Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: dYdX against Deribit+0.118%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$275as in the Funding arb table

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

costs, in and out, $10k−$2742.739% of the position

Long on Deribit Short on dYdX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.373%−$37 · spread now +0.118%, 7d avg −0.012%

Together, before fees−0.380%−$38 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: dYdX is 0.130% dearer against Deribit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4589	0	get 0.0000% / 1h	6m 35s	$109K	$900K	25x
Short	dYdX WLD-USD	0.4594	0	get 0.0000% / 1h	6m 35s	$164K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Deribit. 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 DeribitbpFee dYdXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → −0.012%: $13.01
Slippage, 4 orders: −$256.93
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$260.93
Costs to cover: 2.739%
Break-even: never at this rate

Slippage from Deribit: live order book, 12 min ago; dYdX: live order book, 12 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 Deribit live order book, 12 min ago	4.37 bp	7.9 bp −$8	16.8 bp −$168	doesn't fit	doesn't fit
Sell dYdX live order book, 12 min ago	91.21 bp	162.0 bp −$162	227.9 bp −$2,279	239.5 bp −$24.0K	613.9 bp −$307.0K

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	−0.0285%	8h	0.4584	−0.109%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	−0.240%	$6K	$185K	5.5x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4594	+0.118%	$164K	$13K	10x
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4589	long leg	$109K	$900K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4586	−0.064%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0006%	8h	0.4586	−0.065%	$28K	$911K	10x	as long as short
KuCoin WLDUSDTM	+0.0008%	8h	0.4591	+0.044%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0048%	1h	0.4595	+0.120%	$277K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4597	+0.170%	$195K	$999K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4597	+0.167%	$53K	$481K	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	0.4598	+0.204%	$87.0M	$297.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4599	+0.218%	$65.9M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4600	+0.240%	$34.4M	$142.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4598	+0.196%	$7.5M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4598	+0.196%	$49.4M	$52.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4599	+0.218%	$30.4M	$25.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4599	+0.218%	—	$67.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4594	+0.118%	$130K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4571	−0.395%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4572	−0.381%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4591	+0.051%	$617K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	−0.022%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4601	+0.270%	$41K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4589	0.000%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4587	−0.044%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4589	0.000%	$866K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4587	−0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4598	+0.187%	$241K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4589	−0.004%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4583	−0.126%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4599	+0.215%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4593	+0.088%	$917K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4592	+0.065%	$4.9M	$816K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4603	+0.296%	$329	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4587	−0.042%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4586	−0.065%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0678%	1h	0.4605	+0.357%	$50.0M	$43.0M	10x	as long as short
Lighter WLD	+0.1032%	1h	0.4607	+0.403%	$5.2M	$2.1M	10x	as long as short