Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against GRVT−0.045%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$600.595% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.045%, 7d avg +0.063%

Together, before fees+0.090%+ Points / potential airdropGRVT: Active · farm board+$9 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 0.107% cheaper against GRVT than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WLD_USDT_Perp	0.4561	0.0100	pay 0.0100% / 8h	4h 47m	$600K	$1.9M	10x
Short	ApeX Omni WLDUSDT	0.4559	0.0100	get 0.0013% / 1h	47m 31s	$43K	$239K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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 GRVTbpFee ApeX OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.063%: −$10.71
Slippage, 4 orders: −$40.51
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$70.21
Costs to cover: 0.595%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; ApeX Omni: live order book, 9 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 GRVT live order book, 1 min ago	3.29 bp	11.9 bp −$12	35.6 bp −$356	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 9 min ago	8.72 bp	19.9 bp −$20	124.9 bp −$1,249	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	−0.0107%	8h	0.4570	+0.197%	$62K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0079%	1h	0.4565	+0.092%	$242K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0037%	8h	0.4562	+0.021%	$6.9M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4566	+0.103%	$156K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4560	−0.023%	$115K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4563	+0.040%	$66K	—	150x	as long as short
01 Exchange WLDUSD	+0.0008%	1h	0.4572	+0.249%	$327	$80	5x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	−0.066%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0082%	8h	0.4560	−0.023%	$28K	$888K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4569	+0.183%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4564	+0.065%	$189K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4567	+0.131%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4569	+0.171%	$86.7M	$327.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4565	+0.087%	$65.1M	$88.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4564	+0.065%	$34.2M	$148.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4567	+0.131%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4564	+0.065%	$44.5M	$53.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4569	+0.175%	$30.2M	$30.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4567	+0.131%	—	$67.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4563	+0.050%	$135K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4575	+0.300%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4559	−0.044%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perplong	+0.0100%	8h	0.4561	long leg	$600K	$1.9M	10x
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4559	−0.045%	$43K	$239K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4563	+0.054%	$41K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4566	+0.109%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4559	−0.045%	$175	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4551	−0.220%	$833K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4560	−0.023%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4566	+0.104%	$227K	$974K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4544	−0.370%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4559	−0.040%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4594	+0.716%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0170%	1h	0.4570	+0.199%	$50.1M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4557	−0.088%	$4.9M	$845K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4562	+0.028%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0481%	1h	0.4562	+0.019%	$882K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4571	+0.219%	$268K	$1.7M	50x	as long as short