Funding you earn now, next payment 21:00 UTC−0.0300%/8h= −32.8% APRnext payment −$0.37 per $10,000 · paid last 24h −0.035%
Price spread now: ApeX Omni against Coinbase International−0.241%75s7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as 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−$710.709% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 3 days (all we have)+0.003%$0 · spread now −0.241%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and ApeX Omni is 0.232% cheaper against Coinbase International than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.009%). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.008% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International WLD-PERP-INTX | 0.4564 | 0.0400 | pay 0.0050% / 1h | 29m 58s | $280K | $1.6M | 50x |
| Short | ApeX Omni WLDUSDT | 0.4553 | 0.0100 | get 0.0013% / 1h | 29m 58s | $55K | $226K | 50x |
Coinbase International WLD-PERP-INTX
ApeX Omni WLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$63
- Price spread: −0.241% → −0.009%
- −$23.21
- Slippage, 4 orders
- −$50.87
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$157.08
- Costs to cover
- 0.709%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; ApeX Omni: live order book, 56 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 Coinbase International live order book, 4 min ago | 5.49 bp | 22.4 bp −$22 | 36.0 bp −$360 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 56 min ago | 7.62 bp | 15.4 bp −$15 | 109.0 bp −$1,090 | 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 | −0.0493% | 8h | 0.4556 | −0.175% | $44K | $3.8M | 1.7x | as long as short |
| Orderly PERP_WLD_USDC | −0.0024% | 8h | 0.4559 | −0.110% | $28K | $917K | 10x | as long as short |
| Variational Omni WLD | −0.0021% | 8h | 0.4554 | −0.213% | $2.1M | $1.6M | — | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4563 | −0.027% | $156K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4559 | −0.110% | $129K | $901K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4560 | −0.098% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0015% | 8h | 0.4558 | −0.131% | $7.0M | $10.7M | 50x | as long as short |
| Nado WLD-PERP | +0.0042% | 1h | 0.4557 | −0.142% | $272K | $168K | 5x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4552 | −0.270% | $5K | $52K | 10x | as long as short |
| OKX WLD-USDT-SWAP | +0.0064% | 8h | 0.4559 | −0.110% | $34.1M | $138.3M | 50x | as long as short |
Kalshi KXWLDPERP
Orderly PERP_WLD_USDC
Variational Omni WLD
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Nado WLD-PERP
Phoenix WLD
OKX WLD-USDT-SWAPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid WLD | +0.0100% | 1h | 0.4567 | +0.059% | $47.2M | $40.7M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4563 | −0.029% | $216K | $981K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4561 | −0.066% | $51K | $482K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4560 | −0.083% | $85.9M | $292.0M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4559 | −0.110% | $65.2M | $80.1M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4560 | −0.088% | $7.5M | $34.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4561 | −0.066% | $53.1M | $47.1M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4561 | −0.066% | $30.2M | $25.2M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4560 | −0.088% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4562 | −0.048% | $129K | $275K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4552 | −0.263% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4547 | −0.369% | $614K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDTshort | +0.0100% | 1h | 0.4553 | −0.241% | $55K | $226K | 50x | |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4558 | −0.123% | $54K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4564 | 0.000% | $22K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4558 | −0.131% | $197 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4558 | −0.131% | $860K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4558 | −0.131% | $1.8M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4560 | −0.078% | $133K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4559 | −0.099% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4557 | −0.146% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0217% / S −0.0307% | 1h | 0.4559 | −0.117% | $12K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4556 | −0.175% | $4.9M | $804K | 75x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4622 | +1.271% | $6K | $139K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTXlong | +0.0400% | 1h | 0.4564 | long leg | $280K | $1.6M | 50x | |
| 01 Exchange WLDUSD | +0.0424% | 1h | 0.4563 | −0.020% | $326 | $77 | 5x | as long as short |
| Lighter WLD | +0.1032% | 1h | 0.4568 | +0.090% | $5.1M | $2.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1094% | 1h | 0.4560 | −0.085% | $923K | $2.6M | 50x | as long as short |
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
edgeX WLDUSDC
GRVT WLD_USDT_Perp
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Injective WLD/USDC PERP
01 Exchange WLDUSD
Lighter WLD
Kraken Futures PF_WLDUSD