Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0577%/8h= −63.1% APRpaid last 24h −0.049%

Price spread now: Variational Omni against Injective+0.467%7-day average −0.203% · you sell dearer than you buy

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

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−1.045%−$105 · spread now +0.467%, 7d avg −0.203%

Together, before fees−1.040%+ Points / potential airdropVariational Omni: Active · farm board−$104 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.669% dearer against Injective than usual: you sell high and buy low (spread +0.467% now, against its 7-day average of −0.203%): +$67 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 3.9 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.005% in total (about 0.5% a year). A funding rate is set anew for every payment. 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	Injective WLD/USDC PERP	0.4636	0.0677	pay 0.0085% / 1h	16m 50s	$6K	$185K	5.5x
Short	Variational Omni WLD	0.4658	0.0100	get 0.0100% / 8h	5h 16m	$2.2M	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee Variational OmnibpOrdersPrice spread, now +0.467%Rate

Funding earned: −$121.1
Price spread: +0.467% → −0.203%: $66.95
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$54.18
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: live order book, 12 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 Injective live order book, 12 min ago	60.88 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	5.37 bp	doesn't fit	18.3 bp −$183	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	−0.0124%	8h	0.4635	−0.022%	$45K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0025%	8h	0.4632	−0.086%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4639	+0.067%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4633	−0.065%	$120K	$920K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4633	−0.068%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0012%	1h	0.4634	−0.043%	$268K	$187K	5x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4638	+0.054%	$332	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0076%	8h	0.4633	−0.065%	$28K	$891K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4634	−0.043%	$174K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4639	+0.061%	$49K	$511K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4640	+0.078%	$88.1M	$326.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4640	+0.086%	$66.3M	$88.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4641	+0.108%	$35.1M	$150.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4634	−0.043%	$7.3M	$37.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4635	−0.022%	$45.7M	$54.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4637	+0.022%	$30.8M	$29.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4635	−0.022%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4638	+0.041%	$134K	$293K	10x	as long as short
Variational Omni WLDshort	+0.0100%	8h	0.4658	+0.467%	$2.2M	$1.7M	—
edgeX WLDUSDC	+0.0100%	4h	0.4652	+0.355%	$28K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4654	+0.388%	$620K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4663	+0.582%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4633	−0.060%	$55K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4639	+0.065%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4632	−0.086%	$177	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4634	−0.043%	$847K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4635	−0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4633	−0.069%	$214K	$929K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4633	−0.065%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4632	−0.082%	—	—	20x	as long as short
Lighter WLD	+0.0168%	1h	0.4645	+0.188%	$5.0M	$2.3M	10x	as long as short
Phoenix WLD	+0.0172%	1h	0.4653	+0.371%	$5K	$57K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4637	+0.022%	$4.9M	$805K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4633	−0.069%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0476%	1h	0.4643	+0.151%	$51.7M	$42.7M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4640	+0.086%	$274K	$1.7M	50x	as long as short
Injective WLD/USDC PERPlong	+0.0677%	1h	0.4636	long leg	$6K	$185K	5.5x
Kraken Futures PF_WLDUSD	+0.0893%	1h	0.4636	+0.001%	$897K	$2.9M	50x	as long as short