Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h −0.019%

Price spread now: Deribit against MEXC−0.286%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 4 days (all we have)+0.580%+$58 · spread now −0.286%, 7d avg +0.047%

Together, before fees+0.502%+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.333% cheaper against MEXC than usual: you would sell low and buy high (spread −0.286% now, against its 7-day average of +0.047%). If the spread goes back, that is −$33 on $10k: about 12 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.078%, 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	MEXC WLD_USDT	0.4542	0.0100	pay 0.0100% / 8h	3h 21m	$40.2M	$55.2M	300x
Short	Deribit WLD_USDC-PERPETUAL	0.4529	0.0192	get 0.0024% / 1h	21m 27s	$123K	$973K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.286%Rate

Funding earned: $19.28
Price spread: −0.286% → +0.047%: −$33.31
Slippage, 4 orders: −$18.44
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$39.47
Costs to cover: 0.254%
Break-even: 21.3 days

Slippage from MEXC: live order book, 2 min ago; Deribit: live order book, 32 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, 2 min ago	1.10 bp	1.1 bp −$1	5.5 bp −$55	22.6 bp −$2,258	77.3 bp −$38.7K
Sell Deribit live order book, 32 min ago	7.59 bp	11.1 bp −$11	18.1 bp −$181	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	−0.0026%	1h	0.4542	+0.011%	$241K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4544	+0.037%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4520	−0.484%	$86K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4528	−0.312%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0028%	8h	0.4538	−0.088%	$6.9M	$11.7M	50x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4539	−0.057%	$208K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4542	+0.007%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4541	−0.017%	$86.6M	$330.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4541	−0.022%	$64.6M	$90.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4541	−0.022%	$34.3M	$151.1M	50x	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	+0.0100%	8h	0.4541	−0.022%	$7.3M	$36.6M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4542	long leg	$40.2M	$55.2M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4543	+0.022%	$30.0M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4542	0.000%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4527	−0.321%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4546	+0.081%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4532	−0.222%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4542	+0.007%	$601K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4533	−0.198%	$43K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4541	−0.026%	$39K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4527	−0.330%	$28K	$868K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4532	−0.220%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4527	−0.330%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4518	−0.528%	$826K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4527	−0.330%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4540	−0.039%	$214K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4526	−0.347%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4540	−0.051%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.749%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4526	−0.352%	$5K	$52K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	+0.0192%	1h	0.4529	−0.286%	$123K	$973K	25x
BloFin WLD-USDT	+0.0220%	8h	0.4534	−0.176%	$4.9M	$888K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4527	−0.337%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0288%	1h	0.4546	+0.077%	$325	$55	5x	as long as short
Hyperliquid WLD	+0.0369%	1h	0.4547	+0.108%	$49.9M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0524%	1h	0.4530	−0.270%	$880K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4536	−0.132%	$265K	$1.6M	50x	as long as short
Lighter WLD	+0.0832%	1h	0.4549	+0.150%	$5.2M	$2.6M	10x	as long as short