Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0579%/8h= −63.4% APRnext payment $0.72 per $10,000 · paid last 24h −0.017%
Price spread now: ApeX Omni against Hyperliquid−0.509%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$440.444% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 3 days (all we have)+0.786%+$79 · spread now −0.509%, 7d avg −0.038%
Together, before fees+0.784%+ Points / potential airdropHyperliquid: Season 2 · farm board+$78 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and ApeX Omni is 0.470% cheaper against Hyperliquid than usual: you would sell low and buy high (−$47 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.72 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid WLD0.45610.0679pay 0.0085% / 1h54m 39s$47.7M$41.7M10x
ShortApeX Omni WLDUSDT0.45380.0100get 0.0013% / 1h54m 39s$55K$227K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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

Funding earned
−$121.56
Price spread: −0.509% → −0.038%
−$47.04
Slippage, 4 orders
−$25.39
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$212.99
Costs to cover
0.444%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; ApeX Omni: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 9 min ago0.44 bp7.1 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 27 min ago6.60 bp14.9 bp −$1594.4 bp −$944doesn't fitdoesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXWLDPERP−0.0468%8h0.4551−0.224%$45K$3.8M1.7xas long as short
Injective WLD/USDC PERP−0.0079%1h0.4522−0.859%$6K$185K5.5xas long as short
Orderly PERP_WLD_USDC−0.0012%8h0.4558−0.070%$28K$915K10xas long as short
dYdX WLD-USD0.0000%1h0.4557−0.090%$155K$6K10xas long as short
Deribit WLD_USDC-PERPETUAL0.0000%1h0.4558−0.070%$121K$916K25xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4558−0.063%$57K150xas long as short
KuCoin WLDUSDTM+0.0004%8h0.4554−0.158%$7.0M$10.7M50xas long as short
Variational Omni WLD+0.0035%8h0.4542−0.418%$2.1M$1.6Mas long as short
Nado WLD-PERP+0.0049%1h0.4557−0.092%$273K$169K5xas long as short
Phoenix WLD+0.0052%1h0.4547−0.320%$5K$53K10xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster WLDUSDT+0.0100%8h0.4554−0.154%$213K$973K50xas long as short
Pacifica WLD+0.0100%1h0.4555−0.127%$51K$481K5xas long as short
Binance WLDUSDT+0.0100%8h0.4552−0.208%$85.5M$293.6M75xas long as short
Bybit WLDUSDT+0.0100%8h0.4551−0.224%$64.8M$80.5M50xas long as short
OKX WLD-USDT-SWAP+0.0100%8h0.4550−0.246%$34.0M$138.9M50xas long as short
Gate WLD_USDT+0.0100%8h0.4554−0.158%$7.4M$34.6M75xas long as short
MEXC WLD_USDT+0.0100%8h0.4554−0.158%$59.8M$49.2M300xas long as short
Bitget WLDUSDT+0.0100%8h0.4553−0.180%$30.2M$25.1M75xas long as short
BingX WLD-USDT+0.0100%8h0.4554−0.158%$68.2Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4558−0.061%$129K$270K10xas long as short
edgeX WLDUSDC+0.0100%4h0.4519−0.931%$27K$314K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4545−0.355%$609K$1.9M10xas long as short
ApeX Omni WLDUSDTshort+0.0100%1h0.4538−0.509%$55K$227K50x
Polymarket Perps WLD-USD+0.0100%1h0.4560−0.033%$48K$1.7M10xas long as short
SunX WLD-USDT+0.0100%8h0.4564+0.061%$23K$1.5M50xas long as short
SoDEX WLD-USD+0.0100%1h0.4557−0.092%$199$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4558−0.070%$860K$1.8M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4558−0.070%$1.8M$3.8M50xas long as short
Extended WLD-USD+0.0104%1h0.4552−0.196%$133K$745K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4558−0.070%$31K$5K3xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4557−0.099%20xas long as short
Kraken Futures PF_WLDUSD+0.0187%1h0.4563+0.048%$926K$2.6M50xas long as short
BloFin WLD-USDT+0.0220%8h0.4557−0.092%$4.8M$817K75xas long as short
01 Exchange WLDUSD+0.0240%1h0.4555−0.129%$326$775xas long as short
GMX WLD/USD [ETH-USDC]L +0.0250% / S −0.2105%1h0.4557−0.091%$9K100xas long as short
Coinbase International WLD-PERP-INTX+0.0424%1h0.4531−0.662%$277K$1.6M50xas long as short
Hyperliquid WLDlong+0.0679%1h0.4561long leg$47.7M$41.7M10x
Lighter WLD+0.0784%1h0.4565+0.072%$5.2M$2.0M10xas long as short