Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.024%

Price spread now: MEXC against Deribit−0.088%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

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

costs, in and out, $10k−$200.199% of the position

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 3 days (all we have)−0.133%−$13 · spread now −0.088%, 7d avg −0.049%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.039% cheaper against Deribit than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.049%). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.064% in total) that is about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4567	0	get 0.0000% / 1h	18m 48s	$113K	$886K	25x
Short	MEXC WLD_USDT	0.4563	0.0100	get 0.0100% / 8h	18m 48s	$45.4M	$53.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.088%Rate

Funding earned: $21
Price spread: −0.088% → −0.049%: −$3.88
Slippage, 4 orders: −$12.88
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$2.76
Costs to cover: 0.199%
Break-even: 7.9 days

Slippage from Deribit: live order book, 60 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 Deribit live order book, 60 min ago	4.37 bp	7.9 bp −$8	16.8 bp −$168	doesn't fit	doesn't fit
Sell MEXC live order book, 5 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	−0.022%	$64K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4565	−0.037%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4567	long leg	$113K	$886K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4566	−0.017%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0007%	8h	0.4561	−0.131%	$6.9M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0031%	8h	0.4565	−0.044%	$28K	$907K	10x	as long as short
Nado WLD-PERP	+0.0041%	1h	0.4567	0.000%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4567	−0.003%	$191K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4566	−0.023%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4561	−0.124%	$86.0M	$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 WLDUSDT	+0.0100%	8h	0.4564	−0.066%	$65.4M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4563	−0.088%	$34.1M	$142.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4564	−0.066%	$7.4M	$35.7M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4563	−0.088%	$45.4M	$53.2M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4561	−0.131%	$30.0M	$25.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4564	−0.066%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4565	−0.050%	$139K	$278K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4567	−0.003%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4561	−0.124%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4569	+0.050%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4565	−0.044%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4570	+0.063%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4574	+0.153%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4565	−0.044%	$211	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4549	−0.394%	$847K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4565	−0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4563	−0.096%	$233K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4566	−0.015%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4570	+0.057%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4565	−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	0.4567	−0.010%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4571	+0.088%	$327	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.547%	$6K	$185K	5.5x	as long as short
Hyperliquid WLD	+0.0437%	1h	0.4567	−0.002%	$49.5M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4573	+0.131%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0720%	1h	0.4567	−0.009%	$900K	$2.7M	50x	as long as short
Lighter WLD	+0.1360%	1h	0.4572	+0.114%	$5.2M	$2.0M	10x	as long as short