Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: ApeX Omni against KuCoin−0.155%7-day average +0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$690.691% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.791%+$79 · spread now −0.155%, 7d avg +0.074%

Together, before fees+0.879%+$88 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: ApeX Omni is 0.229% cheaper against KuCoin than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4511	0.0100	pay 0.0100% / 8h	7h 37m	$6.6M	$11.6M	50x
Short	ApeX Omni WLDUSDT	0.4504	0.0100	get 0.0013% / 1h	37m 20s	$48K	$237K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.155%Rate

Funding earned: $0
Price spread: −0.155% → +0.074%: −$22.91
Slippage, 4 orders: −$47.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$91.99
Costs to cover: 0.691%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; ApeX Omni: live order book, 59 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 KuCoin live order book, 1 min ago	2.22 bp	19.9 bp −$20	37.9 bp −$379	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 59 min ago	7.75 bp	15.9 bp −$16	110.5 bp −$1,105	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
Nado WLD-PERP	−0.0017%	1h	0.4512	+0.022%	$234K	$175K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4510	−0.022%	$36K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4513	+0.044%	$118K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4511	−0.003%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4511	0.000%	$27K	$596K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4512	+0.012%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4512	+0.032%	$54K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4511	+0.001%	$86.3M	$333.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4508	−0.067%	$63.7M	$89.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4510	−0.022%	$34.2M	$149.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLD_USDT	+0.0100%	8h	0.4510	−0.022%	$7.1M	$34.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4512	+0.022%	$42.4M	$55.9M	300x	as long as short
KuCoin WLDUSDTMlong	+0.0100%	8h	0.4511	long leg	$6.6M	$11.6M	50x
Bitget WLDUSDT	+0.0100%	8h	0.4509	−0.044%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4511	0.000%	—	$20.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4510	−0.022%	$131K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4501	−0.227%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4504	−0.146%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4503	−0.177%	$600K	$2.1M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4504	−0.155%	$48K	$237K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4514	+0.060%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4518	+0.155%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4510	−0.022%	$217	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4507	−0.089%	$823K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4512	+0.022%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4508	−0.060%	$207K	$876K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4512	+0.019%	$31K	$500	3x	as long as short
dYdX WLD-USD	+0.0105%	1h	0.4510	−0.027%	$154K	$32K	10x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.067%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4511	−0.005%	—	—	20x	as long as short
Hyperliquid WLD	+0.0140%	1h	0.4517	+0.135%	$50.0M	$43.1M	10x	as long as short
01 Exchange WLDUSD	+0.0176%	1h	0.4515	+0.095%	$323	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4514	+0.069%	$4K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4511	+0.003%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4514	+0.067%	$4.4M	$909K	75x	as long as short
Lighter WLD	+0.0232%	1h	0.4516	+0.102%	$4.9M	$2.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0303%	1h	0.4513	+0.047%	$867K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4513	+0.044%	$268K	$1.6M	50x	as long as short