Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h +0.014%

Price spread now: Gate against dYdX+0.005%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$970.974% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.005%, 7d avg −0.032%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.037% dearer against dYdX than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.032%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours. Mind the row above: over the last 7 days funding on this pair paid +0.087%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4501	0	get 0.0000% / 1h	8m 23s	$154K	$31K	10x
Short	Gate WLD_USDT	0.4501	−0.0090	pay 0.0090% / 8h	4h 08m	$7.1M	$31.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.005%Rate

Funding earned: −$18.9
Price spread: +0.005% → −0.032%: $3.73
Slippage, 4 orders: −$72.43
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$112.6
Costs to cover: 0.974%
Break-even: never at this rate

Slippage from dYdX: live order book, 34 min ago; Gate: live order book, 4 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, 34 min ago	28.92 bp	37.1 bp −$37	44.2 bp −$442	117.1 bp −$11.7K	274.3 bp −$137.1K
Sell Gate live order book, 4 min ago	2.23 bp	12.4 bp −$12	32.8 bp −$328	52.0 bp −$5,199	123.3 bp −$61.7K

WLD on 38 exchanges

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
Kraken Futures PF_WLDUSD	−0.0185%	1h	0.4511	+0.236%	$849K	$2.6M	50x	as long as short
Nado WLD-PERP	−0.0121%	1h	0.4502	+0.027%	$235K	$132K	5x	as long as short
Polymarket Perps WLD-USD	−0.0100%	1h	0.4497	−0.089%	$38K	$2.5M	10x	as long as short
Gate WLD_USDTshort	−0.0090%	8h	0.4501	+0.005%	$7.1M	$31.1M	75x
Bybit WLDUSDT	−0.0054%	8h	0.4496	−0.106%	$64.4M	$84.1M	50x	as long as short
KuCoin WLDUSDTM	−0.0030%	8h	0.4499	−0.040%	$6.6M	$10.1M	50x	as long as short
Variational Omni WLD	−0.0005%	8h	0.4487	−0.300%	$2.1M	$1.4M	—	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4501	long leg	$154K	$31K	10x
Kalshi KXWLDPERP	0.0000%	8h	0.4505	+0.094%	$32K	$4.1M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4508	+0.160%	$106K	$1.0M	25x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4500	−0.008%	$65K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0033%	1h	0.4477	−0.528%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0036%	1h	0.4493	−0.173%	$4K	$41K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0068%	8h	0.4504	+0.071%	$27K	$108K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0077%	8h	0.4492	−0.195%	$34.7M	$141.0M	50x	as long as short
01 Exchange WLDUSD	+0.0080%	1h	0.4502	+0.025%	$322	$55	5x	as long as short
Lighter WLD	+0.0096%	1h	0.4506	+0.105%	$4.9M	$3.0M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4502	+0.037%	$212K	$905K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4500	−0.009%	$64K	$504K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4498	−0.054%	$85.4M	$309.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4496	−0.106%	$42.4M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4493	−0.173%	$29.4M	$28.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4499	−0.040%	—	$55.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4511	+0.216%	$128K	$274K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4491	−0.222%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4491	−0.213%	$594K	$2.4M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4489	−0.262%	$48K	$246K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4509	+0.183%	$23K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4505	+0.094%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4501	+0.005%	$825K	$1.1M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4507	+0.138%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4495	−0.131%	$212K	$645K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4508	+0.156%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4492	−0.200%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4509	+0.183%	$4.8M	$876K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0223% / S −0.1107%	1h	0.4507	+0.127%	$5K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0264%	1h	0.4499	−0.040%	$272K	$973K	50x	as long as short
Hyperliquid WLD	+0.0564%	1h	0.4502	+0.036%	$52.2M	$27.9M	10x	as long as short