.4516	+0.100%	$4.9M	$2.9M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4516	+0.079%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4511	−0.022%	$4.8M	$926K	75x	as long as short
Hyperliquid WLD	+0.0339%	1h	0.4517	+0.104%	$49.0M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0502%	1h	0.4514	+0.049%	$861K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4521	+0.199%	$276K	$1.7M	50x	as long as short