Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.012%

Price spread now: MEXC against dYdX−0.046%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$960.957% of the position

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now −0.046%, 7d avg −0.031%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4514	0	get 0.0000% / 1h	36m 35s	$154K	$32K	10x
Short	MEXC WLD_USDT	0.4512	0.0100	get 0.0100% / 8h	36m 35s	$41.7M	$56.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.046%Rate

Funding earned: $21
Price spread: −0.046% → −0.031%: −$1.58
Slippage, 4 orders: −$85.66
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$76.25
Costs to cover: 0.957%
Break-even: 32.4 days

Slippage from dYdX: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago	38.55 bp	43.6 bp −$44	45.5 bp −$455	141.3 bp −$14.1K	574.9 bp −$287.5K
Sell MEXC live order book, 2 min ago	1.10 bp	1.1 bp −$1	3.6 bp −$36	17.9 bp −$1,787	66.0 bp −$33.0K

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
Injective WLD/USDC PERP	−0.0309%	1h	0.4531	+0.374%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0032%	1h	0.4512	−0.035%	$235K	$175K	5x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4514	long leg	$154K	$32K	10x
Kalshi KXWLDPERP	0.0000%	8h	0.4521	+0.153%	$50K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4518	+0.082%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4518	+0.086%	$27K	$708K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4515	+0.014%	$224K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4516	+0.047%	$49K	$531K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4512	−0.037%	$86.5M	$333.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4512	−0.046%	$64.2M	$89.4M	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	0.4513	−0.024%	$34.2M	$151.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4512	−0.046%	$7.1M	$35.6M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4512	−0.046%	$41.7M	$56.3M	300x
KuCoin WLDUSDTM	+0.0100%	8h	0.4516	+0.042%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4510	−0.091%	$29.8M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4510	−0.091%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4520	+0.126%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4541	+0.587%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4528	+0.311%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4531	+0.371%	$605K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4544	+0.662%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4519	+0.106%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4525	+0.242%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4518	+0.086%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4517	+0.064%	$826K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4518	+0.086%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4508	−0.129%	$208K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4520	+0.134%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4516	+0.047%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4523	+0.199%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4553	+0.862%	$5K	$43K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0193%	1h	0.4519	+0.109%	$140K	$979K	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4518	+0.076%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4517	+0.064%	$4.8M	$903K	75x	as long as short
01 Exchange WLDUSD	+0.0232%	1h	0.4514	−0.007%	$323	$55	5x	as long as short
Hyperliquid WLD	+0.0433%	1h	0.4523	+0.202%	$50.3M	$43.8M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4522	+0.175%	$272K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0457%	1h	0.4518	+0.081%	$864K	$2.8M	50x	as long as short