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 −0.014%

Price spread now: MEXC against Phemex+0.109%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$910.906% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−0.276%−$28 · spread now +0.109%, 7d avg −0.019%

Together, before fees−0.385%−$39 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: MEXC is 0.128% dearer against Phemex than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4576	0.0100	pay 0.0100% / 8h	2h 07m	$1.8M	$3.7M	50x
Short	MEXC WLD_USDT	0.4581	0.0100	get 0.0100% / 8h	2h 07m	$40.3M	$56.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Phemex. 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 PhemexbpFee MEXCbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → −0.019%: $12.82
Slippage, 4 orders: −$78.57
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$77.75
Costs to cover: 0.906%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; MEXC: live order book, 2 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 Phemex live order book, 2 min ago	9.85 bp	45.5 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.10 bp	1.1 bp −$1	3.8 bp −$38	20.4 bp −$2,040	64.0 bp −$32.0K

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	−0.0034%	1h	0.4576	0.000%	$243K	$209K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4569	−0.149%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4563	−0.284%	$39K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4576	−0.004%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0063%	8h	0.4576	0.000%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4577	+0.020%	$327	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4577	+0.022%	$28K	$790K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4582	+0.131%	$229K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4572	−0.087%	$51K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4580	+0.087%	$87.2M	$338.8M	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	0.4579	+0.066%	$65.3M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4579	+0.066%	$34.7M	$156.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4579	+0.066%	$7.2M	$37.8M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4581	+0.109%	$40.3M	$56.6M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4581	+0.109%	$30.3M	$31.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4581	+0.109%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4583	+0.160%	$134K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4559	−0.378%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4558	−0.387%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4562	−0.313%	$601K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4558	−0.393%	$49K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4576	+0.009%	$39K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4584	+0.175%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4575	−0.022%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	−0.175%	$836K	$1.7M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4576	long leg	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4575	−0.018%	$223K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4578	+0.050%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4576	+0.006%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4560	−0.343%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4581	+0.114%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.699%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4577	+0.024%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4576	0.000%	$4.8M	$923K	75x	as long as short
Hyperliquid WLD	+0.0350%	1h	0.4588	+0.269%	$50.0M	$44.6M	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0406%	1h	0.4579	+0.066%	$146K	$1.0M	25x	as long as short
Kraken Futures PF_WLDUSD	+0.0495%	1h	0.4577	+0.014%	$867K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4571	−0.109%	$276K	$1.7M	50x	as long as short