Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.015%

Price spread now: ApeX Omni against OKX+0.616%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs+$6as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 3 days (all we have)−0.184%−$18 · spread now +0.616%, 7d avg +0.098%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.518% dearer against OKX than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4544	0.0071	pay 0.0071% / 8h	2h 22m	$34.0M	$138.2M	50x
Short	ApeX Omni WLDUSDT	0.4572	0.0100	get 0.0013% / 1h	22m 55s	$55K	$227K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.616%Rate

Funding earned: $6.11
Price spread: +0.616% → +0.098%: $51.82
Slippage, 4 orders: −$25.73
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $12.2
Costs to cover: 0.457%
Break-even: from the start

Slippage from OKX: live order book, 1 min ago; ApeX Omni: live order book, 63 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 OKX live order book, 1 min ago	1.10 bp	8.0 bp −$8	20.8 bp −$208	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 63 min ago	7.62 bp	15.4 bp −$15	109.0 bp −$1,090	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	−0.0438%	8h	0.4560	+0.352%	$44K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0023%	8h	0.4552	+0.176%	$28K	$917K	10x	as long as short
Variational Omni WLD	−0.0017%	8h	0.4577	+0.734%	$2.1M	$1.6M	—	as long as short
dYdX WLD-USD	0.0000%	1h	0.4561	+0.383%	$156K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4552	+0.176%	$128K	$903K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4552	+0.186%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0007%	8h	0.4536	−0.176%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0035%	1h	0.4556	+0.275%	$272K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4563	+0.418%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAPlong	+0.0071%	8h	0.4544	long leg	$34.0M	$138.2M	50x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLD	+0.0100%	1h	0.4554	+0.224%	$46.7M	$41.1M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4552	+0.167%	$215K	$981K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4560	+0.352%	$51K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4546	+0.044%	$85.4M	$292.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4545	+0.022%	$64.9M	$80.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4545	+0.022%	$7.4M	$34.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4546	+0.044%	$53.6M	$47.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4543	−0.022%	$30.1M	$25.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4545	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4550	+0.125%	$129K	$272K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4569	+0.557%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4575	+0.681%	$613K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4572	+0.616%	$55K	$227K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4557	+0.290%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4565	+0.462%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4550	+0.132%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	+0.308%	$860K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4550	+0.132%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4544	−0.002%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4552	+0.187%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4557	+0.293%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4552	+0.180%	$12K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4549	+0.110%	$4.9M	$809K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.717%	$6K	$139K	5.5x	as long as short
01 Exchange WLDUSD	+0.0384%	1h	0.4562	+0.401%	$326	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4578	+0.748%	$280K	$1.6M	50x	as long as short
Lighter WLD	+0.1000%	1h	0.4560	+0.348%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1095%	1h	0.4554	+0.213%	$922K	$2.6M	50x	as long as short