Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.026%

Price spread now: HTX against dYdX+0.007%7-day average −0.182% · you sell dearer than you buy

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$3033.032% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.007%, 7d avg −0.182%

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.189% dearer against dYdX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.182%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4567	0	get 0.0000% / 1h	4m 16s	$156K	$33K	10x
Short	HTX WLD-USDT	0.4567	0.0100	get 0.0100% / 8h	2h 04m	$835K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.007%Rate

Funding earned: $21
Price spread: +0.007% → −0.182%: $18.95
Slippage, 4 orders: −$281.17
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$263.22
Costs to cover: 3.032%
Break-even: 94.7 days

Slippage from dYdX: live order book, 45 min ago; HTX: 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, 45 min ago	102.77 bp	107.8 bp −$108	121.0 bp −$1,210	162.0 bp −$16.2K	297.6 bp −$148.8K
Sell HTX live order book, 5 min ago	15.35 bp	34.1 bp −$34	doesn't fit	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	−0.0035%	1h	0.4568	+0.040%	$241K	$170K	5x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4567	long leg	$156K	$33K	10x
Kalshi KXWLDPERP	0.0000%	8h	0.4567	+0.007%	$54K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4567	+0.003%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0069%	8h	0.4568	+0.029%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4573	+0.132%	$327	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4567	+0.007%	$27K	$791K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4571	+0.091%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4571	+0.092%	$51K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4568	+0.029%	$87.0M	$339.3M	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	0.4567	+0.007%	$65.2M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4567	+0.007%	$34.7M	$156.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4568	+0.029%	$7.2M	$37.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4567	+0.007%	$40.4M	$57.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4567	+0.007%	$30.2M	$31.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4568	+0.029%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4572	+0.119%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	+0.263%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4574	+0.152%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.336%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4577	+0.226%	$49K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4571	+0.090%	$47K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4574	+0.160%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4568	+0.029%	$211	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4567	+0.007%	$835K	$1.7M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4569	+0.051%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4566	−0.011%	$211K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4569	+0.051%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4568	+0.022%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4578	+0.244%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4573	+0.147%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.497%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0188%	1h	0.4569	+0.051%	$152K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4568	+0.027%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4573	+0.138%	$4.8M	$923K	75x	as long as short
Hyperliquid WLD	+0.0356%	1h	0.4575	+0.182%	$49.8M	$44.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0496%	1h	0.4572	+0.108%	$865K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4577	+0.226%	$276K	$1.7M	50x	as long as short