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 +0.020%

Price spread now: SunX against GRVT+1.180%7-day average +0.197% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$1111.110% of the position

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)−0.845%−$85 · spread now +1.180%, 7d avg +0.197%

Together, before fees−0.825%+ Points / potential airdropGRVT: Active · farm board−$83 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 0.982% dearer against GRVT than usual: you sell high and buy low, +$98 on $10k if it goes back to its 7-day average of +0.197%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WLD_USDT_Perp	0.4662	0.0100	pay 0.0100% / 8h	6h 27m	$619K	$1.9M	10x
Short	SunX WLD-USDT	0.4717	0.0100	get 0.0100% / 8h	6h 27m	$23K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GRVT. 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 GRVTbpFee SunXbpOrdersPrice spread, now +1.180%Rate

Funding earned: $0
Price spread: +1.180% → +0.197%: $98.24
Slippage, 4 orders: −$94
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$12.75
Costs to cover: 1.110%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; SunX: live order book, 8 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 GRVT live order book, 1 min ago	1.07 bp	10.8 bp −$11	16.9 bp −$169	1287.4 bp −$128.7K	doesn't fit
Sell SunX live order book, 8 min ago	30.08 bp	48.8 bp −$49	doesn't fit	doesn't fit	doesn't fit

WLD on 37 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
Injective WLD/USDC PERP	−0.0235%	1h	0.4615	−1.008%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0153%	8h	0.4705	+0.922%	$46K	$4.4M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0049%	8h	0.4711	+1.051%	$7.1M	$11.5M	50x	as long as short
Nado WLD-PERP	−0.0016%	1h	0.4715	+1.142%	$274K	$189K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4718	+1.195%	$161K	$19K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4712	+1.068%	$57K	—	150x	as long as short
Gate WLD_USDT	+0.0039%	8h	0.4715	+1.137%	$7.4M	$37.6M	75x	as long as short
ApeX Omni WLDUSDT	+0.0057%	1h	0.4659	−0.064%	$51K	$237K	50x	as long as short
Orderly PERP_WLD_USDC	+0.0058%	8h	0.4709	+1.008%	$29K	$897K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4648	−0.302%	$5K	$54K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4715	+1.127%	$181K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4715	+1.128%	$57K	$506K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4710	+1.030%	$89.5M	$324.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4713	+1.094%	$67.7M	$87.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4712	+1.073%	$35.4M	$153.9M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4713	+1.094%	$47.5M	$55.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4706	+0.944%	$31.3M	$29.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4713	+1.094%	—	$67.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4696	+0.719%	$138K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4652	−0.219%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4659	−0.070%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perplong	+0.0100%	8h	0.4662	long leg	$619K	$1.9M	10x
Polymarket Perps WLD-USD	+0.0100%	1h	0.4718	+1.212%	$49K	$2.0M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4717	+1.180%	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4706	+0.944%	$227	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4708	+0.987%	$892K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4709	+1.008%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4707	+0.971%	$217K	$885K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4709	+1.019%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4717	+1.185%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0175%	1h	0.4710	+1.030%	$130K	$895K	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4712	+1.071%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4718	+1.210%	$338	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4706	+0.944%	$279K	$1.8M	50x	as long as short
Hyperliquid WLD	+0.0596%	1h	0.4725	+1.349%	$52.7M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0636%	1h	0.4707	+0.966%	$920K	$2.9M	50x	as long as short
Lighter WLD	+0.0848%	1h	0.4720	+1.240%	$5.4M	$2.1M	10x	as long as short