Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h −0.026%

Price spread now: Orderly against ApeX Omni−0.415%70s7-day average −0.041% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$14 on $10k

Price spread, last 4 days (all we have)+0.795%+$80 · spread now −0.415%, 7d avg −0.041%

Together, before fees+0.651%+$65 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.374% cheaper against ApeX Omni than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.041%). Swap the legs. The two prices were read 70 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	0.4579	0.0100	pay 0.0013% / 1h	47m 58s	$43K	$239K	50x
Short	Orderly PERP_WLD_USDC	0.4560	0.0082	get 0.0082% / 8h	4h 47m	$28K	$888K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.415%Rate

Funding earned: −$3.73
Price spread: −0.415% → −0.041%: −$37.41
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$57.14
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 8 min ago; Orderly: no order-book sample. Net counts fees only.

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, 8 min ago	8.72 bp	16.3 bp −$16	101.2 bp −$1,012	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0107%	8h	0.4570	−0.197%	$62K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0080%	1h	0.4564	−0.317%	$242K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0037%	8h	0.4562	−0.371%	$6.9M	$11.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4559	−0.433%	$155K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4560	−0.415%	$115K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4563	−0.353%	$66K	—	150x	as long as short
01 Exchange WLDUSD	+0.0008%	1h	0.4565	−0.306%	$327	$80	5x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	−0.459%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDCshort	+0.0082%	8h	0.4560	−0.415%	$28K	$888K	10x
Lighter WLD	+0.0096%	1h	0.4565	−0.308%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4564	−0.328%	$189K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4561	−0.396%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4564	−0.333%	$86.6M	$327.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4562	−0.371%	$65.0M	$88.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4567	−0.262%	$34.2M	$148.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4563	−0.349%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4565	−0.306%	$44.5M	$53.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4565	−0.306%	$30.2M	$30.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4564	−0.328%	—	$67.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4563	−0.343%	$135K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4575	−0.094%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4588	+0.205%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4586	+0.153%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4579	long leg	$43K	$239K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4563	−0.339%	$41K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4566	−0.284%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4559	−0.437%	$175	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4551	−0.611%	$833K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4560	−0.415%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4564	−0.322%	$227K	$974K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4544	−0.761%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4559	−0.432%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4594	+0.321%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0166%	1h	0.4568	−0.249%	$50.1M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4557	−0.480%	$4.9M	$845K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4562	−0.365%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0481%	1h	0.4562	−0.373%	$882K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4571	−0.175%	$268K	$1.7M	50x	as long as short