Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h −0.017%

Price spread now: SunX against Hyperliquid+0.149%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$1001.003% of the position

Long on Hyperliquid Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.229%+$23 · spread now +0.149%, 7d avg +0.046%

Together, before fees+0.230%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.103% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.149% now, against its 7-day average of +0.046%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLD	0.4549	0.0134	pay 0.0017% / 1h	39m 53s	$47.1M	$40.6M	10x
Short	SunX WLD-USDT	0.4556	0.0100	get 0.0100% / 8h	2h 39m	$23K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Hyperliquid. 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 HyperliquidbpFee SunXbpOrdersPrice spread, now +0.149%Rate

Funding earned: −$7.12
Price spread: +0.149% → +0.046%: $10.35
Slippage, 4 orders: −$83.27
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$97.04
Costs to cover: 1.003%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; SunX: live order book, 5 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 Hyperliquid live order book, 3 min ago	0.11 bp	6.1 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	29.67 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
Kalshi KXWLDPERP	−0.0586%	8h	0.4550	+0.018%	$26K	$3.8M	1.7x	as long as short
Variational Omni WLD	−0.0037%	8h	0.4543	−0.147%	$2.1M	$1.6M	—	as long as short
Orderly PERP_WLD_USDC	−0.0028%	8h	0.4551	+0.040%	$28K	$918K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4549	−0.005%	$155K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4553	+0.084%	$139K	$808K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4551	+0.031%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0013%	8h	0.4552	+0.062%	$7.1M	$10.7M	50x	as long as short
Phoenix WLD	+0.0052%	1h	0.4543	−0.134%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0056%	8h	0.4546	−0.070%	$34.1M	$137.6M	50x	as long as short
Nado WLD-PERP	+0.0056%	1h	0.4550	+0.007%	$272K	$168K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0091%	8h	0.4548	−0.026%	$65.5M	$79.7M	50x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4554	+0.105%	$209K	$976K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4548	−0.026%	$53K	$473K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4550	+0.016%	$86.1M	$291.3M	75x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4550	+0.018%	$7.4M	$34.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4551	+0.040%	$52.8M	$46.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4546	−0.070%	$30.1M	$25.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4549	−0.004%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4556	+0.158%	$128K	$278K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4547	−0.038%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4538	−0.240%	$613K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4539	−0.224%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4552	+0.053%	$55K	$1.7M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4556	+0.149%	$23K	$1.5M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4552	+0.062%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4548	−0.026%	$858K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4553	+0.084%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4550	+0.028%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4553	+0.091%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4551	+0.049%	—	—	20x	as long as short
Hyperliquid WLDlong	+0.0134%	1h	0.4549	long leg	$47.1M	$40.6M	10x
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4551	+0.033%	$12K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4543	−0.136%	$5.0M	$800K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.600%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4558	+0.193%	$285K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0512%	1h	0.4551	+0.048%	$326	$77	5x	as long as short
Lighter WLD	+0.1032%	1h	0.4563	+0.308%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1095%	1h	0.4555	+0.126%	$927K	$2.6M	50x	as long as short