Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: MEXC against Bybit−0.022%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days+0.035%+$3 · spread now −0.022%, 7d avg +0.015%

Together, before fees+0.028%+$3 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 0.037% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLDUSDT	0.4561	0.0100	pay 0.0100% / 8h	18m 20s	$65.4M	$82.7M	50x
Short	MEXC WLD_USDT	0.4560	0.0100	get 0.0100% / 8h	18m 20s	$45.3M	$53.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.015%: −$3.74
Slippage, 4 orders: −$9.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$24.36
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; MEXC: 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 Bybit live order book, 6 min ago	1.10 bp	8.5 bp −$9	14.6 bp −$146	122.0 bp −$12.2K	doesn't fit
Sell MEXC live order book, 6 min ago	1.10 bp	3.0 bp −$3	6.6 bp −$66	20.8 bp −$2,082	68.2 bp −$34.1K

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	−0.0190%	8h	0.4566	+0.110%	$64K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4565	+0.095%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4567	+0.132%	$113K	$886K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4562	+0.015%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0006%	8h	0.4559	−0.044%	$6.9M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0031%	8h	0.4560	−0.022%	$28K	$907K	10x	as long as short
Nado WLD-PERP	+0.0040%	1h	0.4560	−0.011%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4565	+0.086%	$191K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4563	+0.044%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4560	−0.022%	$85.9M	$302.0M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDTlong	+0.0100%	8h	0.4561	long leg	$65.4M	$82.7M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4559	−0.044%	$34.0M	$142.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4561	0.000%	$7.4M	$35.7M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4560	−0.022%	$45.3M	$53.2M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4561	0.000%	$30.0M	$25.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4561	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4565	+0.081%	$139K	$278K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4567	+0.129%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4561	+0.007%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4569	+0.181%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4565	+0.088%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4563	+0.044%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4574	+0.285%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4565	+0.088%	$211	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4549	−0.263%	$847K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4565	+0.088%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4560	−0.030%	$233K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4566	+0.117%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4570	+0.189%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4559	−0.047%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4564	+0.066%	$4.9M	$817K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4561	−0.008%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4564	+0.072%	$327	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.680%	$6K	$185K	5.5x	as long as short
Hyperliquid WLD	+0.0435%	1h	0.4567	+0.123%	$49.5M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4573	+0.263%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0720%	1h	0.4567	+0.123%	$900K	$2.7M	50x	as long as short
Lighter WLD	+0.1360%	1h	0.4572	+0.246%	$5.2M	$2.0M	10x	as long as short