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 −0.002%

Price spread now: Variational Omni against Bybit−0.719%7-day average −0.017% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%$0 on $10k

Price spread, last 7 days+0.700%+$70 · spread now −0.719%, 7d avg −0.017%

Together, before fees+0.696%+ Points / potential airdropVariational Omni: Active · farm board+$70 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 0.702% cheaper against Bybit than usual: you would sell low and buy high, −$70 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLDUSDT	0.4617	0.0100	pay 0.0100% / 8h	7h 41m	$66.3M	$82.6M	50x
Short	Variational Omni WLD	0.4584	0.0100	get 0.0100% / 8h	7h 41m	$2.0M	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.719%Rate

Funding earned: $0
Price spread: −0.719% → −0.017%: −$70.2
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$81.2
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 Bybit live order book, 2 min ago	1.09 bp	10.1 bp −$10	17.8 bp −$178	127.7 bp −$12.8K	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	4.35 bp	doesn't fit	15.2 bp −$152	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	−0.0193%	8h	0.4614	−0.065%	$64K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0034%	1h	0.4614	−0.065%	$278K	$169K	5x	as long as short
KuCoin WLDUSDTM	−0.0010%	8h	0.4616	−0.022%	$7.0M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4619	+0.047%	$165K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4623	+0.133%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4597	−0.433%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0041%	8h	0.4623	+0.130%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4619	+0.045%	$193K	$984K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4614	−0.065%	$54K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4617	0.000%	$87.4M	$303.9M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDTlong	+0.0100%	8h	0.4617	long leg	$66.3M	$82.6M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4616	−0.022%	$34.6M	$144.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4618	+0.022%	$7.5M	$35.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4618	+0.022%	$47.0M	$53.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4618	+0.022%	$30.6M	$26.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4618	+0.022%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4624	+0.156%	$137K	$280K	10x	as long as short
Variational Omni WLDshort	+0.0100%	8h	0.4584	−0.719%	$2.0M	$1.7M	—
edgeX WLDUSDC	+0.0100%	4h	0.4585	−0.702%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4601	−0.356%	$608K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4590	−0.585%	$54K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4618	+0.017%	$49K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4628	+0.238%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4623	+0.130%	$219	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4615	−0.043%	$859K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4619	+0.043%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4615	−0.053%	$234K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4622	+0.115%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4615	−0.048%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4595	−0.487%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4609	−0.173%	$4.9M	$828K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4624	+0.152%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4617	+0.009%	$330	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0326%	1h	0.4626	+0.192%	$911K	$2.7M	50x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0399%	1h	0.4625	+0.173%	$124K	$861K	25x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4628	+0.238%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0734%	1h	0.4626	+0.201%	$51.5M	$43.5M	10x	as long as short
Lighter WLD	+0.0936%	1h	0.4626	+0.195%	$5.2M	$2.0M	10x	as long as short