Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: BingX against ApeX Omni+0.326%83s7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as 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−$610.608% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 3 days (all we have)−0.973%−$97 · spread now +0.326%, 7d avg −0.067%

Together, before fees−0.984%−$98 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: BingX is 0.392% dearer against ApeX Omni than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.067%. The two prices were read 83 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	ApeX Omni WLDUSDT	0.4608	0.0100	pay 0.0013% / 1h	56m 00s	$55K	$228K	50x
Short	BingX WLD-USDC	0.4623	0.0100	get 0.0100% / 8h	56m 00s	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now +0.326%Rate

Funding earned: $0
Price spread: +0.326% → −0.067%: $39.21
Slippage, 4 orders: −$40.78
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$21.57
Costs to cover: 0.608%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 20 min ago; BingX: live order book, 14 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 ApeX Omni live order book, 20 min ago	7.66 bp	15.5 bp −$15	97.7 bp −$977	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	2.19 bp	14.3 bp −$14	40.5 bp −$405	453.4 bp −$45.3K	745.1 bp −$372.5K

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	−0.0250%	8h	0.4616	+0.174%	$50K	$3.8M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4625	+0.376%	$165K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4626	+0.391%	$110K	$881K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4626	+0.395%	$58K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0009%	8h	0.4625	+0.369%	$28K	$910K	10x	as long as short
KuCoin WLDUSDTM	+0.0011%	8h	0.4623	+0.326%	$7.1M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0074%	1h	0.4624	+0.347%	$278K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4625	+0.378%	$196K	$999K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4626	+0.389%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4625	+0.369%	$87.7M	$298.1M	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	0.4625	+0.369%	$66.2M	$82.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4624	+0.347%	$34.6M	$143.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4623	+0.326%	$7.5M	$35.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4624	+0.347%	$49.8M	$51.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4625	+0.369%	$30.5M	$25.6M	75x	as long as short
BingX WLD-USDCshort	+0.0100%	8h	0.4623	+0.326%	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4626	+0.386%	$131K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4603	−0.111%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4607	−0.018%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4612	+0.097%	$620K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4608	long leg	$55K	$228K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4627	+0.419%	$42K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4629	+0.456%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4624	+0.347%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4617	+0.195%	$871K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4624	+0.347%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4623	+0.330%	$237K	$860K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4627	+0.401%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4617	+0.187%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4623	+0.333%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4621	+0.282%	$4.9M	$823K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0261% / S −0.2221%	1h	0.4626	+0.383%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4629	+0.454%	$331	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	+0.087%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4618	+0.217%	$274K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0583%	1h	0.4630	+0.473%	$50.3M	$43.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0711%	1h	0.4628	+0.425%	$922K	$2.6M	50x	as long as short
Lighter WLD	+0.1448%	1h	0.4637	+0.623%	$5.3M	$2.0M	10x	as long as short