Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against ApeX Omni+0.195%77s7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as 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−$1211.213% of the position

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.329%+$33 · spread now +0.195%, 7d avg −0.036%

Together, before fees+0.331%+$33 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: Phemex is 0.231% dearer against ApeX Omni than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.036%. The two prices were read 77 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	0.4623	0.0100	pay 0.0013% / 1h	34m 21s	$51K	$236K	50x
Short	Phemex WLDUSDT	0.4632	0.0100	get 0.0100% / 8h	5h 34m	$1.8M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.195%Rate

Funding earned: $0
Price spread: +0.195% → −0.036%: $23.06
Slippage, 4 orders: −$99.33
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$98.27
Costs to cover: 1.213%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 27 min ago; Phemex: live order book, 4 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, 27 min ago	6.43 bp	17.9 bp −$18	102.7 bp −$1,027	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	10.84 bp	42.3 bp −$42	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
Kalshi KXWLDPERP	−0.0134%	8h	0.4621	−0.043%	$57K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0042%	8h	0.4624	+0.022%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4621	−0.051%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4630	+0.151%	$119K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4628	+0.108%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0028%	1h	0.4625	+0.054%	$268K	$187K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0073%	8h	0.4630	+0.151%	$28K	$893K	10x	as long as short
Gate WLD_USDT	+0.0094%	8h	0.4628	+0.108%	$7.2M	$36.8M	75x	as long as short
01 Exchange WLDUSD	+0.0096%	1h	0.4622	−0.011%	$331	$80	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4624	+0.012%	$174K	$1.0M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4621	−0.045%	$48K	$511K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4630	+0.151%	$87.9M	$324.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4630	+0.151%	$66.1M	$87.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4628	+0.108%	$34.9M	$148.9M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4628	+0.108%	$45.7M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4629	+0.130%	$30.6M	$29.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4628	+0.108%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4640	+0.363%	$137K	$290K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4633	+0.208%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4621	−0.053%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4619	−0.087%	$607K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4623	long leg	$51K	$236K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4629	+0.141%	$54K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4633	+0.216%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4631	+0.173%	$295	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4626	+0.065%	$845K	$1.9M	50x	as long as short
Phemex WLDUSDTshort	+0.0100%	8h	0.4632	+0.195%	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4629	+0.124%	$213K	$927K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4630	+0.145%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4626	+0.069%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4625	+0.035%	$5K	$57K	10x	as long as short
Lighter WLD	+0.0216%	1h	0.4636	+0.281%	$5.0M	$2.3M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4638	+0.324%	$5.0M	$804K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4627	+0.078%	$5K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4624	+0.022%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0491%	1h	0.4635	+0.251%	$51.6M	$42.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4616	−0.151%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0894%	1h	0.4633	+0.215%	$900K	$2.9M	50x	as long as short