Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: BingX against ApeX Omni−0.044%98s7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as 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−$610.614% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now −0.044%, 7d avg −0.065%

Together, before fees−0.112%−$11 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: BingX is 0.021% dearer against ApeX Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.065%. The two prices were read 98 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	ApeX Omni WLDUSDT	0.4531	0.0100	pay 0.0013% / 1h	1m 46s	$48K	$239K	50x
Short	BingX WLD-USDC	0.4529	0.0100	get 0.0100% / 8h	1h 01m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.065%: $2.12
Slippage, 4 orders: −$41.37
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$59.25
Costs to cover: 0.614%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 40 min ago; BingX: live order book, 13 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 ApeX Omni live order book, 40 min ago	8.82 bp	17.5 bp −$18	99.3 bp −$993	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	2.21 bp	11.4 bp −$11	40.0 bp −$400	507.9 bp −$50.8K	815.4 bp −$407.7K

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
Nado WLD-PERP	−0.0021%	1h	0.4530	−0.033%	$236K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4527	−0.086%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4529	−0.044%	$57K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4529	−0.044%	$150K	$954K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4529	−0.048%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4528	−0.066%	$27K	$739K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4528	−0.066%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4528	−0.070%	$49K	$537K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4527	−0.099%	$86.4M	$334.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4526	−0.110%	$64.5M	$89.3M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4525	−0.132%	$34.3M	$151.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4530	−0.022%	$7.1M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4529	−0.044%	$40.1M	$57.7M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4527	−0.088%	$6.6M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4529	−0.044%	$30.0M	$30.9M	75x	as long as short
BingX WLD-USDCshort	+0.0100%	8h	0.4529	−0.044%	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4530	−0.022%	$132K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4535	+0.082%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4530	−0.019%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4531	0.000%	$597K	$2.1M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4531	long leg	$48K	$239K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4528	−0.064%	$46K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4533	+0.044%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4529	−0.044%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4527	−0.088%	$828K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4530	−0.022%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4526	−0.105%	$208K	$945K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4529	−0.044%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.104%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4527	−0.082%	—	—	20x	as long as short
Lighter WLD	+0.0136%	1h	0.4532	+0.022%	$4.9M	$2.9M	10x	as long as short
01 Exchange WLDUSD	+0.0136%	1h	0.4534	+0.060%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4541	+0.232%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4528	−0.065%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4534	+0.066%	$3.8M	$914K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4532	+0.022%	$273K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0492%	1h	0.4534	+0.057%	$50.3M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1045%	1h	0.4531	+0.007%	$876K	$2.8M	50x	as long as short