Funding you earn now, next payment 05:00 UTC−0.0436%/8h= −47.7% APRpaid last 24h −0.071%
Price spread now: SunX against Coinbase International−0.089%7-day average +0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1261.262% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)+0.401%+$40 · spread now −0.089%, 7d avg +0.083%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and SunX is 0.171% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.083%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International WLD-PERP-INTX | 0.4518 | 0.0536 | pay 0.0067% / 1h | 20m 41s | $275K | $1.7M | 50x |
| Short | SunX WLD-USDT | 0.4514 | 0.0100 | get 0.0100% / 8h | 2h 20m | $22K | $1.6M | 50x |
Coinbase International WLD-PERP-INTX
SunX WLD-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$91.56
- Price spread: −0.089% → +0.083%
- −$17.12
- Slippage, 4 orders
- −$108.25
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$234.93
- Costs to cover
- 1.262%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; SunX: live order book, 4 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 Coinbase International live order book, 3 min ago | 6.69 bp | 25.5 bp −$26 | 33.9 bp −$339 | doesn't fit | doesn't fit |
| Sell SunX live order book, 4 min ago | 28.97 bp | 45.6 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 | −0.0056% | 1h | 0.4514 | −0.089% | $242K | $207K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4522 | +0.082% | $154K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4512 | −0.133% | $59K | $4.8M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4513 | −0.116% | $65K | — | 150x | as long as short |
| 01 Exchange WLDUSD | +0.0040% | 1h | 0.4522 | +0.100% | $324 | $55 | 5x | as long as short |
| Polymarket Perps WLD-USD | +0.0047% | 1h | 0.4513 | −0.115% | $43K | $2.4M | 10x | as long as short |
| KuCoin WLDUSDTM | +0.0050% | 8h | 0.4521 | +0.066% | $6.7M | $11.9M | 50x | as long as short |
| Lighter WLD | +0.0096% | 1h | 0.4528 | +0.212% | $4.9M | $2.9M | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4510 | −0.177% | $28K | $798K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4519 | +0.023% | $225K | $1.1M | 50x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
01 Exchange WLDUSD
Polymarket Perps WLD-USD
KuCoin WLDUSDTM
Lighter WLD
Orderly PERP_WLD_USDC
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4523 | +0.111% | $50K | $542K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4523 | +0.111% | $86.1M | $338.2M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4521 | +0.066% | $64.4M | $91.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4522 | +0.089% | $34.2M | $153.8M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4524 | +0.133% | $7.4M | $37.4M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4525 | +0.155% | $39.0M | $55.9M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4524 | +0.133% | $29.8M | $30.9M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4524 | +0.133% | — | $70.1M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4511 | −0.157% | $134K | $300K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4510 | −0.183% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4484 | −0.763% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4491 | −0.602% | $599K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4482 | −0.797% | $48K | $240K | 50x | as long as short |
| SunX WLD-USDTshort | +0.0100% | 8h | 0.4514 | −0.089% | $22K | $1.6M | 50x | |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4508 | −0.221% | $205 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4511 | −0.155% | $826K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4508 | −0.221% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4523 | +0.116% | $221K | $999K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4510 | −0.169% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4514 | −0.083% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0142% | 1h | 0.4514 | −0.080% | $5K | $52K | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0176% | 1h | 0.4513 | −0.111% | $6K | $185K | 5.5x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0194% | 1h | 0.4511 | −0.155% | $144K | $1.0M | 25x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4511 | −0.151% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4507 | −0.243% | $4.8M | $915K | 75x | as long as short |
| Hyperliquid WLD | +0.0253% | 1h | 0.4527 | +0.201% | $48.9M | $44.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0503% | 1h | 0.4510 | −0.186% | $858K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTXlong | +0.0536% | 1h | 0.4518 | long leg | $275K | $1.7M | 50x |
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
Injective WLD/USDC PERP
Deribit WLD_USDC-PERPETUAL
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Kraken Futures PF_WLDUSD