Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%

Price spread now: Variational Omni against SoDEX+0.501%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.501% dearer against SoDEX than usual: you sell high and buy low, +$50 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX WLD-USD	0.4518	0.0100	pay 0.0013% / 1h	36m 40s	$212	$5K	10x
Short	Variational Omni WLD	0.4541	0.0100	get 0.0100% / 8h	36m 40s	$2.1M	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SoDEX. 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 SoDEXbpFee Variational OmnibpOrdersPrice spread, now +0.501%Rate

Funding earned: $0
Price spread: +0.501% → 0.000%: $50.05
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $42.05
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 2 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 SoDEX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	5.52 bp	doesn't fit	14.3 bp −$143	doesn't fit	doesn't fit

SoDEX: 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
Injective WLD/USDC PERP	−0.0309%	1h	0.4531	+0.288%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0032%	1h	0.4512	−0.122%	$235K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4514	−0.086%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4521	+0.066%	$50K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4518	−0.004%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4518	0.000%	$27K	$708K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4515	−0.072%	$224K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4516	−0.039%	$49K	$531K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4512	−0.123%	$86.5M	$333.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4512	−0.133%	$64.2M	$89.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4513	−0.111%	$34.2M	$151.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4512	−0.133%	$7.1M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4512	−0.133%	$41.7M	$56.3M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4516	−0.044%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4510	−0.177%	$29.8M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4510	−0.177%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4520	+0.040%	$132K	$298K	10x	as long as short
Variational Omni WLDshort	+0.0100%	8h	0.4541	+0.501%	$2.1M	$1.6M	—
edgeX WLDUSDC	+0.0100%	4h	0.4528	+0.224%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4531	+0.285%	$605K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4544	+0.575%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4519	+0.020%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4525	+0.155%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USDlong	+0.0100%	1h	0.4518	long leg	$212	$5K	10x
HTX WLD-USDT	+0.0100%	8h	0.4517	−0.022%	$826K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4518	0.000%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4508	−0.216%	$208K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4520	+0.047%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4516	−0.039%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4523	+0.113%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4553	+0.775%	$5K	$43K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0193%	1h	0.4519	+0.022%	$140K	$979K	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4518	−0.010%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4517	−0.022%	$4.8M	$903K	75x	as long as short
01 Exchange WLDUSD	+0.0232%	1h	0.4514	−0.093%	$323	$55	5x	as long as short
Hyperliquid WLD	+0.0433%	1h	0.4523	+0.115%	$50.3M	$43.8M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4522	+0.089%	$272K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0457%	1h	0.4518	−0.006%	$864K	$2.8M	50x	as long as short