Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against SunX−0.156%73s7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as 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−$1201.204% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.259%−$26 · spread now −0.156%, 7d avg −0.101%

Together, before fees−0.262%−$26 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 0.055% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.101%. The two prices were read 73 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	SunX WLD-USDT	0.4495	0.0100	pay 0.0100% / 8h	2h 30m	$22K	$1.6M	50x
Short	ApeX Omni WLDUSDT	0.4488	0.0100	get 0.0013% / 1h	30m 02s	$48K	$241K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.156%Rate

Funding earned: $0
Price spread: −0.156% → −0.101%: −$5.47
Slippage, 4 orders: −$102.41
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$125.88
Costs to cover: 1.204%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; ApeX Omni: live order book, 16 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 SunX live order book, 5 min ago	29.88 bp	38.7 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 16 min ago	8.88 bp	16.6 bp −$17	97.1 bp −$971	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	−0.0052%	1h	0.4492	−0.056%	$241K	$208K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4489	−0.138%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4489	−0.133%	$69K	$4.9M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4488	−0.156%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4491	−0.091%	$65K	—	150x	as long as short
Polymarket Perps WLD-USD	+0.0044%	1h	0.4491	−0.093%	$45K	$2.4M	10x	as long as short
KuCoin WLDUSDTM	+0.0045%	8h	0.4486	−0.200%	$6.7M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4491	−0.100%	$321	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4488	−0.156%	$28K	$818K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4492	−0.057%	$224K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4489	−0.132%	$50K	$541K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4489	−0.131%	$85.6M	$339.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4486	−0.200%	$63.8M	$92.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4487	−0.178%	$33.8M	$153.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4489	−0.133%	$7.3M	$37.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4489	−0.133%	$38.5M	$55.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4488	−0.156%	$29.5M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4489	−0.133%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4491	−0.100%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4489	−0.138%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4489	−0.128%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4497	+0.039%	$597K	$2.0M	10x	as long as short
ApeX Omni WLDUSDTshort	+0.0100%	1h	0.4488	−0.156%	$48K	$241K	50x
SunX WLD-USDTlong	+0.0100%	8h	0.4495	long leg	$22K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4488	−0.156%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4483	−0.267%	$820K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4489	−0.133%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4485	−0.216%	$220K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4488	−0.157%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4491	−0.082%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4509	+0.309%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0152%	1h	0.4494	−0.013%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.400%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4490	−0.105%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4495	0.000%	$4.8M	$921K	75x	as long as short
Hyperliquid WLD	+0.0298%	1h	0.4494	−0.020%	$48.6M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0505%	1h	0.4491	−0.084%	$856K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4497	+0.044%	$274K	$1.7M	50x	as long as short