Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Variational Omni against KuCoin−0.203%7-day average −0.030% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 7 days+0.193%+$19 · spread now −0.203%, 7d avg −0.030%

Together, before fees+0.207%+ Points / potential airdropVariational Omni: Active · farm board+$21 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: Variational Omni is 0.173% cheaper against KuCoin than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4521	0.0100	pay 0.0100% / 8h	13m 26s	$6.6M	$11.6M	50x
Short	Variational Omni WLD	0.4512	0.0100	get 0.0100% / 8h	13m 26s	$2.1M	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now −0.203%Rate

Funding earned: $0
Price spread: −0.203% → −0.030%: −$17.31
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$29.31
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 5 min ago	1.11 bp	18.8 bp −$19	41.1 bp −$411	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	4.43 bp	doesn't fit	15.5 bp −$155	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
Injective WLD/USDC PERP	−0.0309%	1h	0.4508	−0.288%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0017%	1h	0.4523	+0.055%	$235K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4521	−0.003%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4517	−0.088%	$51K	$4.6M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4520	−0.020%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4521	0.000%	$27K	$668K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4525	+0.087%	$229K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4520	−0.020%	$54K	$546K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4521	0.000%	$86.7M	$333.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4519	−0.044%	$64.0M	$89.5M	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	0.4520	−0.022%	$34.2M	$151.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4521	0.000%	$7.1M	$35.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4521	0.000%	$41.5M	$57.0M	300x	as long as short
KuCoin WLDUSDTMlong	+0.0100%	8h	0.4521	long leg	$6.6M	$11.6M	50x
Bitget WLDUSDT	+0.0100%	8h	0.4522	+0.022%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4521	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4526	+0.106%	$132K	$298K	10x	as long as short
Variational Omni WLDshort	+0.0100%	8h	0.4512	−0.203%	$2.1M	$1.5M	—
edgeX WLDUSDC	+0.0100%	4h	0.4513	−0.182%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4519	−0.045%	$595K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4512	−0.199%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4525	+0.077%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4521	0.000%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4523	+0.044%	$221	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4518	−0.066%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4523	+0.044%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4517	−0.090%	$208K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4525	+0.096%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4520	−0.025%	—	—	20x	as long as short
Lighter WLD	+0.0176%	1h	0.4525	+0.086%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4507	−0.305%	$4K	$43K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0192%	1h	0.4525	+0.088%	$136K	$986K	25x	as long as short
01 Exchange WLDUSD	+0.0216%	1h	0.4527	+0.135%	$324	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4511	−0.219%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4510	−0.243%	$4.8M	$901K	75x	as long as short
Hyperliquid WLD	+0.0402%	1h	0.4527	+0.135%	$50.3M	$43.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4525	+0.088%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0456%	1h	0.4525	+0.094%	$867K	$2.8M	50x	as long as short