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 0.000%

Price spread now: MEXC against Binance+0.064%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.064%, 7d avg −0.007%

Together, before fees−0.055%−$6 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: MEXC is 0.072% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLDUSDT	0.4679	0.0100	pay 0.0100% / 8h	7h 28m	$89.1M	$305.4M	75x
Short	MEXC WLD_USDT	0.4682	0.0100	get 0.0100% / 8h	7h 28m	$48.3M	$54.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → −0.007%: $7.18
Slippage, 4 orders: −$8.72
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$11.54
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; MEXC: 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 Binance live order book, 15 min ago	1.08 bp	9.0 bp −$9	16.4 bp −$164	58.3 bp −$5,826	212.5 bp −$106.2K
Sell MEXC live order book, 5 min ago	1.07 bp	2.6 bp −$3	6.4 bp −$64	34.5 bp −$3,452	86.8 bp −$43.4K

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
Kalshi KXWLDPERP	−0.0178%	8h	0.4657	−0.470%	$38K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0021%	1h	0.4659	−0.433%	$279K	$170K	5x	as long as short
KuCoin WLDUSDTM	−0.0015%	8h	0.4676	−0.064%	$7.0M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4679	+0.006%	$167K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4661	−0.384%	$134K	$871K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4656	−0.490%	$57K	—	150x	as long as short
Phemex WLDUSDT	+0.0015%	8h	0.4661	−0.384%	$1.9M	$3.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−0.427%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0044%	8h	0.4659	−0.427%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4674	−0.099%	$191K	$976K	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	0.4682	+0.058%	$55K	$481K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4679	long leg	$89.1M	$305.4M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4686	+0.150%	$67.5M	$82.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4685	+0.128%	$35.3M	$146.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4674	−0.107%	$7.6M	$35.6M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4682	+0.064%	$48.3M	$54.0M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4684	+0.107%	$31.1M	$26.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4684	+0.107%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4666	−0.275%	$139K	$279K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4661	−0.389%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4667	−0.262%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	−0.363%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4673	−0.128%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4661	−0.391%	$55K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4664	−0.320%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4661	−0.384%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4653	−0.555%	$865K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4684	+0.118%	$220K	$863K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4662	−0.352%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4657	−0.474%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4655	−0.515%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4656	−0.491%	$4.9M	$862K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4658	−0.443%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4663	−0.335%	$334	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0323%	1h	0.4664	−0.316%	$916K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4665	−0.299%	$277K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0781%	1h	0.4688	+0.195%	$52.2M	$43.6M	10x	as long as short
Lighter WLD	+0.0912%	1h	0.4690	+0.240%	$5.3M	$2.0M	10x	as long as short