Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.016%

Price spread now: ApeX Omni against MEXC−0.924%96s7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as 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−$350.345% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 3 days (all we have)+1.560%+$156 · spread now −0.924%, 7d avg +0.063%

Together, before fees+1.687%+$169 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.987% cheaper against MEXC than usual: you would sell low and buy high (spread −0.924% now, against its 7-day average of +0.063%). If the spread goes back, that is −$99 on $10k: about 31 days of funding at the current rate (+$3 a day). The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4546	−0.0007	get 0.0007% / 8h	3h 31m	$51.1M	$43.2M	300x
Short	ApeX Omni WLDUSDT	0.4504	0.0100	get 0.0013% / 1h	31m 51s	$62K	$222K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.924%Rate

Funding earned: $22.47
Price spread: −0.924% → +0.063%: −$98.71
Slippage, 4 orders: −$24.52
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$110.76
Costs to cover: 0.345%
Break-even: 41.5 days

Slippage from MEXC: live order book, 3 min ago; ApeX Omni: live order book, 15 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 MEXC live order book, 3 min ago	1.11 bp	1.1 bp −$1	1.2 bp −$12	15.5 bp −$1,546	58.0 bp −$29.0K
Sell ApeX Omni live order book, 15 min ago	7.85 bp	15.8 bp −$16	98.2 bp −$982	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
Variational Omni WLD	−0.0178%	8h	0.4494	−1.153%	$2.1M	$1.4M	—	as long as short
Phoenix WLD	−0.0091%	1h	0.4514	−0.695%	$2K	$47K	10x	as long as short
Bybit WLDUSDT	−0.0074%	8h	0.4551	+0.110%	$66.3M	$72.2M	50x	as long as short
Nado WLD-PERP	−0.0038%	1h	0.4546	0.000%	$356K	$146K	5x	as long as short
Orderly PERP_WLD_USDC	−0.0037%	8h	0.4548	+0.044%	$28K	$923K	10x	as long as short
OKX WLD-USDT-SWAP	−0.0020%	8h	0.4549	+0.066%	$34.3M	$129.2M	50x	as long as short
KuCoin WLDUSDTM	−0.0014%	8h	0.4538	−0.176%	$7.4M	$10.1M	50x	as long as short
MEXC WLD_USDTlong	−0.0007%	8h	0.4546	long leg	$51.1M	$43.2M	300x
Binance WLDUSDT	−0.0003%	8h	0.4547	+0.015%	$83.9M	$271.1M	75x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4542	−0.086%	$155K	$6K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXWLDPERP	0.0000%	8h	0.4540	−0.132%	$39K	$3.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4549	+0.066%	$125K	$716K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4546	+0.010%	$59K	—	150x	as long as short
Aevo WLD-PERP	+0.0080%	1h	0.4550	+0.077%	$31K	$5K	3x	as long as short
Gate WLD_USDT	+0.0097%	8h	0.4548	+0.044%	$7.4M	$33.3M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4549	+0.066%	$45.9M	$37.8M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4547	+0.011%	$238K	$913K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4542	−0.082%	$55K	$466K	5x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4540	−0.132%	$29.9M	$24.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4545	−0.022%	—	$67.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4550	+0.081%	$132K	$275K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4487	−1.294%	$26K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4485	−1.342%	$602K	$1.9M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4504	−0.924%	$62K	$222K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4546	+0.004%	$58K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4553	+0.154%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4547	+0.022%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4539	−0.154%	$839K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4548	+0.044%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4543	−0.067%	$143K	$714K	10x	as long as short
Injective WLD/USDC PERP	+0.0112%	1h	0.4490	−1.232%	$6K	$90K	5.5x	as long as short
BloFin WLD-USDT	+0.0113%	8h	0.4541	−0.110%	$4.8M	$880K	75x	as long as short
01 Exchange WLDUSD	+0.0120%	1h	0.4550	+0.088%	$326	$77	5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4545	−0.014%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0216% / S −0.1712%	1h	0.4546	−0.002%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0296%	1h	0.4555	+0.198%	$277K	$1.5M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0367%	1h	0.4551	+0.108%	$912K	$2.3M	50x	as long as short
Lighter WLD	+0.0768%	1h	0.4557	+0.246%	$5.2M	$1.6M	10x	as long as short