Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h +0.047%

Price spread now: MEXC against 01 Exchange−0.175%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on MEXC

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 −$4 a day on $10k at the current rate, and MEXC is 0.175% cheaper against 01 Exchange than usual: you would sell low and buy high (−$18 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	01 Exchange WLDUSD	0.4571	0.0248	pay 0.0031% / 1h	18m 59s	$327	$77	5x
Short	MEXC WLD_USDT	0.4563	0.0100	get 0.0100% / 8h	18m 59s	$45.4M	$53.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against 01 Exchange. 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 01 ExchangebpFee MEXCbpOrdersPrice spread, now −0.175%Rate

Funding earned: −$31.08
Price spread: −0.175% → 0.000%: −$17.5
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$55.58
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; MEXC: live order book, 5 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	1.10 bp	3.0 bp −$3	6.6 bp −$66	20.8 bp −$2,082	68.2 bp −$34.1K

01 Exchange: 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
Kalshi KXWLDPERP	−0.0190%	8h	0.4566	−0.109%	$64K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4565	−0.124%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4567	−0.088%	$113K	$886K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4566	−0.105%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0007%	8h	0.4561	−0.219%	$6.9M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0031%	8h	0.4565	−0.131%	$28K	$907K	10x	as long as short
Nado WLD-PERP	+0.0041%	1h	0.4567	−0.088%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4567	−0.090%	$191K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4566	−0.111%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4563	−0.175%	$86.0M	$302.0M	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	0.4563	−0.175%	$65.4M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4564	−0.153%	$34.1M	$142.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4563	−0.175%	$7.4M	$35.7M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4563	−0.175%	$45.4M	$53.2M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4562	−0.197%	$30.1M	$25.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4564	−0.153%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4565	−0.138%	$139K	$278K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4567	−0.090%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4561	−0.212%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4569	−0.038%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4565	−0.131%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4570	−0.024%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4574	+0.066%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4565	−0.131%	$211	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4549	−0.481%	$847K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4565	−0.131%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4563	−0.183%	$233K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4566	−0.102%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4570	−0.031%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4565	−0.135%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4564	−0.153%	$4.9M	$817K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4567	−0.098%	$5K	—	100x	as long as short
01 Exchange WLDUSDlong	+0.0248%	1h	0.4571	long leg	$327	$77	5x
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.459%	$6K	$185K	5.5x	as long as short
Hyperliquid WLD	+0.0439%	1h	0.4568	−0.074%	$49.5M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4573	+0.044%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0720%	1h	0.4567	−0.097%	$900K	$2.7M	50x	as long as short
Lighter WLD	+0.1376%	1h	0.4572	+0.022%	$5.2M	$2.0M	10x	as long as short