Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0326%/8hnext payment +$3.26 per $10,000 · paid last 24h +0.022%

Price spread now: BingX against Variational Omni+0.150%7-day average +0.026% · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.143%+$14 on $10k

Price spread, last 7 days−0.105%−$11 · spread now +0.150%, 7d avg +0.026%

Together, before fees+0.038%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BingX is 0.124% dearer against Variational Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WLD	0.4353	−0.0226	get 0.0226% / 8h	4h 06m	$2.0M	$1.4M	—
Short	BingX WLD-USDC	0.4360	0.0100	get 0.0100% / 8h	4h 06m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now +0.150%Rate

Funding earned: $68.4
Price spread: +0.150% → +0.026%: $12.36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $70.76
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; BingX: live order book, 16 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 Variational Omni RFQ quote, 2 min ago	4.59 bp	doesn't fit	16.1 bp −$161	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	2.30 bp	12.0 bp −$12	39.1 bp −$391	527.8 bp −$52.8K	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 WLDlong	−0.0226%	8h	0.4353	long leg	$2.0M	$1.4M	—
Bybit WLDUSDT	−0.0190%	8h	0.4361	+0.173%	$62.3M	$68.1M	50x	as long as short
Kalshi KXWLDPERP	−0.0101%	8h	0.4362	+0.196%	$92K	$3.6M	1.7x	as long as short
Nado WLD-PERP	−0.0073%	1h	0.4357	+0.092%	$341K	$145K	5x	as long as short
Phoenix WLD	−0.0055%	1h	0.4360	+0.141%	$2K	$47K	10x	as long as short
MEXC WLD_USDT	−0.0052%	8h	0.4361	+0.173%	$43.5M	$42.2M	300x	as long as short
Binance WLDUSDT	−0.0050%	8h	0.4360	+0.154%	$78.3M	$257.7M	75x	as long as short
OKX WLD-USDT-SWAP	−0.0042%	8h	0.4360	+0.150%	$32.9M	$119.7M	50x	as long as short
Orderly PERP_WLD_USDC	−0.0042%	8h	0.4361	+0.173%	$27K	$926K	10x	as long as short
KuCoin WLDUSDTM	−0.0039%	8h	0.4360	+0.150%	$7.3M	$9.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange WLDUSD	−0.0032%	1h	0.4364	+0.251%	$312	$77	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4360	+0.149%	$149K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4364	+0.242%	$123K	$728K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4363	+0.219%	$56K	—	150x	as long as short
Aevo WLD-PERP	+0.0064%	1h	0.4363	+0.223%	$30K	$5K	3x	as long as short
BloFin WLD-USDT	+0.0070%	8h	0.4362	+0.196%	$4.6M	$854K	75x	as long as short
Gate WLD_USDT	+0.0073%	8h	0.4361	+0.173%	$7.2M	$32.6M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4363	+0.207%	$43.6M	$36.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4361	+0.178%	$225K	$913K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4360	+0.146%	$58K	$454K	5x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4362	+0.196%	$28.6M	$23.5M	75x	as long as short
BingX WLD-USDCshort	+0.0100%	8h	0.4360	+0.150%	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4363	+0.216%	$130K	$268K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4358	+0.107%	$26K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4358	+0.099%	$590K	$1.8M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4355	+0.035%	$60K	$222K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4363	+0.223%	$57K	$1.8M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4363	+0.219%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4360	+0.150%	$188	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4358	+0.104%	$808K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4362	+0.196%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4360	+0.142%	$148K	$532K	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4344	−0.218%	$6K	$90K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4361	+0.172%	—	—	20x	as long as short
Lighter WLD	+0.0184%	1h	0.4369	+0.345%	$4.7M	$1.3M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0206% / S −0.1501%	1h	0.4364	+0.231%	$7K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0352%	1h	0.4361	+0.173%	$262K	$1.4M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0463%	1h	0.4364	+0.244%	$881K	$2.2M	50x	as long as short