Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.026%

Price spread now: ApeX Omni against Orderly+0.110%7-day average +0.040% · you sell dearer than you buy

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

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$14 on $10k

Price spread, last 4 days (all we have)−0.301%−$30 · spread now +0.110%, 7d avg +0.040%

Together, before fees−0.156%−$16 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 0.071% dearer against Orderly than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WLD_USDC	0.4526	0.0098	pay 0.0098% / 8h	1h 00m	$27K	$736K	10x
Short	ApeX Omni WLDUSDT	0.4531	0.0100	get 0.0013% / 1h	0m 47s	$48K	$239K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now +0.110%Rate

Funding earned: $0.35
Price spread: +0.110% → +0.040%: $7.06
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$8.59
Costs to cover: 0.160%
Break-even: 180.6 days

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 41 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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 41 min ago	8.82 bp	18.0 bp −$18	105.3 bp −$1,053	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0020%	1h	0.4526	−0.011%	$236K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4527	+0.024%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4525	−0.022%	$57K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4526	0.000%	$150K	$954K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4526	−0.005%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDClong	+0.0098%	8h	0.4526	long leg	$27K	$736K	10x
Aster WLDUSDT	+0.0100%	8h	0.4525	−0.019%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4528	+0.040%	$49K	$537K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4522	−0.086%	$86.3M	$334.7M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4521	−0.110%	$64.4M	$89.3M	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	0.4521	−0.110%	$34.2M	$151.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4521	−0.110%	$7.1M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4523	−0.066%	$40.0M	$57.8M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4521	−0.110%	$6.6M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4522	−0.088%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4523	−0.066%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4526	−0.011%	$132K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4522	−0.095%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4529	+0.073%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4534	+0.177%	$597K	$2.1M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4531	+0.110%	$48K	$239K	50x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4526	−0.011%	$46K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4531	+0.110%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4524	−0.044%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4523	−0.066%	$827K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4526	0.000%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4520	−0.127%	$208K	$945K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4525	−0.017%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.215%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4525	−0.027%	—	—	20x	as long as short
Lighter WLD	+0.0136%	1h	0.4529	+0.066%	$4.9M	$2.9M	10x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4529	+0.060%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4534	+0.172%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4525	−0.023%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4525	−0.022%	$3.8M	$916K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4532	+0.133%	$273K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0491%	1h	0.4529	+0.057%	$50.3M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1046%	1h	0.4525	−0.022%	$875K	$2.8M	50x	as long as short