Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Bitget against MEXC−0.064%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days+0.051%+$5 · spread now −0.064%, 7d avg −0.029%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.035% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4666	0.0100	pay 0.0100% / 8h	6h 00m	$46.2M	$56.4M	300x
Short	Bitget WLDUSDT	0.4663	0.0100	get 0.0100% / 8h	6h 00m	$31.0M	$29.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → −0.029%: −$3.51
Slippage, 4 orders: −$17.92
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$33.43
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bitget: live order book, 3 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 MEXC live order book, 3 min ago	1.07 bp	3.1 bp −$3	6.0 bp −$60	21.7 bp −$2,174	78.1 bp −$39.1K
Sell Bitget live order book, 3 min ago	2.14 bp	15.0 bp −$15	17.8 bp −$178	41.9 bp −$4,189	doesn't fit

WLD on 37 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	0.4666	0.000%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0136%	8h	0.4663	−0.064%	$70K	$4.4M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0037%	8h	0.4667	+0.021%	$7.1M	$11.5M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4667	+0.023%	$166K	$26K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4668	+0.041%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0019%	1h	0.4661	−0.118%	$271K	$189K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0066%	8h	0.4668	+0.043%	$28K	$895K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4669	+0.058%	$5K	$54K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4669	+0.065%	$179K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4667	+0.026%	$51K	$513K	5x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4662	−0.076%	$88.8M	$324.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4661	−0.107%	$66.5M	$87.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4661	−0.107%	$35.2M	$151.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4664	−0.043%	$7.3M	$38.2M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4666	long leg	$46.2M	$56.4M	300x
Bitget WLDUSDTshort	+0.0100%	8h	0.4663	−0.064%	$31.0M	$29.5M	75x
BingX WLD-USDC	+0.0100%	8h	0.4664	−0.043%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4663	−0.066%	$137K	$290K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4667	+0.015%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4680	+0.309%	$28K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4675	+0.193%	$617K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4680	+0.300%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4667	+0.021%	$55K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4672	+0.129%	$24K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4670	+0.086%	$297	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4663	−0.064%	$852K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4668	+0.043%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4663	−0.066%	$215K	$889K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4672	+0.137%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4665	−0.027%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0178%	1h	0.4670	+0.086%	$120K	$922K	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4669	+0.063%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0288%	1h	0.4667	+0.026%	$334	$80	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4668	+0.043%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0554%	1h	0.4675	+0.199%	$52.0M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0641%	1h	0.4672	+0.132%	$906K	$2.9M	50x	as long as short
Lighter WLD	+0.0864%	1h	0.4676	+0.216%	$5.3M	$2.1M	10x	as long as short