Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.026%

Price spread now: ApeX Omni against Orderly+0.244%70s7-day average +0.040% · you sell dearer than you buy

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

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$14 on $10k

Price spread, last 4 days (all we have)−0.434%−$43 · spread now +0.244%, 7d avg +0.040%

Together, before fees−0.290%−$29 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 0.204% dearer against Orderly than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.040%. 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	Orderly PERP_WLD_USDC	0.4510	0.0099	pay 0.0099% / 8h	1h 28m	$27K	$785K	10x
Short	ApeX Omni WLDUSDT	0.4521	0.0100	get 0.0013% / 1h	28m 04s	$48K	$239K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now +0.244%Rate

Funding earned: $0.27
Price spread: +0.244% → +0.040%: $20.4
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $4.68
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 13 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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 13 min ago	8.82 bp	18.0 bp −$18	105.3 bp −$1,053	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
dYdX WLD-USD	0.0000%	1h	0.4516	+0.127%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4520	+0.222%	$55K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4513	+0.067%	$150K	$963K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4511	+0.022%	$65K	—	150x	as long as short
Nado WLD-PERP	+0.0018%	1h	0.4508	−0.044%	$237K	$169K	5x	as long as short
KuCoin WLDUSDTM	+0.0090%	8h	0.4511	+0.022%	$6.6M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDClong	+0.0099%	8h	0.4510	long leg	$27K	$785K	10x
Aster WLDUSDT	+0.0100%	8h	0.4515	+0.118%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4512	+0.044%	$50K	$537K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4515	+0.111%	$86.0M	$338.1M	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	0.4513	+0.067%	$64.4M	$90.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4513	+0.067%	$34.1M	$153.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4512	+0.044%	$7.1M	$36.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4511	+0.022%	$40.0M	$57.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4514	+0.089%	$29.7M	$31.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4514	+0.089%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4514	+0.084%	$134K	$296K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4516	+0.127%	$2.0M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4516	+0.135%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4519	+0.201%	$604K	$2.1M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4521	+0.244%	$48K	$239K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4509	−0.029%	$47K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4518	+0.177%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4511	+0.022%	$219	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	+0.022%	$825K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4514	+0.089%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4510	−0.001%	$208K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4513	+0.066%	$31K	$500	3x	as long as short
Lighter WLD	+0.0112%	1h	0.4517	+0.155%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.574%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4512	+0.051%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0136%	1h	0.4511	+0.029%	$323	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4525	+0.324%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4511	+0.029%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4515	+0.111%	$4.8M	$917K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4515	+0.111%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0575%	1h	0.4519	+0.193%	$49.5M	$44.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1049%	1h	0.4513	+0.066%	$866K	$2.9M	50x	as long as short