Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.015%

Price spread now: dYdX against Gate+0.091%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1371.368% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.091%, 7d avg +0.033%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.058% dearer against Gate than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.033%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.074% in total) that is about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4529	0.0100	pay 0.0100% / 8h	1h 04m	$7.1M	$36.4M	75x
Short	dYdX WLD-USD	0.4533	0	get 0.0000% / 1h	4m 56s	$155K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$21
Price spread: +0.091% → +0.033%: $5.85
Slippage, 4 orders: −$111.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$151.91
Costs to cover: 1.368%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; dYdX: live order book, 39 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 Gate live order book, 4 min ago	2.21 bp	14.9 bp −$15	33.9 bp −$339	49.1 bp −$4,914	116.0 bp −$58.0K
Sell dYdX live order book, 39 min ago	47.32 bp	52.3 bp −$52	74.8 bp −$748	126.9 bp −$12.7K	228.7 bp −$114.4K

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	−0.0022%	1h	0.4531	+0.055%	$239K	$169K	5x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4533	+0.091%	$155K	$32K	10x
Kalshi KXWLDPERP	0.0000%	8h	0.4532	+0.066%	$51K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4531	+0.044%	$150K	$954K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4531	+0.038%	$66K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4530	+0.022%	$27K	$750K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4531	+0.037%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4532	+0.076%	$49K	$537K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4529	0.000%	$86.5M	$335.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4527	−0.044%	$64.5M	$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	0.4527	−0.044%	$34.2M	$152.0M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4529	long leg	$7.1M	$36.4M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4528	−0.022%	$40.1M	$57.7M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4526	−0.066%	$6.6M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4529	0.000%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4528	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4529	0.000%	$135K	$292K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4535	+0.126%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4525	−0.079%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4530	+0.023%	$597K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4529	0.000%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4529	−0.004%	$47K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4534	+0.110%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4528	−0.022%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4527	−0.044%	$828K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4530	+0.022%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4527	−0.051%	$208K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4529	+0.005%	$31K	$500	3x	as long as short
Lighter WLD	+0.0120%	1h	0.4534	+0.108%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.148%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4528	−0.016%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0136%	1h	0.4531	+0.046%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4541	+0.276%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4529	+0.011%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4535	+0.132%	$4.8M	$914K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4537	+0.177%	$274K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0495%	1h	0.4534	+0.115%	$49.8M	$43.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1045%	1h	0.4530	+0.030%	$876K	$2.8M	50x	as long as short