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 −0.025%

Price spread now: Bybit against ApeX Omni−0.385%89s7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as 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−$750.752% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 3 days (all we have)+0.212%+$21 · spread now −0.385%, 7d avg −0.088%

Together, before fees+0.110%+$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: Bybit is 0.297% cheaper against ApeX Omni than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.088%. The two prices were read 89 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	0.4673	0.0100	pay 0.0013% / 1h	29m 58s	$55K	$229K	50x
Short	Bybit WLDUSDT	0.4655	0.0100	get 0.0100% / 8h	7h 29m	$67.1M	$82.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.385%Rate

Funding earned: $0
Price spread: −0.385% → −0.088%: −$29.75
Slippage, 4 orders: −$54.18
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$104.93
Costs to cover: 0.752%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 41 min ago; Bybit: live order book, 4 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, 41 min ago	8.73 bp	39.3 bp −$39	125.7 bp −$1,257	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.07 bp	9.7 bp −$10	19.1 bp −$191	118.4 bp −$11.8K	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	−0.0178%	8h	0.4652	−0.449%	$37K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0022%	1h	0.4654	−0.407%	$279K	$170K	5x	as long as short
Phemex WLDUSDT	−0.0018%	8h	0.4652	−0.449%	$1.9M	$3.7M	50x	as long as short
KuCoin WLDUSDTM	−0.0018%	8h	0.4651	−0.471%	$7.0M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4659	−0.293%	$166K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4653	−0.428%	$133K	$871K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4654	−0.405%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−0.300%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0044%	8h	0.4653	−0.428%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4659	−0.306%	$194K	$961K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4660	−0.274%	$54K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4654	−0.407%	$88.6M	$305.3M	75x	as long as short
Bybit WLDUSDTshort	+0.0100%	8h	0.4655	−0.385%	$67.1M	$82.2M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4654	−0.407%	$35.1M	$145.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4652	−0.449%	$7.6M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4652	−0.449%	$47.9M	$53.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4653	−0.428%	$30.9M	$26.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4655	−0.385%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4654	−0.407%	$138K	$280K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4661	−0.262%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4654	−0.400%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	−0.235%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4673	long leg	$55K	$229K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4656	−0.355%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4664	−0.193%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4651	−0.471%	$220	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4653	−0.428%	$865K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4654	−0.417%	$219K	$863K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4654	−0.407%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4652	−0.454%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4655	−0.387%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4660	−0.278%	$4.9M	$863K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4653	−0.426%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4663	−0.220%	$334	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0324%	1h	0.4655	−0.385%	$914K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4662	−0.235%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0768%	1h	0.4661	−0.257%	$51.9M	$43.5M	10x	as long as short
Lighter WLD	+0.0912%	1h	0.4661	−0.248%	$5.3M	$2.0M	10x	as long as short