Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.015%

Price spread now: OKX against dYdX−0.011%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$237as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$2472.469% of the position

Long on dYdX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)−0.246%−$25 · spread now −0.011%, 7d avg −0.056%

Together, before fees−0.144%−$14 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 OKX is 0.045% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4639	0	get 0.0000% / 1h	30m 13s	$165K	$26K	10x
Short	OKX WLD-USDT-SWAP	0.4638	0.0100	get 0.0100% / 8h	5h 30m	$35.0M	$149.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $21
Price spread: −0.011% → −0.056%: $4.5
Slippage, 4 orders: −$226.88
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$221.38
Costs to cover: 2.469%
Break-even: 80.8 days

Slippage from dYdX: live order book, 34 min ago; OKX: 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	109.63 bp	114.6 bp −$115	120.1 bp −$1,201	124.1 bp −$12.4K	198.6 bp −$99.3K
Sell OKX live order book, 4 min ago	1.08 bp	8.5 bp −$9	22.8 bp −$228	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
Kalshi KXWLDPERP	−0.0132%	8h	0.4639	+0.010%	$52K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0038%	8h	0.4634	−0.098%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4639	long leg	$165K	$26K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4637	−0.033%	$120K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4636	−0.061%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0017%	1h	0.4636	−0.054%	$268K	$187K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0074%	8h	0.4635	−0.076%	$28K	$893K	10x	as long as short
01 Exchange WLDUSD	+0.0080%	1h	0.4638	−0.013%	$332	$80	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4639	+0.012%	$174K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4639	+0.018%	$49K	$511K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4635	−0.065%	$88.0M	$325.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4635	−0.076%	$66.2M	$88.0M	50x	as long as short
OKX WLD-USDT-SWAPshort	+0.0100%	8h	0.4638	−0.011%	$35.0M	$149.4M	50x
Gate WLD_USDT	+0.0100%	8h	0.4635	−0.076%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4636	−0.054%	$45.9M	$54.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4634	−0.098%	$30.6M	$29.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4637	−0.033%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4637	−0.044%	$137K	$290K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4635	−0.086%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4632	−0.146%	$28K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4637	−0.043%	$609K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4643	+0.096%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4637	−0.033%	$53K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4640	+0.032%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4635	−0.076%	$176	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4643	+0.096%	$848K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4634	−0.098%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4634	−0.104%	$214K	$927K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4636	−0.056%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4636	−0.061%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4639	+0.019%	$5K	$57K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4641	+0.053%	$5.0M	$805K	75x	as long as short
Lighter WLD	+0.0224%	1h	0.4642	+0.075%	$5.0M	$2.3M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4636	−0.052%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0476%	1h	0.4642	+0.086%	$51.7M	$42.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4646	+0.161%	$276K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4616	−0.486%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0893%	1h	0.4638	−0.014%	$898K	$2.9M	50x	as long as short