Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: Phemex against MEXC+0.044%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$910.906% of the position

Long on MEXC Short on Phemex

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)+0.123%+$12 · spread now +0.044%, 7d avg +0.019%

Together, before fees+0.232%+$23 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: Phemex is 0.025% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4565	0.0100	pay 0.0100% / 8h	2h 03m	$40.3M	$57.1M	300x
Short	Phemex WLDUSDT	0.4567	0.0100	get 0.0100% / 8h	2h 03m	$1.8M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.019%: $2.49
Slippage, 4 orders: −$78.57
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$88.08
Costs to cover: 0.906%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Phemex: live order book, 6 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	1.10 bp	1.1 bp −$1	3.2 bp −$32	10.5 bp −$1,050	57.0 bp −$28.5K
Sell Phemex live order book, 6 min ago	9.85 bp	42.9 bp −$43	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	−0.0034%	1h	0.4561	−0.099%	$240K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4566	+0.024%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4558	−0.153%	$53K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4566	+0.012%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0071%	8h	0.4566	+0.022%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0080%	1h	0.4567	+0.035%	$327	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4567	+0.044%	$27K	$790K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4571	+0.125%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4568	+0.062%	$51K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4567	+0.044%	$87.0M	$339.4M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4566	+0.022%	$65.1M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4567	+0.044%	$34.7M	$156.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4565	0.000%	$7.2M	$37.9M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4565	long leg	$40.3M	$57.1M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4566	+0.022%	$30.2M	$31.4M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4566	+0.022%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4568	+0.068%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	+0.300%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4576	+0.230%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.372%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4574	+0.197%	$49K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4563	−0.035%	$47K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4570	+0.110%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4568	+0.066%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	+0.044%	$835K	$1.7M	50x	as long as short
Phemex WLDUSDTshort	+0.0100%	8h	0.4567	+0.044%	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4566	+0.025%	$211K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4567	+0.055%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4563	−0.051%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4578	+0.280%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4574	+0.188%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.460%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0188%	1h	0.4569	+0.088%	$152K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4564	−0.025%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4568	+0.066%	$4.8M	$921K	75x	as long as short
Hyperliquid WLD	+0.0360%	1h	0.4573	+0.171%	$49.8M	$44.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0496%	1h	0.4570	+0.113%	$864K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4566	+0.022%	$275K	$1.7M	50x	as long as short