Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: ApeX Omni against OKX+0.219%70s7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as 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−$480.481% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.219%, 7d avg +0.086%

Together, before fees+0.094%+$9 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: ApeX Omni is 0.133% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.086%. The two prices were read 70 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	OKX WLD-USDT-SWAP	0.4567	0.0100	pay 0.0100% / 8h	2h 04m	$34.7M	$156.3M	50x
Short	ApeX Omni WLDUSDT	0.4577	0.0100	get 0.0013% / 1h	4m 22s	$49K	$240K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.219%Rate

Funding earned: $0
Price spread: +0.219% → +0.086%: $13.33
Slippage, 4 orders: −$28.13
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$34.8
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from OKX: 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 OKX live order book, 5 min ago	1.10 bp	7.9 bp −$8	17.3 bp −$173	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 42 min ago	8.88 bp	16.6 bp −$17	97.1 bp −$971	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	−0.0035%	1h	0.4568	+0.033%	$241K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4567	−0.007%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4573	+0.131%	$54K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4572	+0.109%	$152K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4567	−0.004%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0069%	8h	0.4569	+0.044%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4573	+0.125%	$327	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4567	0.000%	$27K	$791K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4571	+0.098%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4571	+0.085%	$51K	$538K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4568	+0.029%	$87.0M	$339.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4568	+0.022%	$65.2M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4567	long leg	$34.7M	$156.3M	50x
Gate WLD_USDT	+0.0100%	8h	0.4568	+0.022%	$7.2M	$37.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4569	+0.044%	$40.4M	$57.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4569	+0.044%	$30.2M	$31.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4568	+0.022%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4572	+0.112%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	+0.256%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4574	+0.145%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.328%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4577	+0.219%	$49K	$240K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4571	+0.083%	$47K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4584	+0.372%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4571	+0.088%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4572	+0.109%	$836K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4570	+0.066%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4568	+0.026%	$211K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4572	+0.099%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4568	+0.015%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4578	+0.236%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4574	+0.153%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.504%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4568	+0.020%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4573	+0.131%	$4.8M	$923K	75x	as long as short
Hyperliquid WLD	+0.0356%	1h	0.4575	+0.175%	$49.8M	$44.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0496%	1h	0.4572	+0.115%	$865K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4575	+0.175%	$276K	$1.7M	50x	as long as short