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 −0.011%

Price spread now: OKX against ApeX Omni−0.220%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.220%, 7d avg −0.087%

Together, before fees−0.060%−$6 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: OKX is 0.133% cheaper against ApeX Omni than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WLDUSDT	0.4541	0.0100	pay 0.0013% / 1h	16m 53s	$48K	$239K	50x
Short	OKX WLD-USDT-SWAP	0.4531	0.0100	get 0.0100% / 8h	1h 16m	$34.3M	$153.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.220%Rate

Funding earned: $0
Price spread: −0.220% → −0.087%: −$13.3
Slippage, 4 orders: −$31.87
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$65.17
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 25 min ago; OKX: 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, 25 min ago	8.82 bp	17.5 bp −$18	99.3 bp −$993	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.10 bp	6.9 bp −$7	15.4 bp −$154	198.8 bp −$19.9K	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
Nado WLD-PERP	−0.0007%	1h	0.4530	−0.242%	$238K	$169K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4539	−0.042%	$155K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4541	0.000%	$50K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4529	−0.264%	$150K	$955K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4529	−0.267%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0098%	8h	0.4531	−0.220%	$6.7M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4527	−0.308%	$27K	$760K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4534	−0.148%	$227K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4537	−0.086%	$49K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4533	−0.176%	$86.4M	$337.0M	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	0.4531	−0.220%	$64.6M	$90.5M	50x	as long as short
OKX WLD-USDT-SWAPshort	+0.0100%	8h	0.4531	−0.220%	$34.3M	$153.4M	50x
Gate WLD_USDT	+0.0100%	8h	0.4532	−0.198%	$7.1M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4532	−0.198%	$39.9M	$57.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4531	−0.220%	$30.0M	$31.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4533	−0.176%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4532	−0.203%	$135K	$296K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4537	−0.095%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4538	−0.060%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4540	−0.022%	$607K	$2.1M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4541	long leg	$48K	$239K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4530	−0.244%	$47K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4533	−0.176%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4529	−0.264%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4529	−0.264%	$828K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4530	−0.242%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4530	−0.237%	$210K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4530	−0.253%	$31K	$500	3x	as long as short
Lighter WLD	+0.0120%	1h	0.4537	−0.086%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+0.881%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4528	−0.291%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4533	−0.174%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4548	+0.148%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4529	−0.270%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4527	−0.308%	$4.8M	$915K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4532	−0.198%	$273K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0543%	1h	0.4538	−0.075%	$49.8M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1045%	1h	0.4531	−0.229%	$870K	$2.9M	50x	as long as short