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 +0.005%

Price spread now: SunX against BingX0.000%7-day average +0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1011.008% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.436%+$44 · spread now 0.000%, 7d avg +0.159%

Together, before fees+0.449%+$45 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 0.159% cheaper against BingX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLD-USDT	0.4522	0.0100	pay 0.0100% / 8h	3h 11m	—	$67.8M	—
Short	SunX WLD-USDT	0.4522	0.0100	get 0.0100% / 8h	3h 11m	$22K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.159%: −$15.89
Slippage, 4 orders: −$82.76
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$116.65
Costs to cover: 1.008%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; SunX: live order book, 3 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 BingX live order book, 12 min ago	2.21 bp	8.5 bp −$9	11.7 bp −$117	29.7 bp −$2,967	131.8 bp −$65.9K
Sell SunX live order book, 3 min ago	29.72 bp	46.2 bp −$46	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	−0.0025%	1h	0.4521	−0.011%	$240K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4523	+0.026%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4520	−0.044%	$65K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4521	−0.022%	$118K	$986K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4521	−0.027%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0032%	8h	0.4523	+0.022%	$6.8M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4520	−0.044%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4524	+0.050%	$211K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4524	+0.044%	$50K	$526K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4522	−0.001%	$86.2M	$331.7M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4520	−0.044%	$64.2M	$90.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4523	+0.022%	$34.1M	$151.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4521	−0.022%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4523	+0.022%	$40.1M	$55.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4522	0.000%	$29.8M	$30.2M	75x	as long as short
BingX WLD-USDTlong	+0.0100%	8h	0.4522	long leg	—	$67.8M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4521	−0.027%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4533	+0.237%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4538	+0.356%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4539	+0.376%	$602K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4544	+0.487%	$48K	$241K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4518	−0.095%	$54K	$2.2M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4522	0.000%	$22K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4520	−0.044%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4518	−0.088%	$826K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4520	−0.044%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4519	−0.073%	$214K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4522	−0.006%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4517	−0.105%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4538	+0.354%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4532	+0.230%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4524	+0.044%	$4.8M	$878K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4521	−0.017%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4521	−0.029%	$323	$55	5x	as long as short
Hyperliquid WLD	+0.0327%	1h	0.4527	+0.113%	$49.4M	$43.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0525%	1h	0.4521	−0.021%	$868K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4525	+0.066%	$263K	$1.6M	50x	as long as short
Lighter WLD	+0.0752%	1h	0.4528	+0.135%	$4.9M	$2.9M	10x	as long as short