Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.020%

Price spread now: ApeX Omni against BloFin−0.131%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$540.540% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$13 on $10k

Price spread, last 3 days (all we have)−0.107%−$11 · spread now −0.131%, 7d avg +0.019%

Together, before fees−0.232%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.150% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLD-USDT	0.4571	0.0220	pay 0.0220% / 8h	1h 46m	$4.8M	$815K	75x
Short	ApeX Omni WLDUSDT	0.4565	0.0100	get 0.0013% / 1h	46m 42s	$55K	$228K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.131%Rate

Funding earned: −$25.2
Price spread: −0.131% → +0.019%: −$15.02
Slippage, 4 orders: −$31.98
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$94.2
Costs to cover: 0.540%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; ApeX Omni: live order book, 35 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 BloFin live order book, 2 min ago	3.28 bp	13.6 bp −$14	15.3 bp −$153	37.6 bp −$3,760	117.1 bp −$58.6K
Sell ApeX Omni live order book, 35 min ago	6.60 bp	14.9 bp −$15	94.4 bp −$944	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	−0.0438%	8h	0.4574	+0.066%	$44K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4522	−1.072%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0009%	8h	0.4574	+0.066%	$28K	$914K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4581	+0.209%	$156K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4576	+0.109%	$121K	$894K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4572	+0.022%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0007%	8h	0.4579	+0.175%	$7.1M	$10.7M	50x	as long as short
Variational Omni WLD	+0.0045%	8h	0.4543	−0.610%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0075%	1h	0.4571	−0.005%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4579	+0.174%	$214K	$974K	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	0.4581	+0.219%	$51K	$480K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4582	+0.245%	$86.6M	$294.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4580	+0.197%	$65.4M	$80.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4580	+0.197%	$34.3M	$140.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4581	+0.219%	$7.5M	$34.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4580	+0.197%	$52.8M	$50.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4580	+0.197%	$30.4M	$25.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4580	+0.197%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4575	+0.096%	$130K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4547	−0.531%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4551	−0.435%	$621K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4565	−0.131%	$55K	$228K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4574	+0.074%	$47K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4579	+0.175%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4573	+0.044%	$200	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	−0.066%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4571	0.000%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4581	+0.213%	$239K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4576	+0.119%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4558	−0.278%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4571	−0.007%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4578	+0.144%	$920K	$2.6M	50x	as long as short
BloFin WLD-USDTlong	+0.0220%	8h	0.4571	long leg	$4.8M	$815K	75x
01 Exchange WLDUSD	+0.0256%	1h	0.4586	+0.333%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4571	+0.003%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4577	+0.131%	$280K	$1.6M	50x	as long as short
Lighter WLD	+0.0936%	1h	0.4589	+0.403%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.1186%	1h	0.4592	+0.453%	$49.8M	$42.8M	10x	as long as short