Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: Deribit against dYdX−0.178%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1341.341% of the position

Long on dYdX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.433%+$43 · spread now −0.178%, 7d avg +0.017%

Together, before fees+0.447%+$45 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: Deribit is 0.195% cheaper against dYdX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4540	0	get 0.0000% / 1h	24m 02s	$155K	$33K	10x
Short	Deribit WLD_USDC-PERPETUAL	0.4532	0	get 0.0000% / 1h	24m 02s	$123K	$939K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.178%Rate

Funding earned: $0
Price spread: −0.178% → +0.017%: −$19.48
Slippage, 4 orders: −$117.08
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$153.56
Costs to cover: 1.341%
Break-even: never at this rate

Slippage from dYdX: live order book, 30 min ago; Deribit: live order book, 30 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, 30 min ago	50.95 bp	55.9 bp −$56	55.9 bp −$559	84.3 bp −$8,430	263.8 bp −$131.9K
Sell Deribit live order book, 30 min ago	7.59 bp	11.1 bp −$11	18.1 bp −$181	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	−0.0029%	1h	0.4540	−0.013%	$241K	$205K	5x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4540	long leg	$155K	$33K	10x
Kalshi KXWLDPERP	0.0000%	8h	0.4533	−0.156%	$66K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4532	−0.178%	$123K	$939K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4536	−0.095%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0025%	8h	0.4532	−0.178%	$6.9M	$11.7M	50x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4538	−0.046%	$208K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4539	−0.017%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4536	−0.090%	$86.5M	$330.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4533	−0.156%	$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	−0.200%	$34.3M	$150.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4535	−0.112%	$7.2M	$36.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4535	−0.112%	$40.7M	$54.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4531	−0.200%	$30.0M	$30.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4534	−0.134%	—	$67.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4534	−0.128%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4546	+0.123%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4554	+0.314%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4562	+0.483%	$600K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4557	+0.372%	$43K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4536	−0.095%	$39K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4533	−0.156%	$28K	$868K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4543	+0.064%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4532	−0.178%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4530	−0.222%	$830K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4532	−0.178%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4530	−0.217%	$216K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4534	−0.125%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4535	−0.120%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.791%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4552	+0.273%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4544	+0.086%	$4.9M	$890K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4536	−0.096%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0288%	1h	0.4543	+0.071%	$325	$55	5x	as long as short
Hyperliquid WLD	+0.0386%	1h	0.4540	−0.002%	$49.9M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0524%	1h	0.4535	−0.121%	$881K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4539	−0.024%	$265K	$1.6M	50x	as long as short
Lighter WLD	+0.0824%	1h	0.4542	+0.049%	$5.1M	$2.6M	10x	as long as short