Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.014%

Price spread now: KuCoin against ApeX Omni−0.499%82s7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$710.710% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 3 days (all we have)+0.330%+$33 · spread now −0.499%, 7d avg −0.079%

Together, before fees+0.241%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.420% cheaper against ApeX Omni than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of −0.079%). Swap the legs. The two prices were read 82 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	ApeX Omni WLDUSDT	0.4606	0.0100	pay 0.0013% / 1h	38m 12s	$55K	$228K	50x
Short	KuCoin WLDUSDTM	0.4583	0.0020	get 0.0020% / 8h	38m 12s	$7.0M	$10.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.499%Rate

Funding earned: −$16.8
Price spread: −0.499% → −0.079%: −$42.01
Slippage, 4 orders: −$49.04
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$129.85
Costs to cover: 0.710%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 38 min ago; KuCoin: live order book, 5 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, 38 min ago	7.66 bp	15.5 bp −$15	97.7 bp −$977	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.17 bp	16.1 bp −$16	36.9 bp −$369	doesn't fit	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
Kalshi KXWLDPERP	−0.0222%	8h	0.4589	−0.369%	$53K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4587	−0.414%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4587	−0.413%	$111K	$883K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4586	−0.429%	$57K	—	150x	as long as short
KuCoin WLDUSDTMshort	+0.0020%	8h	0.4583	−0.499%	$7.0M	$10.9M	50x
Orderly PERP_WLD_USDC	+0.0022%	8h	0.4585	−0.456%	$28K	$909K	10x	as long as short
Nado WLD-PERP	+0.0067%	1h	0.4585	−0.456%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4588	−0.393%	$190K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4588	−0.397%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4587	−0.413%	$86.7M	$300.8M	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	0.4584	−0.478%	$65.6M	$82.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4585	−0.456%	$34.2M	$142.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4584	−0.478%	$7.5M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4586	−0.434%	$46.0M	$52.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4582	−0.521%	$30.2M	$25.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4585	−0.456%	—	$67.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4587	−0.419%	$130K	$271K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4603	−0.067%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4602	−0.091%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4604	−0.036%	$621K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4606	long leg	$55K	$228K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4591	−0.321%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4590	−0.347%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4586	−0.434%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4583	−0.499%	$853K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4585	−0.456%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4582	−0.516%	$234K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4586	−0.431%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4602	−0.087%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4586	−0.424%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4591	−0.326%	$4.9M	$825K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4585	−0.459%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0296%	1h	0.4592	−0.302%	$329	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	+0.130%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4593	−0.282%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0588%	1h	0.4590	−0.341%	$49.8M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0717%	1h	0.4589	−0.367%	$906K	$2.6M	50x	as long as short
Lighter WLD	+0.1552%	1h	0.4597	−0.195%	$5.2M	$2.0M	10x	as long as short