Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%

Price spread now: ApeX Omni against Variational Omni−0.962%103s7-day average +0.053% · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 3 days (all we have)+0.992%+$99 · spread now −0.962%, 7d avg +0.053%

Together, before fees+1.029%+ Points / potential airdropVariational Omni: Active · farm board+$103 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 1.015% cheaper against Variational Omni than usual: you would sell low and buy high, −$102 on $10k if it goes back to its 7-day average of +0.053%. The two prices were read 103 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	Variational Omni WLD	0.4758	0.0100	pay 0.0100% / 8h	7h 15m	$2.1M	$1.7M	—
Short	ApeX Omni WLDUSDT	0.4712	0.0100	get 0.0013% / 1h	15m 47s	$57K	$231K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.962%Rate

Funding earned: $0
Price spread: −0.962% → +0.053%: −$101.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$111.51
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; ApeX Omni: live order book, 55 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 Variational Omni RFQ quote, 3 min ago	5.30 bp	doesn't fit	22.3 bp −$223	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 55 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
Phemex WLDUSDT	−0.0224%	8h	0.4759	+0.026%	$1.9M	$3.7M	50x	as long as short
Kalshi KXWLDPERP	−0.0165%	8h	0.4755	−0.058%	$30K	$4.0M	1.7x	as long as short
Nado WLD-PERP	−0.0032%	1h	0.4758	+0.015%	$278K	$177K	5x	as long as short
KuCoin WLDUSDTM	−0.0015%	8h	0.4756	−0.037%	$7.1M	$11.2M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4752	−0.127%	$170K	$12K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0002%	1h	0.4756	−0.036%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4744	−0.289%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0049%	8h	0.4758	+0.005%	$29K	$902K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4757	−0.007%	$212K	$974K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4753	−0.092%	$56K	$482K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4762	+0.082%	$91.1M	$309.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4760	+0.047%	$69.0M	$83.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4761	+0.068%	$36.2M	$151.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4760	+0.047%	$7.7M	$36.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4765	+0.152%	$49.8M	$54.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4764	+0.131%	$31.9M	$27.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4760	+0.047%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4760	+0.039%	$141K	$277K	10x	as long as short
Variational Omni WLDlong	+0.0100%	8h	0.4758	long leg	$2.1M	$1.7M	—
edgeX WLDUSDC	+0.0100%	4h	0.4710	−1.002%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4720	−0.795%	$623K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4712	−0.962%	$57K	$231K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4758	+0.011%	$47K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4764	+0.131%	$24K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4761	+0.068%	$233	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4751	−0.142%	$881K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4765	+0.151%	$219K	$894K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4760	+0.053%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4754	−0.084%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4717	−0.853%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4745	−0.268%	$5.0M	$881K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0240% / S −0.1538%	1h	0.4755	−0.065%	$7K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4760	+0.039%	$341	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0316%	1h	0.4765	+0.154%	$944K	$2.7M	50x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0380%	1h	0.4762	+0.089%	$136K	$863K	25x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4759	+0.026%	$278K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0871%	1h	0.4772	+0.308%	$53.5M	$44.0M	10x	as long as short
Lighter WLD	+0.1016%	1h	0.4771	+0.282%	$5.4M	$2.0M	10x	as long as short