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% APRpaid last 24h 0.000%

Price spread now: SunX against edgeX+0.465%46s7-day average +0.180% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as 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−$1031.025% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.465%, 7d avg +0.180%

Together, before fees+0.016%+ Points / potential airdropedgeX: Active · farm board+$2 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 0.285% dearer against edgeX than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.180%. 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	edgeX WLDUSDC	0.4512	0.0100	pay 0.0050% / 4h	2h 19m	$27K	$320K	20x
Short	SunX WLD-USDT	0.4533	0.0100	get 0.0100% / 8h	2h 19m	$23K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against edgeX. 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 edgeXbpFee SunXbpOrdersPrice spread, now +0.465%Rate

Funding earned: $0
Price spread: +0.465% → +0.180%: $28.52
Slippage, 4 orders: −$85.51
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$73.99
Costs to cover: 1.025%
Break-even: never at this rate

Slippage from edgeX: live order book, 29 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 edgeX live order book, 29 min ago	4.43 bp	8.9 bp −$9	18.4 bp −$184	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	+0.476%	$244K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4536	+0.536%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4510	−0.045%	$59K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4527	+0.328%	$65K	—	150x	as long as short
01 Exchange WLDUSD	+0.0048%	1h	0.4538	+0.574%	$325	$55	5x	as long as short
KuCoin WLDUSDTM	+0.0049%	8h	0.4528	+0.354%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0058%	1h	0.4534	+0.485%	$42K	$2.4M	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4538	+0.578%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4526	+0.310%	$28K	$798K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4533	+0.475%	$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	+0.516%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4536	+0.531%	$86.4M	$338.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4536	+0.531%	$64.6M	$91.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4537	+0.554%	$34.3M	$154.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4536	+0.531%	$7.2M	$37.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4534	+0.487%	$39.1M	$56.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4535	+0.509%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4535	+0.509%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4532	+0.449%	$135K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4510	−0.051%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDClong	+0.0100%	4h	0.4512	long leg	$27K	$320K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4491	−0.470%	$599K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4482	−0.665%	$48K	$240K	50x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4533	+0.465%	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4529	+0.376%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	+0.177%	$827K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4529	+0.376%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4533	+0.469%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4526	+0.315%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4535	+0.504%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4514	+0.053%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.022%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4527	+0.327%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4507	−0.111%	$4.8M	$915K	75x	as long as short
Hyperliquid WLD	+0.0255%	1h	0.4540	+0.629%	$49.1M	$44.0M	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0413%	1h	0.4529	+0.376%	$145K	$1.0M	25x	as long as short
Kraken Futures PF_WLDUSD	+0.0500%	1h	0.4533	+0.472%	$863K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4531	+0.421%	$276K	$1.7M	50x	as long as short