Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.016%

Price spread now: Pacifica against MEXC+0.244%45s7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.261% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.244%, 7d avg +0.044%

Together, before fees+0.173%+ Points / potential airdropPacifica: Active · farm board+$17 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: Pacifica is 0.200% dearer against MEXC than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.044%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4515	0.0093	pay 0.0093% / 8h	2h 06m	$52.4M	$48.1M	300x
Short	Pacifica WLD	0.4526	0.0100	get 0.0013% / 1h	6m 51s	$51K	$481K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.244%Rate

Funding earned: $1.47
Price spread: +0.244% → +0.044%: $20
Slippage, 4 orders: −$18.09
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$4.61
Costs to cover: 0.261%
Break-even: 29.0 days

Slippage from MEXC: live order book, 2 min ago; Pacifica: live order book, 17 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	1.11 bp	1.4 bp −$1	5.4 bp −$54	20.5 bp −$2,047	79.0 bp −$39.5K
Sell Pacifica live order book, 17 min ago	2.20 bp	10.1 bp −$10	doesn't fit	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
Kalshi KXWLDPERP	−0.0495%	8h	0.4524	+0.199%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0017%	8h	0.4524	+0.199%	$28K	$916K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4516	+0.017%	$154K	$6K	10x	as long as short
KuCoin WLDUSDTM	0.0000%	8h	0.4519	+0.089%	$7.0M	$10.7M	50x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4524	+0.199%	$122K	$911K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4523	+0.186%	$56K	—	150x	as long as short
Variational Omni WLD	+0.0006%	8h	0.4520	+0.119%	$2.1M	$1.7M	—	as long as short
Nado WLD-PERP	+0.0039%	1h	0.4520	+0.111%	$271K	$169K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4524	+0.199%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0087%	8h	0.4513	−0.044%	$33.8M	$137.5M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC WLD_USDTlong	+0.0093%	8h	0.4515	long leg	$52.4M	$48.1M	300x
Binance WLDUSDT	+0.0096%	8h	0.4515	0.000%	$84.7M	$293.1M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4519	+0.091%	$46.4M	$41.3M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4520	+0.100%	$214K	$976K	50x	as long as short
Pacifica WLDshort	+0.0100%	1h	0.4526	+0.244%	$51K	$481K	5x
Bybit WLDUSDT	+0.0100%	8h	0.4513	−0.044%	$64.3M	$80.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4517	+0.044%	$7.3M	$34.8M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4513	−0.044%	$29.9M	$25.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4517	+0.044%	—	$68.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4523	+0.182%	$128K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4522	+0.158%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4526	+0.237%	$607K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4521	+0.133%	$54K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4522	+0.157%	$51K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4530	+0.332%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4523	+0.177%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4526	+0.244%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4523	+0.177%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4518	+0.065%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4524	+0.199%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4520	+0.116%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0216%	8h	0.4527	+0.266%	$4.8M	$810K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0216% / S −0.1712%	1h	0.4522	+0.165%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0312%	1h	0.4529	+0.315%	$324	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4542	+0.598%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4527	+0.266%	$278K	$1.6M	50x	as long as short
Lighter WLD	+0.0952%	1h	0.4524	+0.199%	$5.1M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1103%	1h	0.4524	+0.202%	$920K	$2.6M	50x	as long as short