WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0560%/8h= +61.3% APRnext payment +$0.70 per $10,000 · paid last 24h +0.093%

Price spread now: Coinbase International against dYdX+0.117%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1541.537% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.117%, 7d avg +0.043%

Together, before fees+0.163%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Coinbase International is 0.075% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.043%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.230% in total (about 12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.70 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4534	0	get 0.0000% / 1h	23m 17s	$155K	$33K	10x
Short	Coinbase International WLD-PERP-INTX	0.4539	0.0560	get 0.0070% / 1h	23m 17s	$265K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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 dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.117%Rate

Funding earned: $117.6
Price spread: +0.117% → +0.043%: $7.45
Slippage, 4 orders: −$133.72
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.67
Costs to cover: 1.537%
Break-even: 8.7 days

Slippage from dYdX: live order book, 31 min ago; Coinbase International: 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 dYdX live order book, 31 min ago	50.95 bp	55.9 bp −$56	55.9 bp −$559	84.3 bp −$8,430	263.8 bp −$131.9K
Sell Coinbase International live order book, 5 min ago	6.58 bp	21.7 bp −$22	24.4 bp −$244	doesn't fit	doesn't fit

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
Nado WLD-PERP	−0.0028%	1h	0.4531	−0.059%	$240K	$205K	5x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4534	long leg	$155K	$33K	10x
Kalshi KXWLDPERP	0.0000%	8h	0.4532	−0.037%	$66K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4530	−0.081%	$123K	$939K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4532	−0.041%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0027%	8h	0.4532	−0.037%	$6.9M	$11.7M	50x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4536	+0.046%	$208K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4536	+0.045%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4532	−0.047%	$86.4M	$330.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4530	−0.081%	$64.5M	$89.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4531	−0.059%	$34.3M	$150.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4532	−0.037%	$7.2M	$36.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4532	−0.037%	$40.9M	$55.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4530	−0.081%	$30.0M	$30.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4532	−0.037%	—	$67.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4534	+0.014%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4546	+0.264%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4554	+0.456%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4542	+0.191%	$601K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4557	+0.514%	$43K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4531	−0.059%	$39K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4531	−0.059%	$28K	$868K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4538	+0.095%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4532	−0.037%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4530	−0.081%	$828K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4533	−0.015%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4529	−0.109%	$216K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4533	−0.015%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4531	−0.055%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.933%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4552	+0.415%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4534	+0.007%	$4.9M	$888K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4532	−0.040%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0288%	1h	0.4534	+0.007%	$324	$55	5x	as long as short
Hyperliquid WLD	+0.0380%	1h	0.4538	+0.097%	$49.8M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0524%	1h	0.4534	+0.013%	$881K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0560%	1h	0.4539	+0.117%	$265K	$1.6M	50x
Lighter WLD	+0.0824%	1h	0.4541	+0.172%	$5.1M	$2.6M	10x	as long as short