Funding you earn now, next payment 02:00 UTC+0.0408%/8h= +44.7% APRnext payment +$0.51 per $10,000 · paid last 24h +0.030%
Price spread now: Hyperliquid against ApeX Omni−1.213%105s7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as 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−$420.422% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 3 days (all we have)+1.140%+$114 · spread now −1.213%, 7d avg +0.041%
=Together, before fees+1.154%+ Points / potential airdropHyperliquid: Season 2 · farm board+$115 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 1.254% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −1.213% now, against its 7-day average of +0.041%). If the spread goes back, that is −$125 on $10k: about 10 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.014% in total) that is about 21 months. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni WLDUSDT | 0.4708 | 0.0100 | pay 0.0013% / 1h | 55m 40s | $57K | $233K | 50x |
| Short | Hyperliquid WLD | 0.4651 | 0.0508 | get 0.0064% / 1h | 55m 40s | $52.0M | $44.4M | 10x |
ApeX Omni WLDUSDT
Hyperliquid WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $85.68
- Price spread: −1.213% → +0.041%
- −$125.42
- Slippage, 4 orders
- −$23.18
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$81.92
- Costs to cover
- 0.422%
- Break-even
- 13.7 days
Slippage from ApeX Omni: live order book, 11 min ago; Hyperliquid: live order book, 8 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, 11 min ago | 5.31 bp | 13.3 bp −$13 | 83.0 bp −$830 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.17 bp | 6.8 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective WLD/USDC PERP | −0.0235% | 1h | 0.4675 | −0.701% | $6K | $185K | 5.5x | as long as short |
| Kalshi KXWLDPERP | −0.0158% | 8h | 0.4645 | −1.338% | $28K | $4.2M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0022% | 8h | 0.4641 | −1.423% | $7.0M | $11.3M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4653 | −1.173% | $166K | $12K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4648 | −1.274% | $131K | $909K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4649 | −1.253% | $66K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0052% | 8h | 0.4648 | −1.274% | $28K | $899K | 10x | as long as short |
| Nado WLD-PERP | +0.0099% | 1h | 0.4654 | −1.136% | $270K | $178K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4649 | −1.260% | $212K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4647 | −1.304% | $54K | $487K | 5x | as long as short |
Injective WLD/USDC PERP
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
Nado WLD-PERP
Aster WLDUSDT
Pacifica WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4646 | −1.317% | $88.7M | $316.6M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4657 | −1.083% | $67.0M | $85.2M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4657 | −1.083% | $35.0M | $150.0M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4642 | −1.402% | $7.4M | $36.3M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4653 | −1.168% | $47.4M | $54.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4642 | −1.402% | $30.9M | $28.1M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4645 | −1.338% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4640 | −1.438% | $140K | $279K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4647 | −1.300% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4703 | −0.105% | $28K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4685 | −0.486% | $619K | $1.8M | 10x | as long as short |
| ApeX Omni WLDUSDTlong | +0.0100% | 1h | 0.4708 | long leg | $57K | $233K | 50x | |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4656 | −1.096% | $50K | $1.8M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4651 | −1.211% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4651 | −1.211% | $220 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4641 | −1.423% | $880K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4643 | −1.381% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4642 | −1.393% | $214K | $881K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4653 | −1.158% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4652 | −1.184% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4667 | −0.860% | $5K | $54K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4662 | −0.977% | $5.0M | $869K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0239% / S −0.1538% | 1h | 0.4648 | −1.273% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0288% | 1h | 0.4656 | −1.098% | $333 | $77 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0456% | 1h | 0.4650 | −1.232% | $273K | $1.7M | 50x | as long as short |
| Hyperliquid WLDshort | +0.0508% | 1h | 0.4651 | −1.213% | $52.0M | $44.4M | 10x | |
| Kraken Futures PF_WLDUSD | +0.0644% | 1h | 0.4649 | −1.259% | $913K | $2.8M | 50x | as long as short |
| Lighter WLD | +0.0680% | 1h | 0.4656 | −1.109% | $5.3M | $2.1M | 10x | as long as short |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Kraken Futures PF_WLDUSD
Lighter WLD