Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h +0.032%

Price spread now: SunX against Deribit+0.154%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1031.028% of the position

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.154%, 7d avg +0.109%

Together, before fees+0.162%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.045% dearer against Deribit than usual: you sell high and buy low (spread +0.154% now, against its 7-day average of +0.109%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours. Mind the row above: over the last 7 days funding on this pair paid +0.187%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4535	0.0191	pay 0.0024% / 1h	19m 20s	$145K	$1.0M	25x
Short	SunX WLD-USDT	0.4542	0.0100	get 0.0100% / 8h	2h 19m	$22K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Deribit. 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 DeribitbpFee SunXbpOrdersPrice spread, now +0.154%Rate

Funding earned: −$19.15
Price spread: +0.154% → +0.109%: $4.53
Slippage, 4 orders: −$87.79
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$117.41
Costs to cover: 1.028%
Break-even: never at this rate

Slippage from Deribit: live order book, 5 min ago; SunX: live order book, 6 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 Deribit live order book, 5 min ago	5.57 bp	9.1 bp −$9	15.1 bp −$151	doesn't fit	doesn't fit
Sell SunX live order book, 6 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	−0.0058%	1h	0.4533	−0.033%	$244K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4536	+0.026%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4510	−0.551%	$59K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4535	−0.007%	$66K	—	150x	as long as short
01 Exchange WLDUSD	+0.0048%	1h	0.4538	+0.064%	$325	$55	5x	as long as short
KuCoin WLDUSDTM	+0.0049%	8h	0.4533	−0.044%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0058%	1h	0.4534	−0.024%	$42K	$2.4M	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4538	+0.068%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4534	−0.022%	$28K	$798K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4534	−0.031%	$226K	$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	0.4535	+0.006%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4535	0.000%	$86.4M	$338.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4534	−0.022%	$64.6M	$91.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4533	−0.044%	$34.3M	$154.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4536	+0.022%	$7.2M	$37.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4535	0.000%	$39.1M	$56.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4533	−0.044%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4536	+0.022%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4532	−0.060%	$135K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4510	−0.558%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4512	−0.507%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4491	−0.975%	$599K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4482	−1.169%	$48K	$240K	50x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4542	+0.154%	$22K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4533	−0.044%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.331%	$827K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4529	−0.132%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4532	−0.071%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4531	−0.077%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4535	−0.005%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4514	−0.454%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	−0.485%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUALlong	+0.0191%	1h	0.4535	long leg	$145K	$1.0M	25x
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4534	−0.012%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4507	−0.617%	$4.8M	$915K	75x	as long as short
Hyperliquid WLD	+0.0255%	1h	0.4540	+0.119%	$49.1M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0500%	1h	0.4537	+0.034%	$864K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4538	+0.066%	$276K	$1.7M	50x	as long as short