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 0.000%

Price spread now: SunX against ApeX Omni−0.065%73s7-day average +0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as 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−$1171.167% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.480%+$48 · spread now −0.065%, 7d avg +0.103%

Together, before fees+0.482%+$48 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: SunX is 0.168% cheaper against ApeX Omni than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.103%. The two prices were read 73 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	0.4627	0.0100	pay 0.0013% / 1h	43m 43s	$55K	$228K	50x
Short	SunX WLD-USDT	0.4624	0.0100	get 0.0100% / 8h	43m 43s	$23K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → +0.103%: −$16.77
Slippage, 4 orders: −$98.74
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$133.51
Costs to cover: 1.167%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 32 min ago; SunX: live order book, 11 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, 32 min ago	7.66 bp	15.5 bp −$15	97.7 bp −$977	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	30.22 bp	46.5 bp −$47	doesn't fit	doesn't fit	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	−0.0228%	8h	0.4623	−0.086%	$39K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4613	−0.306%	$165K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4619	−0.173%	$112K	$883K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4618	−0.190%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0015%	8h	0.4618	−0.195%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTM	+0.0019%	8h	0.4611	−0.346%	$7.0M	$10.9M	50x	as long as short
Nado WLD-PERP	+0.0073%	1h	0.4615	−0.270%	$278K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4619	−0.167%	$191K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4614	−0.284%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4613	−0.303%	$87.4M	$300.0M	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	0.4611	−0.346%	$66.1M	$82.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4609	−0.389%	$34.5M	$143.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4614	−0.281%	$7.5M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4611	−0.346%	$47.0M	$52.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4608	−0.411%	$30.4M	$25.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4610	−0.367%	—	$66.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4617	−0.207%	$129K	$270K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4646	+0.409%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4628	+0.032%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4637	+0.210%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4627	long leg	$55K	$228K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4621	−0.138%	$44K	$1.6M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4624	−0.065%	$23K	$1.5M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4616	−0.238%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4615	−0.259%	$860K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4616	−0.238%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4609	−0.396%	$237K	$859K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4620	−0.162%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4654	+0.575%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4617	−0.207%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4627	0.000%	$4.9M	$826K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4619	−0.170%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4618	−0.195%	$330	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.324%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4625	−0.043%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0652%	1h	0.4622	−0.108%	$50.4M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0712%	1h	0.4620	−0.159%	$919K	$2.6M	50x	as long as short
Lighter WLD	+0.1624%	1h	0.4626	−0.019%	$5.2M	$2.0M	10x	as long as short