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 −0.016%

Price spread now: MEXC against ApeX Omni−0.734%96s7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as 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−$350.348% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 3 days (all we have)+0.560%+$56 · spread now −0.734%, 7d avg −0.070%

Together, before fees+0.433%+$43 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: MEXC is 0.664% cheaper against ApeX Omni than usual: you would sell low and buy high, −$66 on $10k if it goes back to its 7-day average of −0.070%. The two prices were read 96 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	0.4631	0.0100	pay 0.0013% / 1h	41m 48s	$55K	$228K	50x
Short	MEXC WLD_USDT	0.4597	0.0100	get 0.0100% / 8h	41m 48s	$46.5M	$52.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.734%Rate

Funding earned: $0
Price spread: −0.734% → −0.070%: −$66.44
Slippage, 4 orders: −$24.79
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$101.23
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 34 min ago; MEXC: live order book, 2 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, 34 min ago	7.66 bp	15.5 bp −$15	97.7 bp −$977	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.08 bp	1.8 bp −$2	5.3 bp −$53	16.4 bp −$1,644	63.2 bp −$31.6K

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	−0.0228%	8h	0.4606	−0.540%	$48K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4598	−0.704%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4597	−0.734%	$112K	$883K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4598	−0.708%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0017%	8h	0.4595	−0.777%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTM	+0.0018%	8h	0.4597	−0.734%	$7.0M	$10.9M	50x	as long as short
Nado WLD-PERP	+0.0071%	1h	0.4597	−0.723%	$277K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4597	−0.733%	$190K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4599	−0.683%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4600	−0.678%	$87.1M	$300.3M	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	0.4598	−0.713%	$65.9M	$82.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4599	−0.691%	$34.3M	$143.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4595	−0.777%	$7.5M	$35.4M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4597	−0.734%	$46.5M	$52.4M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4595	−0.777%	$30.3M	$25.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4595	−0.777%	—	$67.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4598	−0.704%	$129K	$270K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4646	+0.322%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4634	+0.070%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4625	−0.130%	$624K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4631	long leg	$55K	$228K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4600	−0.663%	$44K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4601	−0.648%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4596	−0.756%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4594	−0.799%	$856K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4598	−0.713%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4595	−0.784%	$236K	$843K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4597	−0.745%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4654	+0.488%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4595	−0.779%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4612	−0.410%	$4.9M	$829K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4597	−0.731%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4602	−0.624%	$329	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.410%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4600	−0.669%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0632%	1h	0.4602	−0.637%	$50.0M	$43.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0715%	1h	0.4600	−0.664%	$915K	$2.6M	50x	as long as short
Lighter WLD	+0.1640%	1h	0.4612	−0.419%	$5.2M	$2.0M	10x	as long as short