Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.022%

Price spread now: Bitget against Variational Omni+0.351%7-day average +0.004% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 7 days−0.336%−$34 · spread now +0.351%, 7d avg +0.004%

Together, before fees−0.320%+ Points / potential airdropVariational Omni: Active · farm board−$32 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: Bitget is 0.347% dearer against Variational Omni than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WLD	0.4593	0.0100	pay 0.0100% / 8h	1h 01m	$2.1M	$1.6M	—
Short	Bitget WLDUSDT	0.4609	0.0100	get 0.0100% / 8h	1h 01m	$30.5M	$25.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.351%Rate

Funding earned: $0
Price spread: +0.351% → +0.004%: $34.74
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $22.74
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bitget: live order book, 3 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	4.34 bp	doesn't fit	17.4 bp −$174	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.09 bp	13.0 bp −$13	27.0 bp −$270	52.3 bp −$5,234	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	−0.0263%	8h	0.4604	+0.242%	$56K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	−0.324%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4605	+0.261%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4605	+0.264%	$109K	$883K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4605	+0.268%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0007%	8h	0.4604	+0.242%	$28K	$911K	10x	as long as short
KuCoin WLDUSDTM	+0.0010%	8h	0.4609	+0.351%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0049%	1h	0.4606	+0.275%	$277K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4606	+0.286%	$195K	$999K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4607	+0.297%	$53K	$481K	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	0.4605	+0.267%	$87.3M	$297.7M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4611	+0.395%	$66.0M	$82.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4609	+0.351%	$34.4M	$142.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4604	+0.242%	$7.5M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4610	+0.373%	$49.5M	$52.4M	300x	as long as short
Bitget WLDUSDTshort	+0.0100%	8h	0.4609	+0.351%	$30.5M	$25.6M	75x
BingX WLD-USDC	+0.0100%	8h	0.4609	+0.351%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4610	+0.379%	$130K	$269K	10x	as long as short
Variational Omni WLDlong	+0.0100%	8h	0.4593	long leg	$2.1M	$1.6M	—
edgeX WLDUSDC	+0.0100%	4h	0.4606	+0.279%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4606	+0.286%	$619K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4604	+0.242%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4606	+0.294%	$41K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4612	+0.416%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4604	+0.242%	$202	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4599	+0.133%	$868K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4601	+0.177%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4602	+0.200%	$238K	$858K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4611	+0.399%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4608	+0.340%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4602	+0.196%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0185%	1h	0.4606	+0.292%	$919K	$2.7M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4608	+0.329%	$4.9M	$821K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4611	+0.386%	$330	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4604	+0.242%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4613	+0.438%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0666%	1h	0.4610	+0.366%	$50.1M	$43.0M	10x	as long as short
Lighter WLD	+0.1072%	1h	0.4615	+0.479%	$5.2M	$2.1M	10x	as long as short