Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.021%

Price spread now: dYdX against BingX+0.083%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$280as in the Funding arb table

Net, price: spread back to 7d avg − costs−$256as in the Price arb table

costs, in and out, $10k−$2612.609% of the position

Long on BingX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.187%−$19 on $10k

Price spread, last 4 days (all we have)+0.382%+$38 · spread now +0.083%, 7d avg +0.033%

Together, before fees+0.194%+$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.050% dearer against BingX than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.033%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLD-USDC	0.4592	0.0100	pay 0.0100% / 8h	5h 09m	—	$1.3M	—
Short	dYdX WLD-USD	0.4596	0	get 0.0000% / 1h	9m 25s	$164K	$26K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BingX. 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 BingXbpFee dYdXbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$21
Price spread: +0.083% → +0.033%: $5
Slippage, 4 orders: −$240.93
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$276.93
Costs to cover: 2.609%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; dYdX: live order book, 55 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 BingX live order book, 2 min ago	2.16 bp	18.3 bp −$18	72.4 bp −$724	464.6 bp −$46.5K	779.9 bp −$390.0K
Sell dYdX live order book, 55 min ago	109.63 bp	114.6 bp −$115	114.6 bp −$1,146	155.3 bp −$15.5K	244.4 bp −$122.2K

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	−0.0119%	8h	0.4609	+0.370%	$47K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0031%	8h	0.4585	−0.152%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4596	+0.083%	$164K	$26K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4596	+0.087%	$119K	$918K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4590	−0.044%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0006%	1h	0.4588	−0.076%	$242K	$204K	5x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4591	−0.020%	$328	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0078%	8h	0.4597	+0.109%	$28K	$890K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4599	+0.146%	$173K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4596	+0.078%	$50K	$522K	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	0.4593	+0.014%	$87.3M	$327.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4586	−0.131%	$65.7M	$88.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4588	−0.087%	$34.5M	$149.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4593	+0.022%	$7.2M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4590	−0.044%	$44.9M	$54.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4590	−0.044%	$30.5M	$29.9M	75x	as long as short
BingX WLD-USDClong	+0.0100%	8h	0.4592	long leg	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4597	+0.105%	$140K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4615	+0.492%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4617	+0.535%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4622	+0.661%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4629	+0.806%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4589	−0.068%	$56K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4624	+0.697%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4598	+0.131%	$174	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4596	+0.087%	$840K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4600	+0.174%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4587	−0.102%	$212K	$955K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4596	+0.079%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4588	−0.096%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4621	+0.634%	$5K	$57K	10x	as long as short
Lighter WLD	+0.0176%	1h	0.4601	+0.187%	$5.0M	$2.3M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4630	+0.828%	$5.0M	$804K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4607	+0.334%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0461%	1h	0.4595	+0.054%	$50.4M	$43.1M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4600	+0.174%	$271K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	+0.958%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0900%	1h	0.4599	+0.153%	$890K	$2.9M	50x	as long as short