Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.022%

Price spread now: ApeX Omni against BloFin+0.153%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 4 days (all we have)−0.557%−$56 · spread now +0.153%, 7d avg +0.032%

Together, before fees−0.703%−$70 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.121% dearer against BloFin than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of +0.032%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLD-USDT	0.4577	0.0220	pay 0.0220% / 8h	4h 14m	$4.9M	$831K	75x
Short	ApeX Omni WLDUSDT	0.4584	0.0100	get 0.0013% / 1h	14m 04s	$43K	$239K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.153%Rate

Funding earned: −$25.2
Price spread: +0.153% → +0.032%: $12.06
Slippage, 4 orders: −$37.81
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$72.96
Costs to cover: 0.598%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; ApeX Omni: live order book, 42 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 BloFin live order book, 5 min ago	3.28 bp	13.0 bp −$13	16.4 bp −$164	41.5 bp −$4,152	128.3 bp −$64.2K
Sell ApeX Omni live order book, 42 min ago	8.72 bp	19.9 bp −$20	124.9 bp −$1,249	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	−0.0044%	1h	0.4576	−0.022%	$242K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0006%	8h	0.4573	−0.087%	$6.9M	$11.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4575	−0.040%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4576	−0.022%	$46K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4575	−0.044%	$118K	$942K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4575	−0.048%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4583	+0.131%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0095%	8h	0.4574	−0.066%	$28K	$886K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4578	+0.022%	$4.9M	$2.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4578	+0.017%	$211K	$1.1M	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	0.4576	−0.017%	$49K	$527K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4574	−0.059%	$86.7M	$328.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4572	−0.109%	$65.0M	$89.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4573	−0.087%	$34.3M	$149.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4574	−0.066%	$7.2M	$37.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4572	−0.109%	$44.1M	$54.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4573	−0.087%	$30.2M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4573	−0.087%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4575	−0.035%	$136K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4578	+0.015%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4580	+0.065%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4587	+0.218%	$604K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4584	+0.153%	$43K	$239K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4574	−0.070%	$40K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4579	+0.044%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4574	−0.066%	$174	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4574	−0.066%	$836K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4577	0.000%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4572	−0.109%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4575	−0.052%	$31K	$600	3x	as long as short
01 Exchange WLDUSD	+0.0128%	1h	0.4578	+0.022%	$328	$80	5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4573	−0.082%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4586	+0.205%	$5K	$52K	10x	as long as short
BloFin WLD-USDTlong	+0.0220%	8h	0.4577	long leg	$4.9M	$831K	75x
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4574	−0.069%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0326%	1h	0.4580	+0.061%	$50.3M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0479%	1h	0.4577	−0.007%	$884K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4593	+0.350%	$269K	$1.7M	50x	as long as short