Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%

Price spread now: Variational Omni against ApeX Omni−0.249%73s7-day average −0.061% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.249%, 7d avg −0.061%

Together, before fees+0.125%+ Points / potential airdropVariational Omni: Active · farm board+$12 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: Variational Omni is 0.187% cheaper against ApeX Omni than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.061%. 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	0.4557	0.0100	pay 0.0013% / 1h	24m 18s	$43K	$238K	50x
Short	Variational Omni WLD	0.4546	0.0100	get 0.0100% / 8h	3h 24m	$2.1M	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.249%Rate

Funding earned: $0
Price spread: −0.249% → −0.061%: −$18.74
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$28.74
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 27 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

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, 27 min ago	6.52 bp	14.5 bp −$15	113.7 bp −$1,137	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	5.48 bp	doesn't fit	20.8 bp −$208	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
Nado WLD-PERP	−0.0029%	1h	0.4540	−0.384%	$241K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4540	−0.371%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4541	−0.351%	$61K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4532	−0.549%	$123K	$939K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4536	−0.466%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0025%	8h	0.4536	−0.461%	$6.9M	$11.7M	50x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4541	−0.355%	$208K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4539	−0.388%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4537	−0.439%	$86.5M	$329.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4531	−0.571%	$64.5M	$89.9M	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	0.4532	−0.549%	$34.3M	$150.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4536	−0.461%	$7.2M	$36.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4537	−0.439%	$41.0M	$54.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4529	−0.614%	$29.9M	$30.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4535	−0.483%	—	$67.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4544	−0.285%	$136K	$302K	10x	as long as short
Variational Omni WLDshort	+0.0100%	8h	0.4546	−0.249%	$2.1M	$1.6M	—
edgeX WLDUSDC	+0.0100%	4h	0.4554	−0.058%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4562	+0.110%	$600K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4557	long leg	$43K	$238K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4536	−0.465%	$39K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4533	−0.527%	$28K	$868K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4543	−0.307%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4532	−0.549%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4543	−0.307%	$830K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4545	−0.263%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4529	−0.620%	$216K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4534	−0.496%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4535	−0.490%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.417%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4552	−0.099%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4544	−0.285%	$4.9M	$890K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4536	−0.467%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0288%	1h	0.4543	−0.301%	$325	$55	5x	as long as short
Hyperliquid WLD	+0.0388%	1h	0.4543	−0.316%	$49.9M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0524%	1h	0.4535	−0.491%	$881K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4539	−0.395%	$265K	$1.6M	50x	as long as short
Lighter WLD	+0.0824%	1h	0.4548	−0.195%	$5.2M	$2.6M	10x	as long as short