Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0396%/8h= +43.4% APRpaid last 24h +0.077%

Price spread now: Coinbase International against MEXC+0.372%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.372%, 7d avg +0.073%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.298% dearer against MEXC than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.073%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.131% in total (about 6.8% 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	MEXC WLD_USDT	0.4576	0.0100	pay 0.0100% / 8h	4h 14m	$44.2M	$54.4M	300x
Short	Coinbase International WLD-PERP-INTX	0.4593	0.0496	get 0.0062% / 1h	14m 42s	$269K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.372%Rate

Funding earned: $83.16
Price spread: +0.372% → +0.073%: $29.81
Slippage, 4 orders: −$32.3
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $70.67
Costs to cover: 0.423%
Break-even: 1.1 days

Slippage from MEXC: live order book, 4 min ago; Coinbase International: 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 MEXC live order book, 4 min ago	1.09 bp	1.1 bp −$1	4.4 bp −$44	28.0 bp −$2,797	70.9 bp −$35.4K
Sell Coinbase International live order book, 4 min ago	8.73 bp	26.4 bp −$26	31.6 bp −$316	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
Nado WLD-PERP	−0.0044%	1h	0.4576	0.000%	$242K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0006%	8h	0.4574	−0.044%	$6.9M	$11.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4575	−0.018%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4576	0.000%	$46K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4578	+0.044%	$118K	$942K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4578	+0.040%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4583	+0.153%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0095%	8h	0.4576	0.000%	$28K	$886K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4581	+0.118%	$4.9M	$2.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4577	+0.024%	$211K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4576	+0.004%	$49K	$527K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4575	−0.022%	$86.7M	$328.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4575	−0.022%	$65.1M	$89.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4576	0.000%	$34.3M	$149.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4576	0.000%	$7.2M	$37.0M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4576	long leg	$44.2M	$54.4M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4575	−0.022%	$30.2M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4576	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4576	−0.009%	$136K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4578	+0.037%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4580	+0.087%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4587	+0.240%	$604K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4584	+0.175%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4576	+0.007%	$39K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4580	+0.087%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4574	−0.044%	$174	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4574	−0.044%	$836K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4578	+0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4574	−0.049%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4578	+0.037%	$31K	$600	3x	as long as short
01 Exchange WLDUSD	+0.0128%	1h	0.4580	+0.094%	$328	$80	5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4572	−0.093%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4586	+0.227%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4577	+0.022%	$4.9M	$831K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4577	+0.030%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0325%	1h	0.4581	+0.103%	$50.3M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0479%	1h	0.4578	+0.049%	$884K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0496%	1h	0.4593	+0.372%	$269K	$1.7M	50x