Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.026%

Price spread now: ApeX Omni against Orderly+0.650%7-day average +0.042% · you sell dearer than you buy

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

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$14 on $10k

Price spread, last 4 days (all we have)−1.269%−$127 · spread now +0.650%, 7d avg +0.042%

Together, before fees−1.124%−$112 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 0.608% dearer against Orderly than usual: you sell high and buy low: +$61 more if the spread goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WLD_USDC	0.4616	0.0072	pay 0.0072% / 8h	5h 38m	$28K	$893K	10x
Short	ApeX Omni WLDUSDT	0.4646	0.0100	get 0.0013% / 1h	38m 37s	$51K	$236K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now +0.650%Rate

Funding earned: $5.93
Price spread: +0.650% → +0.042%: $60.78
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $50.7
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 23 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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 23 min ago	6.43 bp	15.5 bp −$15	101.0 bp −$1,010	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0138%	8h	0.4630	+0.303%	$58K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0039%	8h	0.4621	+0.108%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4619	+0.068%	$164K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4617	+0.022%	$119K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4616	−0.004%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0046%	1h	0.4617	+0.022%	$267K	$187K	5x	as long as short
Orderly PERP_WLD_USDClong	+0.0072%	8h	0.4616	long leg	$28K	$893K	10x
Aster WLDUSDT	+0.0100%	8h	0.4622	+0.123%	$176K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4622	+0.138%	$48K	$511K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4617	+0.018%	$87.7M	$324.8M	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	0.4615	−0.022%	$65.9M	$87.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4614	−0.043%	$34.9M	$148.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4619	+0.065%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4623	+0.152%	$45.5M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4619	+0.065%	$30.6M	$29.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4619	+0.065%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4616	+0.002%	$137K	$288K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4632	+0.338%	$2.1M	$1.8M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4631	+0.320%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4659	+0.923%	$617K	$1.8M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4646	+0.650%	$51K	$236K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4619	+0.069%	$54K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4620	+0.087%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4614	−0.043%	$289	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4615	−0.022%	$843K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4616	0.000%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4618	+0.037%	$213K	$927K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4616	0.000%	$31K	$600	3x	as long as short
01 Exchange WLDUSD	+0.0112%	1h	0.4619	+0.061%	$330	$80	5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4619	+0.059%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4639	+0.507%	$5K	$57K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4613	−0.065%	$5.0M	$800K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4615	−0.031%	$5K	—	100x	as long as short
Lighter WLD	+0.0288%	1h	0.4629	+0.279%	$5.0M	$2.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4640	+0.520%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0508%	1h	0.4629	+0.288%	$51.5M	$42.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4650	+0.737%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0897%	1h	0.4617	+0.022%	$899K	$2.9M	50x	as long as short