Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.005%

Price spread now: dYdX against KuCoin+0.197%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$2172.175% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)−0.115%−$11 · spread now +0.197%, 7d avg +0.048%

Together, before fees−0.219%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and dYdX is 0.150% dearer against KuCoin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.048%. Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4597	−0.0043	get 0.0043% / 8h	6h 38m	$6.9M	$11.4M	50x
Short	dYdX WLD-USD	0.4606	0	get 0.0000% / 1h	38m 22s	$157K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against KuCoin. 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 KuCoinbpFee dYdXbpOrdersPrice spread, now +0.197%Rate

Funding earned: $9.03
Price spread: +0.197% → +0.048%: $14.96
Slippage, 4 orders: −$195.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$193.46
Costs to cover: 2.175%
Break-even: 157.0 days

Slippage from KuCoin: live order book, 5 min ago; dYdX: live order book, 31 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 KuCoin live order book, 5 min ago	3.21 bp	29.4 bp −$29	46.4 bp −$464	doesn't fit	doesn't fit
Sell dYdX live order book, 31 min ago	77.99 bp	84.0 bp −$84	146.9 bp −$1,469	231.0 bp −$23.1K	725.0 bp −$362.5K

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	−0.0235%	1h	0.4675	+1.697%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0163%	8h	0.4612	+0.326%	$44K	$4.4M	1.7x	as long as short
KuCoin WLDUSDTMlong	−0.0043%	8h	0.4597	long leg	$6.9M	$11.4M	50x
dYdX WLD-USDshort	0.0000%	1h	0.4606	+0.197%	$157K	$19K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4622	+0.544%	$130K	$909K	25x	as long as short
Nado WLD-PERP	+0.0002%	1h	0.4599	+0.044%	$267K	$178K	5x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4592	−0.109%	$66K	—	150x	as long as short
ApeX Omni WLDUSDT	+0.0016%	1h	0.4681	+1.827%	$51K	$241K	50x	as long as short
Orderly PERP_WLD_USDC	+0.0055%	8h	0.4620	+0.500%	$28K	$898K	10x	as long as short
Gate WLD_USDT	+0.0060%	8h	0.4603	+0.131%	$7.3M	$37.1M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix WLD	+0.0068%	1h	0.4673	+1.645%	$5K	$54K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4604	+0.152%	$176K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4606	+0.197%	$56K	$509K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4593	−0.084%	$87.2M	$323.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4590	−0.152%	$65.6M	$86.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4603	+0.131%	$34.7M	$150.1M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4601	+0.087%	$46.3M	$55.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4599	+0.044%	$30.6M	$29.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4592	−0.109%	—	$67.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4621	+0.522%	$138K	$291K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4629	+0.691%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4680	+1.813%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4618	+0.467%	$606K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4605	+0.168%	$53K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4626	+0.631%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4618	+0.457%	$221	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	+0.587%	$875K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4621	+0.522%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4596	−0.023%	$212K	$887K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4622	+0.544%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4600	+0.072%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4719	+2.654%	$5.0M	$878K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0238% / S −0.1538%	1h	0.4592	−0.112%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4602	+0.109%	$329	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4632	+0.761%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0598%	1h	0.4608	+0.244%	$51.5M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0647%	1h	0.4623	+0.572%	$905K	$2.8M	50x	as long as short
Lighter WLD	+0.0872%	1h	0.4616	+0.402%	$5.2M	$2.1M	10x	as long as short