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 +0.014%

Price spread now: SunX against Binance−0.301%46s7-day average +0.147% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as 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−$1041.037% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.666%+$67 · spread now −0.301%, 7d avg +0.147%

Together, before fees+0.775%+$78 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: SunX is 0.448% cheaper against Binance than usual: you would sell low and buy high, −$45 on $10k if it goes back to its 7-day average of +0.147%. The two prices were read 46 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	Binance WLDUSDT	0.4500	0.0100	pay 0.0100% / 8h	2h 22m	$85.7M	$338.0M	75x
Short	SunX WLD-USDT	0.4486	0.0100	get 0.0100% / 8h	2h 22m	$22K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now −0.301%Rate

Funding earned: $0
Price spread: −0.301% → +0.147%: −$44.78
Slippage, 4 orders: −$85.66
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$148.45
Costs to cover: 1.037%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; SunX: live order book, 13 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 Binance live order book, 6 min ago	1.12 bp	7.1 bp −$7	13.9 bp −$139	59.7 bp −$5,970	236.0 bp −$118.0K
Sell SunX live order book, 13 min ago	29.88 bp	48.3 bp −$48	doesn't fit	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	−0.0054%	1h	0.4481	−0.401%	$241K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4489	−0.228%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4484	−0.345%	$69K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4485	−0.323%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4483	−0.370%	$65K	—	150x	as long as short
Polymarket Perps WLD-USD	+0.0038%	1h	0.4479	−0.452%	$41K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0040%	1h	0.4498	−0.025%	$322	$55	5x	as long as short
KuCoin WLDUSDTM	+0.0048%	8h	0.4496	−0.079%	$6.7M	$11.9M	50x	as long as short
Lighter WLD	+0.0096%	1h	0.4495	−0.105%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4482	−0.390%	$28K	$798K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4495	−0.107%	$224K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4495	−0.105%	$50K	$542K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4500	long leg	$85.7M	$338.0M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4501	+0.033%	$64.1M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4500	+0.010%	$34.0M	$153.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4498	−0.034%	$7.3M	$37.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4499	−0.012%	$39.1M	$55.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4498	−0.034%	$29.6M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4499	−0.012%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4488	−0.254%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4475	−0.551%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4470	−0.651%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4485	−0.328%	$592K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4473	−0.590%	$48K	$240K	50x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4486	−0.301%	$22K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4484	−0.345%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4481	−0.412%	$820K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4486	−0.301%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4496	−0.089%	$220K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4484	−0.339%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4480	−0.439%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4480	−0.436%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.299%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4482	−0.395%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4488	−0.256%	$4.8M	$920K	75x	as long as short
Hyperliquid WLD	+0.0252%	1h	0.4494	−0.134%	$48.6M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0505%	1h	0.4486	−0.308%	$853K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4497	−0.056%	$273K	$1.6M	50x	as long as short