Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Phemex+0.152%77s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as 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−$1191.194% of the position

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.383%−$38 · spread now +0.152%, 7d avg +0.033%

Together, before fees−0.386%−$39 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 0.119% dearer against Phemex than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.033%. The two prices were read 77 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	Phemex WLDUSDT	0.4620	0.0100	pay 0.0100% / 8h	49m 34s	$1.8M	$3.7M	50x
Short	ApeX Omni WLDUSDT	0.4627	0.0100	get 0.0013% / 1h	49m 34s	$56K	$228K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now +0.152%Rate

Funding earned: $0
Price spread: +0.152% → +0.033%: $11.9
Slippage, 4 orders: −$97.39
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$107.5
Costs to cover: 1.194%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; ApeX Omni: live order book, 27 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 Phemex live order book, 4 min ago	8.64 bp	41.9 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 27 min ago	7.66 bp	15.8 bp −$16	99.1 bp −$991	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	−0.0239%	8h	0.4620	0.000%	$42K	$3.8M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4627	+0.148%	$165K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4623	+0.065%	$109K	$881K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4623	+0.068%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0011%	8h	0.4623	+0.065%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTM	+0.0017%	8h	0.4627	+0.152%	$7.1M	$10.9M	50x	as long as short
Nado WLD-PERP	+0.0075%	1h	0.4627	+0.162%	$279K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4627	+0.161%	$196K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4630	+0.216%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4630	+0.216%	$87.8M	$298.8M	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	0.4629	+0.195%	$66.3M	$82.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4631	+0.238%	$34.5M	$143.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4628	+0.173%	$7.5M	$35.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4629	+0.195%	$50.4M	$51.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4629	+0.195%	$30.6M	$25.7M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4630	+0.216%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4622	+0.048%	$130K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4627	+0.150%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4630	+0.212%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4636	+0.346%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4627	+0.152%	$56K	$228K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4631	+0.245%	$43K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4628	+0.173%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4621	+0.022%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	+0.087%	$873K	$1.8M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4620	long leg	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4631	+0.230%	$237K	$859K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4625	+0.108%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4632	+0.271%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4625	+0.106%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4639	+0.411%	$4.9M	$831K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0261% / S −0.2221%	1h	0.4623	+0.073%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0296%	1h	0.4634	+0.312%	$332	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.173%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4630	+0.216%	$275K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0646%	1h	0.4636	+0.355%	$50.5M	$42.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0711%	1h	0.4623	+0.057%	$920K	$2.6M	50x	as long as short
Lighter WLD	+0.1736%	1h	0.4642	+0.483%	$5.3M	$2.0M	10x	as long as short