Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.015%

Price spread now: gTrade (Gains Network) against MEXC−0.069%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.069% cheaper against MEXC than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4532	0.0100	pay 0.0100% / 8h	1h 16m	$39.9M	$57.6M	300x
Short	gTrade (Gains Network) WLD/USD	0.4529	L +0.0003% / S −0.0003%	get 0.0000% / 1h	16m 49s	$66K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.069%Rate

Funding earned: −$20.42
Price spread: −0.069% → 0.000%: −$6.93
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$37.35
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. 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 MEXC live order book, 2 min ago	1.10 bp	2.0 bp −$2	5.7 bp −$57	30.9 bp −$3,086	89.5 bp −$44.7K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0007%	1h	0.4530	−0.044%	$238K	$169K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4539	+0.156%	$155K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4541	+0.199%	$50K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4529	−0.066%	$150K	$955K	25x	as long as short
gTrade (Gains Network) WLD/USDshort	L +0.0003% / S −0.0003%	1h	0.4529	−0.069%	$66K	—	150x
KuCoin WLDUSDTM	+0.0098%	8h	0.4531	−0.022%	$6.7M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4527	−0.110%	$27K	$760K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4534	+0.050%	$227K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4537	+0.112%	$49K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4533	+0.022%	$86.4M	$337.0M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4531	−0.022%	$64.6M	$90.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4531	−0.022%	$34.3M	$153.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4532	0.000%	$7.1M	$36.4M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4532	long leg	$39.9M	$57.6M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4531	−0.022%	$30.0M	$31.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4533	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4532	−0.004%	$135K	$296K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4537	+0.104%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4538	+0.139%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4540	+0.176%	$607K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4541	+0.199%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4530	−0.046%	$47K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4533	+0.022%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4529	−0.066%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4529	−0.066%	$828K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4530	−0.044%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4530	−0.039%	$210K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4530	−0.055%	$31K	$500	3x	as long as short
Lighter WLD	+0.0120%	1h	0.4537	+0.113%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.081%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4528	−0.093%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4533	+0.024%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4548	+0.346%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4529	−0.072%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4527	−0.110%	$4.8M	$915K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4532	0.000%	$273K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0543%	1h	0.4538	+0.124%	$49.8M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1045%	1h	0.4531	−0.031%	$870K	$2.9M	50x	as long as short