Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: BingX against ApeX Omni−0.022%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 3 days (all we have)−0.626%−$63 · spread now −0.022%, 7d avg −0.067%

Together, before fees−0.637%−$64 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: BingX is 0.045% dearer against ApeX Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WLDUSDT	0.4567	0.0100	pay 0.0013% / 1h	13m 27s	$55K	$227K	50x
Short	BingX WLD-USDC	0.4566	0.0100	get 0.0100% / 8h	1h 13m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.067%: $4.47
Slippage, 4 orders: −$35.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$50.78
Costs to cover: 0.553%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 3 min ago; BingX: live order book, 8 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 ApeX Omni live order book, 3 min ago	7.66 bp	15.5 bp −$15	97.7 bp −$977	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	2.18 bp	9.5 bp −$10	31.7 bp −$317	469.5 bp −$47.0K	764.8 bp −$382.4K

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	−0.0305%	8h	0.4575	+0.175%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	+0.241%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4566	−0.030%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4572	+0.109%	$108K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4565	−0.042%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0005%	8h	0.4572	+0.109%	$28K	$912K	10x	as long as short
KuCoin WLDUSDTM	+0.0007%	8h	0.4563	−0.088%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0050%	1h	0.4563	−0.088%	$275K	$169K	5x	as long as short
Variational Omni WLD	+0.0094%	8h	0.4568	+0.020%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4568	+0.014%	$200K	$999K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4567	+0.002%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4564	−0.062%	$86.3M	$297.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4564	−0.066%	$65.3M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4563	−0.088%	$34.1M	$140.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4565	−0.044%	$7.4M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4564	−0.066%	$49.0M	$52.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4563	−0.088%	$30.1M	$25.6M	75x	as long as short
BingX WLD-USDCshort	+0.0100%	8h	0.4566	−0.022%	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4574	+0.160%	$129K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4570	+0.060%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4569	+0.036%	$614K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4567	long leg	$55K	$227K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4566	−0.026%	$41K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4581	+0.307%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4572	+0.109%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4564	−0.066%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4572	+0.109%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4562	−0.108%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4573	+0.128%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4576	+0.204%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4563	−0.090%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4576	+0.202%	$912K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4572	+0.109%	$4.9M	$813K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4569	+0.037%	$327	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4573	+0.123%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4580	+0.285%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0700%	1h	0.4570	+0.063%	$49.6M	$43.2M	10x	as long as short
Lighter WLD	+0.0992%	1h	0.4576	+0.193%	$5.2M	$2.1M	10x	as long as short