Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.021%

Price spread now: ApeX Omni against KuCoin−0.602%67s7-day average +0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as 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−$930.929% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 3 days (all we have)+0.751%+$75 · spread now −0.602%, 7d avg +0.079%

Together, before fees+0.845%+$84 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.680% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.602% now, against its 7-day average of +0.079%). If the spread goes back, that is −$68 on $10k: about 20 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.094% in total) that is about 51 days. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4653	−0.0013	get 0.0013% / 8h	7h 36m	$7.1M	$11.1M	50x
Short	ApeX Omni WLDUSDT	0.4625	0.0100	get 0.0013% / 1h	36m 19s	$55K	$229K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.602%Rate

Funding earned: $23.73
Price spread: −0.602% → +0.079%: −$68.03
Slippage, 4 orders: −$70.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$137.23
Costs to cover: 0.929%
Break-even: 47.5 days

Slippage from KuCoin: live order book, 2 min ago; ApeX Omni: live order book, 35 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 KuCoin live order book, 2 min ago	2.16 bp	19.9 bp −$20	51.9 bp −$519	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 35 min ago	8.73 bp	17.7 bp −$18	81.1 bp −$811	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	−0.0183%	8h	0.4654	+0.021%	$44K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0032%	1h	0.4657	+0.086%	$280K	$169K	5x	as long as short
KuCoin WLDUSDTMlong	−0.0013%	8h	0.4653	long leg	$7.1M	$11.1M	50x
dYdX WLD-USD	0.0000%	1h	0.4649	−0.080%	$166K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4660	+0.153%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4597	−1.204%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0042%	8h	0.4662	+0.193%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4656	+0.072%	$194K	$984K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4651	−0.036%	$54K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4661	+0.172%	$88.3M	$304.4M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4660	+0.150%	$67.1M	$82.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4657	+0.086%	$35.0M	$145.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4659	+0.129%	$7.6M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4659	+0.129%	$47.7M	$53.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4662	+0.193%	$31.0M	$26.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4661	+0.172%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4650	−0.060%	$138K	$280K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4660	+0.146%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4627	−0.569%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4630	−0.494%	$612K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4625	−0.602%	$55K	$229K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4659	+0.123%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4669	+0.344%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4662	+0.193%	$221	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4655	+0.043%	$866K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4656	+0.064%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4661	+0.172%	$223K	$859K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4662	+0.190%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4658	+0.103%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4629	−0.514%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4643	−0.215%	$4.9M	$834K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0234% / S −0.1403%	1h	0.4660	+0.155%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4658	+0.112%	$333	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0323%	1h	0.4661	+0.177%	$918K	$2.7M	50x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0394%	1h	0.4664	+0.236%	$134K	$871K	25x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4664	+0.236%	$277K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0744%	1h	0.4666	+0.279%	$51.9M	$43.4M	10x	as long as short
Lighter WLD	+0.0920%	1h	0.4671	+0.389%	$5.3M	$2.0M	10x	as long as short