Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.022%

Price spread now: BloFin against ApeX Omni+0.198%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.198%, 7d avg −0.031%

Together, before fees+0.203%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.229% dearer against ApeX Omni than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WLDUSDT	0.4536	0.0100	pay 0.0013% / 1h	17m 02s	$48K	$240K	50x
Short	BloFin WLD-USDT	0.4545	0.0220	get 0.0220% / 8h	2h 17m	$4.8M	$923K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.198%Rate

Funding earned: $25.2
Price spread: +0.198% → −0.031%: $22.89
Slippage, 4 orders: −$37.59
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$11.5
Costs to cover: 0.596%
Break-even: 10.2 days

Slippage from ApeX Omni: live order book, 29 min ago; BloFin: live order book, 7 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, 29 min ago	8.88 bp	16.8 bp −$17	113.4 bp −$1,134	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	3.35 bp	13.7 bp −$14	15.7 bp −$157	27.8 bp −$2,782	102.3 bp −$51.2K

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	−0.0054%	1h	0.4545	+0.198%	$244K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4540	+0.090%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4539	+0.066%	$53K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4542	+0.130%	$66K	—	150x	as long as short
01 Exchange WLDUSD	+0.0048%	1h	0.4545	+0.194%	$325	$55	5x	as long as short
KuCoin WLDUSDTM	+0.0052%	8h	0.4541	+0.110%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0069%	1h	0.4541	+0.117%	$40K	$2.4M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4542	+0.132%	$28K	$796K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4540	+0.094%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4545	+0.194%	$51K	$539K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4539	+0.073%	$86.5M	$338.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4539	+0.066%	$64.6M	$91.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4538	+0.044%	$34.3M	$154.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4542	+0.132%	$7.2M	$37.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4541	+0.110%	$39.3M	$56.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4540	+0.088%	$30.0M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4542	+0.132%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4543	+0.161%	$135K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4510	−0.580%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4512	−0.529%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4535	−0.022%	$605K	$2.0M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4536	long leg	$48K	$240K	50x
SunX WLD-USDT	+0.0100%	8h	0.4548	+0.265%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4542	+0.132%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4540	+0.088%	$831K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4541	+0.110%	$1.8M	$3.7M	50x	as long as short
Lighter WLD	+0.0104%	1h	0.4546	+0.227%	$4.9M	$2.9M	10x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4539	+0.056%	$222K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4540	+0.095%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4540	+0.094%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4534	−0.049%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	−0.507%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0190%	1h	0.4543	+0.154%	$145K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4541	+0.100%	$4K	—	100x	as long as short
BloFin WLD-USDTshort	+0.0220%	8h	0.4545	+0.198%	$4.8M	$923K	75x
Hyperliquid WLD	+0.0272%	1h	0.4548	+0.262%	$49.1M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0499%	1h	0.4545	+0.199%	$865K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4548	+0.265%	$277K	$1.7M	50x	as long as short