Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.012%

Price spread now: dYdX against Binance−0.123%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2302.299% of the position

Long on Binance 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)+0.119%+$12 · spread now −0.123%, 7d avg +0.022%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.145% cheaper against Binance than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLDUSDT	0.4491	0.0100	pay 0.0100% / 8h	2h 29m	$85.6M	$339.3M	75x
Short	dYdX WLD-USD	0.4485	0	get 0.0000% / 1h	29m 21s	$153K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$21
Price spread: −0.123% → +0.022%: −$14.49
Slippage, 4 orders: −$209.9
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$265.39
Costs to cover: 2.299%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; dYdX: 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 Binance live order book, 14 min ago	1.11 bp	7.8 bp −$8	12.2 bp −$122	53.1 bp −$5,305	233.6 bp −$116.8K
Sell dYdX live order book, 20 min ago	102.77 bp	107.8 bp −$108	111.5 bp −$1,115	175.6 bp −$17.6K	368.8 bp −$184.4K

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	−0.0050%	1h	0.4489	−0.028%	$241K	$207K	5x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4485	−0.123%	$153K	$33K	10x
Kalshi KXWLDPERP	0.0000%	8h	0.4489	−0.039%	$69K	$4.9M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4488	−0.062%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4489	−0.041%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0042%	8h	0.4490	−0.017%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0047%	1h	0.4489	−0.044%	$42K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4490	−0.019%	$321	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4488	−0.062%	$28K	$814K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4494	+0.081%	$224K	$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	0.4486	−0.108%	$50K	$542K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4491	long leg	$85.6M	$339.3M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4487	−0.084%	$63.8M	$91.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4488	−0.062%	$33.8M	$153.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4489	−0.039%	$7.3M	$37.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4491	+0.005%	$38.5M	$55.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4488	−0.062%	$29.5M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4488	−0.062%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4491	−0.006%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4489	−0.044%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4489	−0.034%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4494	+0.072%	$597K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4488	−0.062%	$48K	$241K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4495	+0.094%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4488	−0.062%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4483	−0.173%	$820K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4489	−0.039%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4487	−0.078%	$220K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4489	−0.043%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4491	+0.001%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4490	−0.019%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4491	+0.003%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.495%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4490	−0.009%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4495	+0.094%	$4.8M	$921K	75x	as long as short
Hyperliquid WLD	+0.0300%	1h	0.4496	+0.116%	$48.6M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0505%	1h	0.4491	+0.010%	$856K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4497	+0.139%	$274K	$1.7M	50x	as long as short