Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0274%/8h= +30.0% APRpaid last 24h +0.069%

Price spread now: ApeX Omni against Kalshi−0.656%7-day average +0.181% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$860.862% of the position

Long on Kalshi Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.320%+$32 on $10k

Price spread, last 3 days (all we have)+0.573%+$57 · spread now −0.656%, 7d avg +0.181%

Together, before fees+0.894%+$89 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.838% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.656% now, against its 7-day average of +0.181%). If the spread goes back, that is −$84 on $10k: about 10 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4724	−0.0174	get 0.0174% / 8h	3h 24m	$27K	$3.9M	1.7x
Short	ApeX Omni WLDUSDT	0.4693	0.0100	get 0.0013% / 1h	24m 40s	$55K	$230K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kalshi. 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 KalshibpFee ApeX OmnibpOrdersPrice spread, now −0.656%Rate

Funding earned: $57.62
Price spread: −0.656% → +0.181%: −$83.75
Slippage, 4 orders: −$66.25
Fee Kalshi: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$112.38
Costs to cover: 0.862%
Break-even: 20.7 days

Slippage from Kalshi: live order book, 4 min ago; ApeX Omni: live order book, 47 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 Kalshi live order book, 4 min ago	1.07 bp	23.1 bp −$23	31.6 bp −$316	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 47 min ago	8.73 bp	17.7 bp −$18	81.1 bp −$811	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 KXWLDPERPlong	−0.0174%	8h	0.4724	long leg	$27K	$3.9M	1.7x
Phemex WLDUSDT	−0.0134%	8h	0.4722	−0.042%	$1.9M	$3.7M	50x	as long as short
Nado WLD-PERP	−0.0025%	1h	0.4722	−0.042%	$280K	$173K	5x	as long as short
KuCoin WLDUSDTM	−0.0017%	8h	0.4728	+0.085%	$7.1M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4731	+0.153%	$169K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4722	−0.042%	$58K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−1.376%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0046%	8h	0.4723	−0.021%	$29K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4729	+0.115%	$193K	$967K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4731	+0.142%	$55K	$481K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4731	+0.140%	$90.4M	$306.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4729	+0.106%	$68.2M	$82.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4728	+0.085%	$35.7M	$148.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4730	+0.127%	$7.7M	$35.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4729	+0.106%	$49.1M	$54.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4731	+0.148%	$31.5M	$26.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4731	+0.148%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4730	+0.129%	$141K	$279K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4714	−0.218%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4691	−0.704%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4698	−0.555%	$621K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4693	−0.656%	$55K	$230K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4723	−0.015%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4730	+0.127%	$24K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4725	+0.021%	$222	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4721	−0.064%	$875K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4731	+0.147%	$218K	$871K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4724	−0.001%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4722	−0.047%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4704	−0.425%	$5K	$53K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0173%	1h	0.4725	+0.021%	$135K	$863K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4724	0.000%	$5.0M	$876K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4720	−0.081%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4726	+0.040%	$338	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0319%	1h	0.4729	+0.108%	$930K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4733	+0.191%	$281K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0821%	1h	0.4739	+0.318%	$52.9M	$43.5M	10x	as long as short
Lighter WLD	+0.0968%	1h	0.4739	+0.324%	$5.4M	$2.0M	10x	as long as short