Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0083%/8h= +9.0% APRpaid last 24h −0.022%

Price spread now: Gate against ApeX Omni−0.457%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 3 days (all we have)−0.240%−$24 · spread now −0.457%, 7d avg −0.068%

Together, before fees−0.384%−$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.388% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.457% now, against its 7-day average of −0.068%). If the spread goes back, that is −$39 on $10k: about 16 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WLDUSDT	0.4600	0.0017	pay 0.0002% / 1h	50m 41s	$55K	$226K	50x
Short	Gate WLD_USDT	0.4579	0.0100	get 0.0100% / 8h	2h 50m	$7.5M	$34.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.457%Rate

Funding earned: $17.34
Price spread: −0.457% → −0.068%: −$38.82
Slippage, 4 orders: −$35.81
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$82.29
Costs to cover: 0.608%
Break-even: 40.2 days

Slippage from ApeX Omni: live order book, 35 min ago; Gate: live order book, 3 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, 35 min ago	7.62 bp	16.3 bp −$16	107.1 bp −$1,071	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.17 bp	14.2 bp −$14	33.3 bp −$333	52.3 bp −$5,233	126.0 bp −$63.0K

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
Kalshi KXWLDPERP	−0.0452%	8h	0.4582	−0.391%	$31K	$3.7M	1.7x	as long as short
Variational Omni WLD	−0.0069%	8h	0.4630	+0.663%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0028%	8h	0.4583	−0.370%	$28K	$920K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4582	−0.402%	$156K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4582	−0.391%	$154K	$785K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4588	−0.267%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0014%	8h	0.4577	−0.500%	$7.0M	$10.7M	50x	as long as short
ApeX Omni WLDUSDTlong	+0.0017%	1h	0.4600	long leg	$55K	$226K	50x
OKX WLD-USDT-SWAP	+0.0040%	8h	0.4578	−0.478%	$34.6M	$137.4M	50x	as long as short
Phoenix WLD	+0.0052%	1h	0.4597	−0.057%	$5K	$52K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0069%	8h	0.4581	−0.413%	$67.3M	$78.5M	50x	as long as short
Nado WLD-PERP	+0.0082%	1h	0.4586	−0.304%	$274K	$168K	5x	as long as short
MEXC WLD_USDT	+0.0090%	8h	0.4580	−0.435%	$53.6M	$46.5M	300x	as long as short
Binance WLDUSDT	+0.0091%	8h	0.4582	−0.396%	$87.5M	$289.2M	75x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4580	−0.429%	$210K	$977K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4583	−0.373%	$55K	$475K	5x	as long as short
Gate WLD_USDTshort	+0.0100%	8h	0.4579	−0.457%	$7.5M	$34.0M	75x
Bitget WLDUSDT	+0.0100%	8h	0.4580	−0.435%	$30.2M	$24.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4581	−0.413%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4583	−0.378%	$129K	$282K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4599	−0.019%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4607	+0.152%	$624K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4589	−0.246%	$56K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4587	−0.283%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4581	−0.413%	$198	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4579	−0.457%	$862K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4580	−0.435%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4578	−0.486%	$134K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4584	−0.348%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4590	−0.226%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0211%	8h	0.4579	−0.457%	$5.0M	$879K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0223% / S −0.1831%	1h	0.4588	−0.260%	$9K	—	100x	as long as short
Hyperliquid WLD	+0.0341%	1h	0.4585	−0.317%	$47.6M	$40.4M	10x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+0.478%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4588	−0.261%	$276K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0824%	1h	0.4583	−0.367%	$328	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.1088%	1h	0.4586	−0.315%	$920K	$2.5M	50x	as long as short
Lighter WLD	+0.1104%	1h	0.4593	−0.146%	$5.1M	$2.0M	10x	as long as short