Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.027%

Price spread now: Variational Omni against Extended+0.097%7-day average 0.000% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.874%−$87 · spread now +0.097%, 7d avg 0.000%

Together, before fees−0.914%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$91 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 0.097% dearer against Extended than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLD-USD	0.4544	0.0104	pay 0.0013% / 1h	58m 55s	$215K	$803K	10x
Short	Variational Omni WLD	0.4549	0.0100	get 0.0100% / 8h	6h 58m	$2.1M	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.097%Rate

Funding earned: −$0.84
Price spread: +0.097% → 0.000%: $9.74
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $3.9
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 59 min ago; Variational Omni: RFQ quote, just now. 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 Extended live order book, 59 min ago	2.21 bp	4.8 bp −$5	12.3 bp −$123	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	5.49 bp	doesn't fit	14.3 bp −$143	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	−0.0064%	1h	0.4552	+0.182%	$236K	$170K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4552	+0.171%	$36K	$4.5M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4548	+0.083%	$120K	$973K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4556	+0.252%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0033%	1h	0.4508	−0.798%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4559	+0.333%	$326	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4548	+0.083%	$27K	$501K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4552	+0.171%	$216K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4553	+0.193%	$57K	$540K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4549	+0.106%	$86.9M	$330.7M	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	0.4549	+0.105%	$65.4M	$89.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4547	+0.061%	$34.5M	$149.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4549	+0.105%	$7.2M	$32.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4546	+0.039%	$41.6M	$55.7M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4544	−0.006%	$6.7M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4549	+0.105%	$30.0M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4549	+0.105%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4551	+0.146%	$128K	$283K	10x	as long as short
Variational Omni WLDshort	+0.0100%	8h	0.4549	+0.097%	$2.1M	$1.5M	—
edgeX WLDUSDC	+0.0100%	4h	0.4552	+0.179%	$27K	$323K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4554	+0.216%	$601K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4555	+0.237%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4558	+0.303%	$49K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4554	+0.215%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4547	+0.061%	$226	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4551	+0.149%	$834K	$1.3M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4547	+0.061%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USDlong	+0.0104%	1h	0.4544	long leg	$215K	$803K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4548	+0.088%	$31K	$500	3x	as long as short
dYdX WLD-USD	+0.0118%	1h	0.4556	+0.251%	$155K	$31K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4549	+0.108%	—	—	20x	as long as short
Lighter WLD	+0.0136%	1h	0.4553	+0.197%	$4.9M	$3.0M	10x	as long as short
Phoenix WLD	+0.0194%	1h	0.4556	+0.259%	$4K	$43K	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0200%	1h	0.4549	+0.100%	$902K	$2.7M	50x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4552	+0.176%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4551	+0.149%	$4.4M	$949K	75x	as long as short
Hyperliquid WLD	+0.0291%	1h	0.4556	+0.261%	$50.6M	$43.2M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0416%	1h	0.4554	+0.215%	$269K	$1.5M	50x	as long as short