Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: ApeX Omni against BingX−0.389%68s7-day average +0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as 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−$430.435% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)+0.695%+$70 · spread now −0.389%, 7d avg +0.081%

Together, before fees+0.707%+$71 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: ApeX Omni is 0.470% cheaper against BingX than usual: you would sell low and buy high, −$47 on $10k if it goes back to its 7-day average of +0.081%. The two prices were read 68 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	BingX WLD-USDT	0.4626	0.0100	pay 0.0100% / 8h	56m 21s	—	$67.9M	—
Short	ApeX Omni WLDUSDT	0.4608	0.0100	get 0.0013% / 1h	56m 21s	$55K	$228K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now −0.389%Rate

Funding earned: $0
Price spread: −0.389% → +0.081%: −$46.98
Slippage, 4 orders: −$23.46
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$90.45
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; ApeX Omni: live order book, 20 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 BingX live order book, 8 min ago	1.08 bp	6.1 bp −$6	10.0 bp −$100	18.6 bp −$1,861	91.1 bp −$45.5K
Sell ApeX Omni live order book, 20 min ago	7.66 bp	15.8 bp −$16	99.1 bp −$991	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	−0.0255%	8h	0.4620	−0.130%	$50K	$3.8M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4625	−0.015%	$165K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4626	+0.005%	$58K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0009%	8h	0.4625	−0.022%	$28K	$910K	10x	as long as short
KuCoin WLDUSDTM	+0.0011%	8h	0.4623	−0.065%	$7.1M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0074%	1h	0.4624	−0.043%	$278K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4626	+0.006%	$196K	$999K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4626	−0.001%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4627	+0.013%	$87.7M	$298.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4625	−0.022%	$66.2M	$82.2M	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	0.4623	−0.065%	$34.6M	$143.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4625	−0.022%	$7.5M	$35.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4626	0.000%	$49.8M	$51.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4623	−0.065%	$30.5M	$25.6M	75x	as long as short
BingX WLD-USDTlong	+0.0100%	8h	0.4626	long leg	—	$67.9M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4625	−0.028%	$131K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4603	−0.500%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4607	−0.407%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4612	−0.293%	$620K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4608	−0.389%	$55K	$228K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4627	+0.028%	$42K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4627	+0.022%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4623	−0.065%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4631	+0.108%	$874K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4622	−0.086%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4622	−0.084%	$237K	$860K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4627	+0.011%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4617	−0.203%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4623	−0.057%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0183%	1h	0.4625	−0.022%	$110K	$881K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4621	−0.108%	$4.9M	$823K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0261% / S −0.2221%	1h	0.4626	−0.007%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4629	+0.063%	$331	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.303%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4618	−0.173%	$274K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0592%	1h	0.4632	+0.121%	$50.4M	$43.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0711%	1h	0.4628	+0.043%	$929K	$2.6M	50x	as long as short
Lighter WLD	+0.1448%	1h	0.4637	+0.231%	$5.3M	$2.0M	10x	as long as short