Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0140%/8hpaid last 24h +0.014%

Price spread now: ApeX Omni against KuCoin+0.092%97s7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as 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−$670.672% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 3 days (all we have)+1.037%+$104 · spread now +0.092%, 7d avg +0.079%

Together, before fees+1.126%+$113 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.079%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 97 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	KuCoin WLDUSDTM	0.4351	−0.0040	get 0.0040% / 8h	4h 21m	$7.2M	$9.9M	50x
Short	ApeX Omni WLDUSDT	0.4355	0.0100	get 0.0013% / 1h	21m 55s	$63K	$221K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.092%Rate

Funding earned: $29.4
Price spread: +0.092% → +0.079%: $1.34
Slippage, 4 orders: −$45.17
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$36.44
Costs to cover: 0.672%
Break-even: 15.7 days

Slippage from KuCoin: live order book, 10 min ago; ApeX Omni: live order book, 8 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 KuCoin live order book, 10 min ago	1.15 bp	12.8 bp −$13	38.0 bp −$380	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 8 min ago	8.05 bp	16.6 bp −$17	103.5 bp −$1,035	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
Variational Omni WLD	−0.0223%	8h	0.4349	−0.035%	$2.0M	$1.4M	—	as long as short
Bybit WLDUSDT	−0.0204%	8h	0.4349	−0.046%	$62.1M	$68.1M	50x	as long as short
Nado WLD-PERP	−0.0084%	1h	0.4351	0.000%	$340K	$150K	5x	as long as short
01 Exchange WLDUSD	−0.0056%	1h	0.4357	+0.145%	$312	$77	5x	as long as short
Phoenix WLD	−0.0055%	1h	0.4353	+0.055%	$2K	$47K	10x	as long as short
Binance WLDUSDT	−0.0052%	8h	0.4350	−0.025%	$78.2M	$258.6M	75x	as long as short
MEXC WLD_USDT	−0.0051%	8h	0.4350	−0.023%	$43.1M	$41.8M	300x	as long as short
OKX WLD-USDT-SWAP	−0.0044%	8h	0.4349	−0.046%	$32.8M	$119.6M	50x	as long as short
KuCoin WLDUSDTMlong	−0.0040%	8h	0.4351	long leg	$7.2M	$9.9M	50x
Orderly PERP_WLD_USDC	−0.0039%	8h	0.4353	+0.046%	$27K	$926K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX WLD-USD	0.0000%	1h	0.4360	+0.207%	$149K	$5K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4355	+0.092%	$92K	$3.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4356	+0.115%	$122K	$728K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4356	+0.113%	$56K	—	150x	as long as short
Extended WLD-USD	+0.0056%	1h	0.4349	−0.049%	$148K	$534K	10x	as long as short
BloFin WLD-USDT	+0.0068%	8h	0.4357	+0.138%	$4.6M	$867K	75x	as long as short
Aevo WLD-PERP	+0.0072%	1h	0.4354	+0.079%	$30K	$5K	3x	as long as short
Gate WLD_USDT	+0.0084%	8h	0.4352	+0.023%	$7.2M	$32.6M	75x	as long as short
Lighter WLD	+0.0096%	1h	0.4360	+0.202%	$4.7M	$1.3M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4354	+0.060%	$43.5M	$36.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4357	+0.134%	$225K	$913K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4357	+0.138%	$58K	$460K	5x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4349	−0.046%	$28.5M	$23.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4351	0.000%	—	$67.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4354	+0.064%	$128K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4353	+0.050%	$26K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4364	+0.299%	$590K	$1.8M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4355	+0.092%	$63K	$221K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4356	+0.115%	$57K	$1.8M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4358	+0.161%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4352	+0.023%	$187	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4355	+0.092%	$808K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4352	+0.023%	$1.8M	$3.8M	50x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4344	−0.161%	$6K	$90K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4352	+0.014%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0205% / S −0.1501%	1h	0.4355	+0.088%	$7K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0352%	1h	0.4362	+0.253%	$263K	$1.4M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0464%	1h	0.4358	+0.159%	$880K	$2.2M	50x	as long as short