Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.022%

Price spread now: ApeX Omni against BloFin−0.022%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$610.614% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 4 days (all we have)−0.621%−$62 · spread now −0.022%, 7d avg +0.018%

Together, before fees−0.767%−$77 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.039% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLD-USDT	0.4622	0.0220	pay 0.0220% / 8h	5h 36m	$5.0M	$801K	75x
Short	ApeX Omni WLDUSDT	0.4621	0.0100	get 0.0013% / 1h	36m 39s	$51K	$236K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.022%Rate

Funding earned: −$25.2
Price spread: −0.022% → +0.018%: −$3.92
Slippage, 4 orders: −$39.43
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$90.55
Costs to cover: 0.614%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; ApeX Omni: live order book, 25 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 BloFin live order book, 5 min ago	2.16 bp	13.4 bp −$13	16.2 bp −$162	31.8 bp −$3,179	122.7 bp −$61.4K
Sell ApeX Omni live order book, 25 min ago	6.43 bp	15.5 bp −$15	101.0 bp −$1,010	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	−0.0137%	8h	0.4625	+0.065%	$58K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0037%	8h	0.4617	−0.108%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4622	+0.002%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4619	−0.065%	$119K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0002%	1h	0.4623	+0.016%	$58K	—	150x	as long as short
Nado WLD-PERP	+0.0043%	1h	0.4627	+0.108%	$268K	$187K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0072%	8h	0.4618	−0.087%	$28K	$893K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4621	−0.023%	$176K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4622	+0.008%	$48K	$511K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4623	+0.022%	$87.8M	$324.7M	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	0.4621	−0.022%	$66.0M	$87.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4619	−0.065%	$34.9M	$148.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4621	−0.022%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4623	+0.022%	$45.5M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4623	+0.022%	$30.6M	$29.4M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4621	−0.022%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4623	+0.030%	$138K	$288K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4632	+0.208%	$2.1M	$1.8M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4631	+0.189%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4621	−0.022%	$607K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4621	−0.022%	$51K	$236K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4629	+0.154%	$54K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4627	+0.108%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4619	−0.065%	$292	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	+0.043%	$844K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4625	+0.065%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4621	−0.017%	$213K	$927K	10x	as long as short
01 Exchange WLDUSD	+0.0104%	1h	0.4622	0.000%	$331	$80	5x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4619	−0.073%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4622	−0.006%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4639	+0.376%	$5K	$57K	10x	as long as short
BloFin WLD-USDTlong	+0.0220%	8h	0.4622	long leg	$5.0M	$801K	75x
Lighter WLD	+0.0224%	1h	0.4627	+0.113%	$5.0M	$2.3M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4623	+0.015%	$5K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4628	+0.130%	$275K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0499%	1h	0.4625	+0.054%	$51.5M	$42.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4616	−0.130%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0896%	1h	0.4621	−0.022%	$899K	$2.9M	50x	as long as short