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 +0.014%

Price spread now: ApeX Omni against MEXC−0.306%66s7-day average +0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as 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−$420.422% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.675%+$67 · spread now −0.306%, 7d avg +0.072%

Together, before fees+0.781%+$78 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 0.378% cheaper against MEXC than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of +0.072%. The two prices were read 66 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	MEXC WLD_USDT	0.4580	0.0100	pay 0.0100% / 8h	4h 44m	$44.4M	$53.8M	300x
Short	ApeX Omni WLDUSDT	0.4566	0.0100	get 0.0013% / 1h	44m 22s	$43K	$239K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.306%Rate

Funding earned: $0
Price spread: −0.306% → +0.072%: −$37.78
Slippage, 4 orders: −$32.19
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$79.97
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; ApeX Omni: live order book, 12 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 MEXC live order book, 5 min ago	2.19 bp	2.2 bp −$2	6.5 bp −$65	25.9 bp −$2,585	83.4 bp −$41.7K
Sell ApeX Omni live order book, 12 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	−0.0106%	8h	0.4564	−0.349%	$62K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0073%	1h	0.4580	0.000%	$243K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0035%	8h	0.4577	−0.066%	$7.0M	$11.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4568	−0.270%	$156K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4563	−0.371%	$115K	$924K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4572	−0.179%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	−0.480%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0032%	1h	0.4581	+0.020%	$328	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0084%	8h	0.4571	−0.197%	$28K	$888K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4578	−0.052%	$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	0.4573	−0.155%	$190K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4571	−0.186%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4575	−0.113%	$86.7M	$327.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4570	−0.218%	$65.2M	$88.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4571	−0.197%	$34.4M	$149.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4576	−0.087%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4580	long leg	$44.4M	$53.8M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4571	−0.197%	$30.2M	$30.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4571	−0.197%	—	$67.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4563	−0.371%	$135K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4562	−0.401%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4564	−0.347%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4561	−0.414%	$600K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4566	−0.306%	$43K	$239K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4578	−0.039%	$51K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4571	−0.197%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4562	−0.393%	$172	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4570	−0.218%	$836K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4564	−0.349%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4575	−0.113%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4570	−0.214%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4579	−0.029%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4569	−0.231%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0196%	1h	0.4585	+0.114%	$50.3M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4564	−0.349%	$4.9M	$845K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4573	−0.150%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0481%	1h	0.4564	−0.340%	$883K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4573	−0.153%	$268K	$1.7M	50x	as long as short