Funding you earn now, next payment 02:00 UTC−0.1578%/8h= −172.7% APRnext payment −$1.97 per $10,000 · paid last 24h −0.053%
Price spread now: ApeX Omni against Coinbase International−0.558%75s7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as 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−$710.711% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 3 days (all we have)+0.537%+$54 · spread now −0.558%, 7d avg −0.014%
=Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and ApeX Omni is 0.544% cheaper against Coinbase International than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of −0.014%). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International WLD-PERP-INTX | 0.4657 | 0.0480 | pay 0.0060% / 1h | 54m 07s | $276K | $1.7M | 50x |
| Short | ApeX Omni WLDUSDT | 0.4631 | −0.1098 | pay 0.0137% / 1h | 54m 07s | $51K | $236K | 50x |
Coinbase International WLD-PERP-INTX
ApeX Omni WLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$331.3
- Price spread: −0.558% → −0.014%
- −$54.42
- Slippage, 4 orders
- −$51.11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$456.82
- Costs to cover
- 0.711%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; ApeX Omni: live order book, 7 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 Coinbase International live order book, 4 min ago | 6.44 bp | 21.2 bp −$21 | 27.1 bp −$271 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 7 min ago | 6.43 bp | 15.5 bp −$15 | 101.0 bp −$1,010 | doesn't fit | doesn't fit |
WLD on 37 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni WLDUSDTshort | −0.1098% | 1h | 0.4631 | −0.558% | $51K | $236K | 50x | |
| Kalshi KXWLDPERP | −0.0139% | 8h | 0.4646 | −0.236% | $61K | $4.5M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0036% | 8h | 0.4637 | −0.429% | $7.1M | $11.5M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4645 | −0.255% | $165K | $26K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4643 | −0.303% | $56K | — | 150x | as long as short |
| Phoenix WLD | +0.0068% | 1h | 0.4648 | −0.193% | $5K | $57K | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0068% | 8h | 0.4649 | −0.172% | $28K | $895K | 10x | as long as short |
| Nado WLD-PERP | +0.0082% | 1h | 0.4645 | −0.258% | $270K | $187K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4646 | −0.243% | $179K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4646 | −0.235% | $51K | $510K | 5x | as long as short |
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
Phoenix WLD
Orderly PERP_WLD_USDC
Nado WLD-PERP
Aster WLDUSDT
Pacifica WLDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4641 | −0.342% | $88.3M | $323.2M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4638 | −0.408% | $66.4M | $87.2M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4640 | −0.365% | $35.1M | $149.1M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4641 | −0.344% | $7.3M | $36.4M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4639 | −0.387% | $45.6M | $54.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4637 | −0.429% | $30.8M | $29.2M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4641 | −0.344% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4639 | −0.380% | $136K | $285K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4684 | +0.574% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4637 | −0.427% | $28K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4654 | −0.055% | $615K | $1.9M | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4647 | −0.223% | $63K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4655 | −0.043% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4648 | −0.193% | $293 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4641 | −0.344% | $848K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4640 | −0.365% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4645 | −0.249% | $214K | $887K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4649 | −0.178% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4644 | −0.275% | — | — | 20x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0180% | 1h | 0.4649 | −0.172% | $120K | $923K | 25x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4643 | −0.300% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4652 | −0.112% | $333 | $80 | 5x | as long as short |
| Coinbase International WLD-PERP-INTXlong | +0.0480% | 1h | 0.4657 | long leg | $276K | $1.7M | 50x | |
| Hyperliquid WLD | +0.0537% | 1h | 0.4646 | −0.238% | $51.7M | $42.9M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0677% | 1h | 0.4650 | −0.150% | $6K | $185K | 5.5x | as long as short |
| Lighter WLD | +0.0840% | 1h | 0.4651 | −0.140% | $5.2M | $2.2M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0891% | 1h | 0.4649 | −0.170% | $903K | $2.9M | 50x | as long as short |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Deribit WLD_USDC-PERPETUAL
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Hyperliquid WLD
Injective WLD/USDC PERP
Lighter WLD
Kraken Futures PF_WLDUSD