Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: Variational Omni against MEXC+0.441%7-day average −0.037% · you sell dearer than you buy

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%−$1 on $10k

Price spread, last 7 days−0.484%−$48 · spread now +0.441%, 7d avg −0.037%

Together, before fees−0.490%+ Points / potential airdropVariational Omni: Active · farm board−$49 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 0.477% dearer against MEXC than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4483	0.0100	pay 0.0100% / 8h	7h 31m	$41.7M	$56.3M	300x
Short	Variational Omni WLD	0.4503	0.0100	get 0.0100% / 8h	7h 31m	$2.1M	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now +0.441%Rate

Funding earned: $0
Price spread: +0.441% → −0.037%: $47.74
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $47.74
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: MEXC: live order book, 2 min ago; Variational Omni: RFQ quote, 3 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 MEXC live order book, 2 min ago	2.23 bp	3.1 bp −$3	6.2 bp −$62	25.2 bp −$2,522	77.9 bp −$39.0K
Sell Variational Omni RFQ quote, 3 min ago	4.45 bp	doesn't fit	15.6 bp −$156	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	−0.0006%	1h	0.4480	−0.067%	$232K	$175K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4485	+0.045%	$42K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4481	−0.045%	$115K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4481	−0.047%	$65K	—	150x	as long as short
Bybit WLDUSDT	+0.0052%	8h	0.4478	−0.112%	$63.3M	$88.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4480	−0.067%	$27K	$585K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4484	+0.024%	$226K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4483	−0.003%	$54K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4481	−0.048%	$85.7M	$333.1M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4479	−0.089%	$33.9M	$148.3M	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	0.4480	−0.067%	$7.0M	$34.7M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4483	long leg	$41.7M	$56.3M	300x
KuCoin WLDUSDTM	+0.0100%	8h	0.4479	−0.089%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4479	−0.089%	$29.5M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4481	−0.045%	—	$20.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4482	−0.022%	$129K	$297K	10x	as long as short
Variational Omni WLDshort	+0.0100%	8h	0.4503	+0.441%	$2.1M	$1.5M	—
edgeX WLDUSDC	+0.0100%	4h	0.4488	+0.113%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4504	+0.468%	$600K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4486	+0.067%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4483	0.000%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4485	+0.045%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4480	−0.067%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4477	−0.134%	$821K	$1.4M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4483	0.000%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4477	−0.127%	$207K	$876K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4485	+0.045%	$30K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	+0.558%	$6K	$185K	5.5x	as long as short
Hyperliquid WLD	+0.0123%	1h	0.4486	+0.076%	$49.7M	$43.1M	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4479	−0.083%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4487	+0.089%	$4.9M	$2.9M	10x	as long as short
01 Exchange WLDUSD	+0.0168%	1h	0.4485	+0.049%	$321	$55	5x	as long as short
dYdX WLD-USD	+0.0174%	1h	0.4483	+0.006%	$153K	$31K	10x	as long as short
Phoenix WLD	+0.0194%	1h	0.4487	+0.083%	$4K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4481	−0.042%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4488	+0.112%	$4.3M	$903K	75x	as long as short
Kraken Futures PF_WLDUSD	+0.0306%	1h	0.4481	−0.039%	$889K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4489	+0.134%	$266K	$1.6M	50x	as long as short