Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.021%

Price spread now: KuCoin against ApeX Omni−0.459%52s7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as 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−$730.735% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.459%, 7d avg −0.076%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.382% cheaper against ApeX Omni than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of −0.076%). Swap the legs. The two prices were read 52 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	0.4580	0.0100	pay 0.0013% / 1h	28m 31s	$43K	$238K	50x
Short	KuCoin WLDUSDTM	0.4559	0.0024	get 0.0024% / 8h	3h 28m	$6.9M	$11.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.459%Rate

Funding earned: −$15.96
Price spread: −0.459% → −0.076%: −$38.2
Slippage, 4 orders: −$51.49
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$127.65
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 23 min ago; KuCoin: live order book, 5 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, 23 min ago	6.52 bp	14.5 bp −$15	113.7 bp −$1,137	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.19 bp	28.1 bp −$28	51.0 bp −$510	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
Nado WLD-PERP	−0.0032%	1h	0.4557	−0.502%	$241K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4560	−0.446%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4576	−0.087%	$50K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4565	−0.328%	$124K	$960K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4568	−0.269%	$66K	—	150x	as long as short
KuCoin WLDUSDTMshort	+0.0024%	8h	0.4559	−0.459%	$6.9M	$11.7M	50x
Aster WLDUSDT	+0.0100%	8h	0.4566	−0.309%	$209K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4562	−0.403%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4559	−0.454%	$86.9M	$329.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4557	−0.502%	$65.0M	$89.6M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4557	−0.502%	$34.5M	$150.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4561	−0.415%	$7.3M	$36.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4556	−0.524%	$41.5M	$54.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4555	−0.546%	$30.1M	$30.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4560	−0.437%	—	$67.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4563	−0.362%	$136K	$303K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4580	−0.007%	$2.2M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4572	−0.166%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4578	−0.040%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4580	long leg	$43K	$238K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4556	−0.515%	$39K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4566	−0.306%	$28K	$867K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4573	−0.153%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4567	−0.284%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	−0.284%	$835K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4566	−0.306%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4556	−0.521%	$217K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4566	−0.306%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4556	−0.532%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	−0.087%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4584	+0.092%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4567	−0.284%	$4.9M	$893K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4566	−0.295%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0296%	1h	0.4565	−0.319%	$327	$55	5x	as long as short
Hyperliquid WLD	+0.0408%	1h	0.4563	−0.365%	$50.2M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0520%	1h	0.4567	−0.280%	$888K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4578	−0.044%	$267K	$1.6M	50x	as long as short
Lighter WLD	+0.0808%	1h	0.4571	−0.197%	$5.2M	$2.6M	10x	as long as short