Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against ApeX Omni+0.323%77s7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as 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−$1241.242% of the position

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.092%−$9 · spread now +0.323%, 7d avg −0.033%

Together, before fees−0.089%−$9 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: Phemex is 0.356% dearer against ApeX Omni than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.033%. The two prices were read 77 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	0.4637	0.0100	pay 0.0013% / 1h	45m 56s	$56K	$228K	50x
Short	Phemex WLDUSDT	0.4652	0.0100	get 0.0100% / 8h	45m 56s	$1.8M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.323%Rate

Funding earned: $0
Price spread: +0.323% → −0.033%: $35.6
Slippage, 4 orders: −$102.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$88.64
Costs to cover: 1.242%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 30 min ago; Phemex: live order book, 3 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, 30 min ago	7.66 bp	15.5 bp −$15	97.7 bp −$977	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	10.78 bp	46.2 bp −$46	doesn't fit	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	−0.0231%	8h	0.4648	+0.237%	$34K	$3.8M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4635	−0.035%	$165K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4654	+0.370%	$58K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0014%	8h	0.4653	+0.345%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTM	+0.0020%	8h	0.4645	+0.173%	$7.1M	$10.9M	50x	as long as short
Nado WLD-PERP	+0.0066%	1h	0.4644	+0.162%	$280K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4647	+0.223%	$192K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4638	+0.032%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4641	+0.087%	$88.0M	$299.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4638	+0.022%	$66.4M	$82.4M	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	0.4636	−0.022%	$34.7M	$144.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4643	+0.129%	$7.5M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4646	+0.194%	$50.4M	$51.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4635	−0.043%	$30.6M	$25.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4639	+0.043%	—	$67.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4653	+0.341%	$130K	$270K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4627	−0.217%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4628	−0.183%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4637	−0.006%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTlong	+0.0100%	1h	0.4637	long leg	$56K	$228K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4649	+0.257%	$43K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4654	+0.367%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4655	+0.388%	$209	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4644	+0.151%	$865K	$1.8M	50x	as long as short
Phemex WLDUSDTshort	+0.0100%	8h	0.4652	+0.323%	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4644	+0.144%	$238K	$859K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4656	+0.409%	$32K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4638	+0.015%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4645	+0.170%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4626	−0.237%	$4.9M	$830K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4654	+0.372%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4651	+0.293%	$333	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.539%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0395%	1h	0.4657	+0.431%	$113K	$883K	25x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4646	+0.194%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0665%	1h	0.4656	+0.414%	$50.7M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0706%	1h	0.4657	+0.438%	$927K	$2.6M	50x	as long as short
Lighter WLD	+0.1712%	1h	0.4665	+0.608%	$5.3M	$2.0M	10x	as long as short