Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: MEXC against ApeX Omni−0.287%81s7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as 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−$390.387% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.287%, 7d avg −0.067%

Together, before fees+0.032%+$3 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: MEXC is 0.221% cheaper against ApeX Omni than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.067%. The two prices were read 81 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	0.4522	0.0100	pay 0.0013% / 1h	34m 05s	$48K	$239K	50x
Short	MEXC WLD_USDT	0.4509	0.0100	get 0.0100% / 8h	1h 34m	$40.4M	$57.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.287%Rate

Funding earned: $0
Price spread: −0.287% → −0.067%: −$22.05
Slippage, 4 orders: −$28.7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$60.76
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 7 min ago; MEXC: 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, 7 min ago	8.82 bp	17.5 bp −$18	99.3 bp −$993	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.11 bp	2.1 bp −$2	5.5 bp −$55	17.6 bp −$1,759	69.7 bp −$34.8K

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
dYdX WLD-USD	0.0000%	1h	0.4511	−0.238%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4507	−0.332%	$55K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4505	−0.376%	$150K	$996K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4505	−0.376%	$65K	—	150x	as long as short
Nado WLD-PERP	+0.0024%	1h	0.4508	−0.299%	$237K	$170K	5x	as long as short
KuCoin WLDUSDTM	+0.0082%	8h	0.4503	−0.420%	$6.7M	$11.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4505	−0.376%	$27K	$786K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4513	−0.206%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4511	−0.243%	$50K	$541K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4511	−0.243%	$86.1M	$340.3M	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	0.4510	−0.265%	$64.4M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4510	−0.265%	$34.0M	$154.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4509	−0.287%	$7.1M	$36.3M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4509	−0.287%	$40.4M	$57.1M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4510	−0.265%	$29.7M	$31.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4508	−0.310%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4509	−0.279%	$134K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4514	−0.183%	$2.0M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4520	−0.034%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4521	−0.019%	$596K	$2.0M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4522	long leg	$48K	$239K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4505	−0.385%	$47K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4511	−0.243%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4505	−0.376%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	−0.243%	$825K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4507	−0.332%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4502	−0.433%	$208K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4506	−0.345%	$31K	$500	3x	as long as short
Lighter WLD	+0.0128%	1h	0.4513	−0.190%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.305%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4505	−0.370%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4510	−0.270%	$323	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4526	+0.091%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4510	−0.271%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4506	−0.354%	$4.8M	$926K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4509	−0.287%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0600%	1h	0.4515	−0.155%	$49.4M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1050%	1h	0.4507	−0.331%	$865K	$2.9M	50x	as long as short