Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h +0.001%

Price spread now: dYdX against Variational Omni+0.077%7-day average +0.074% · you sell dearer than you buy

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

Long on Variational Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.392%+$39 · spread now +0.077%, 7d avg +0.074%

Together, before fees+0.346%+ Points / potential airdropVariational Omni: Active · farm board+$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WLD	0.4516	0.0025	pay 0.0025% / 8h	1h 59m	$2.1M	$1.7M	—
Short	dYdX WLD-USD	0.4520	0	get 0.0000% / 1h	59m 56s	$154K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 dYdXbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$5.27
Price spread: +0.077% → +0.074%: $0.3
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$14.97
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; dYdX: live order book, 24 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, 4 min ago	5.55 bp	doesn't fit	21.1 bp −$211	doesn't fit	doesn't fit
Sell dYdX live order book, 24 min ago	79.53 bp	84.5 bp −$85	214.1 bp −$2,141	246.2 bp −$24.6K	290.3 bp −$145.2K

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
Kalshi KXWLDPERP	−0.0486%	8h	0.4519	+0.060%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0014%	8h	0.4518	+0.038%	$27K	$916K	10x	as long as short
KuCoin WLDUSDTM	−0.0003%	8h	0.4511	−0.117%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4520	+0.077%	$154K	$6K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4519	+0.060%	$122K	$911K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4517	+0.027%	$56K	—	150x	as long as short
Variational Omni WLDlong	+0.0025%	8h	0.4516	long leg	$2.1M	$1.7M	—
Nado WLD-PERP	+0.0041%	1h	0.4517	+0.027%	$271K	$169K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4522	+0.117%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0097%	8h	0.4512	−0.095%	$33.7M	$137.6M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLD	+0.0100%	1h	0.4521	+0.115%	$46.5M	$41.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4516	−0.009%	$212K	$976K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4518	+0.038%	$51K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4514	−0.051%	$84.7M	$293.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4512	−0.095%	$64.3M	$80.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4515	−0.029%	$7.3M	$34.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4512	−0.095%	$51.8M	$49.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4512	−0.095%	$29.9M	$25.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4510	−0.139%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4517	+0.022%	$128K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4518	+0.036%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4510	−0.134%	$605K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4509	−0.162%	$54K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4517	+0.011%	$51K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4523	+0.148%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4517	+0.016%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4516	−0.007%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4519	+0.060%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4511	−0.118%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4520	+0.071%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4516	−0.006%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4519	+0.060%	$4.8M	$809K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0243% / S −0.2027%	1h	0.4517	+0.024%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4520	+0.084%	$323	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4542	+0.569%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4524	+0.171%	$278K	$1.6M	50x	as long as short
Lighter WLD	+0.0936%	1h	0.4526	+0.213%	$5.1M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1104%	1h	0.4519	+0.054%	$919K	$2.6M	50x	as long as short