Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.022%

Price spread now: Variational Omni against BingX+0.062%7-day average −0.028% · you sell dearer than you buy

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.031%−$3 on $10k

Price spread, last 7 days−0.092%−$9 · spread now +0.062%, 7d avg −0.028%

Together, before fees−0.122%+ Points / potential airdropVariational Omni: Active · farm board−$12 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: Variational Omni is 0.089% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLD-USDT	0.4485	0.0100	pay 0.0100% / 8h	2h 40m	—	$68.2M	—
Short	Variational Omni WLD	0.4488	0.0100	get 0.0100% / 8h	2h 40m	$2.0M	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → −0.028%: $8.93
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.07
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 min ago; Variational Omni: RFQ quote, 3 min ago. 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 BingX live order book, 8 min ago	2.22 bp	8.0 bp −$8	12.2 bp −$122	23.1 bp −$2,306	103.1 bp −$51.6K
Sell Variational Omni RFQ quote, 3 min ago	5.56 bp	doesn't fit	16.7 bp −$167	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	−0.0049%	1h	0.4488	+0.067%	$241K	$208K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4484	−0.016%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4493	+0.178%	$73K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4490	+0.111%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4489	+0.085%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0045%	8h	0.4482	−0.067%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0053%	1h	0.4487	+0.051%	$45K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4494	+0.196%	$321	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4489	+0.089%	$28K	$834K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4486	+0.023%	$224K	$1.1M	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	0.4484	−0.027%	$50K	$541K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4482	−0.064%	$85.3M	$338.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4478	−0.156%	$63.7M	$91.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4478	−0.156%	$33.9M	$152.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4485	0.000%	$7.2M	$36.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4484	−0.022%	$38.4M	$55.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4485	0.000%	$29.5M	$31.0M	75x	as long as short
BingX WLD-USDTlong	+0.0100%	8h	0.4485	long leg	—	$68.2M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4487	+0.051%	$133K	$307K	10x	as long as short
Variational Omni WLDshort	+0.0100%	8h	0.4488	+0.062%	$2.0M	$1.7M	—
edgeX WLDUSDC	+0.0100%	4h	0.4497	+0.272%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4505	+0.443%	$602K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4498	+0.290%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4496	+0.245%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4489	+0.089%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4492	+0.156%	$822K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4490	+0.111%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4482	−0.072%	$220K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4491	+0.124%	$30K	$600	3x	as long as short
Lighter WLD	+0.0128%	1h	0.4487	+0.054%	$4.9M	$2.9M	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4489	+0.085%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4506	+0.457%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	+0.758%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4489	+0.093%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4488	+0.067%	$3.8M	$923K	75x	as long as short
Hyperliquid WLD	+0.0312%	1h	0.4491	+0.143%	$48.7M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0505%	1h	0.4492	+0.151%	$857K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4492	+0.156%	$274K	$1.7M	50x	as long as short