Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0335%/8h= +36.7% APRpaid last 24h −0.038%

Price spread now: MEXC against Injective−0.834%7-day average −0.199% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 3 days (all we have)+0.508%+$51 · spread now −0.834%, 7d avg −0.199%

Together, before fees+0.473%+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.635% cheaper against Injective than usual: you would sell low and buy high (spread −0.834% now, against its 7-day average of −0.199%). If the spread goes back, that is −$64 on $10k: about 6.3 days of funding at the current rate (+$10 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.035% in total (about -1.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WLD/USDC PERP	0.4675	−0.0235	get 0.0029% / 1h	41m 20s	$6K	$185K	5.5x
Short	MEXC WLD_USDT	0.4636	0.0100	get 0.0100% / 8h	6h 41m	$46.7M	$54.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now −0.834%Rate

Funding earned: $70.37
Price spread: −0.834% → −0.199%: −$63.51
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $6.84
Costs to cover: 0.000%
Break-even: 6.3 days

Slippage unknown: Injective: live order book, 58 min ago; MEXC: live order book, 3 min ago. Net counts fees only.

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 Injective live order book, 58 min ago	71.71 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.07 bp	1.8 bp −$2	5.2 bp −$52	28.5 bp −$2,850	77.8 bp −$38.9K

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 PERPlong	−0.0235%	1h	0.4675	long leg	$6K	$185K	5.5x
Kalshi KXWLDPERP	−0.0158%	8h	0.4648	−0.578%	$26K	$4.3M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0042%	8h	0.4635	−0.856%	$7.0M	$11.4M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4636	−0.839%	$158K	$19K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4630	−0.963%	$130K	$909K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4634	−0.877%	$66K	—	150x	as long as short
Nado WLD-PERP	+0.0003%	1h	0.4635	−0.845%	$269K	$178K	5x	as long as short
ApeX Omni WLDUSDT	+0.0016%	1h	0.4681	+0.128%	$51K	$241K	50x	as long as short
Orderly PERP_WLD_USDC	+0.0055%	8h	0.4631	−0.941%	$28K	$898K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4673	−0.051%	$5K	$54K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLD_USDT	+0.0085%	8h	0.4632	−0.920%	$7.4M	$36.9M	75x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4646	−0.610%	$178K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4635	−0.850%	$55K	$493K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4633	−0.898%	$88.5M	$320.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4631	−0.941%	$66.4M	$86.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4630	−0.963%	$35.0M	$150.4M	50x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4636	−0.834%	$46.7M	$54.9M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4627	−1.027%	$30.8M	$28.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4634	−0.877%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4650	−0.539%	$141K	$289K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4629	−0.989%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4680	+0.114%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4683	+0.172%	$620K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4641	−0.738%	$58K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4637	−0.813%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4630	−0.963%	$220	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4634	−0.877%	$877K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4632	−0.920%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4628	−1.008%	$214K	$888K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4631	−0.942%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4634	−0.871%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4719	+0.941%	$5.0M	$878K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4634	−0.872%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4641	−0.725%	$332	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4641	−0.727%	$274K	$1.7M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0646%	1h	0.4633	−0.890%	$920K	$2.8M	50x	as long as short
Hyperliquid WLD	+0.0653%	1h	0.4642	−0.717%	$51.9M	$44.6M	10x	as long as short
Lighter WLD	+0.0864%	1h	0.4642	−0.702%	$5.3M	$2.1M	10x	as long as short