Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0076%/8h= −8.4% APRpaid last 24h −0.026%

Price spread now: SunX against Injective0.000%61s7-day average −0.072% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)+0.165%+$17 · spread now 0.000%, 7d avg −0.072%

Together, before fees+0.235%+$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.072% dearer against Injective than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.072%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.070%, so the current rate has only just turned against you. The two prices were read 61 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	Injective WLD/USDC PERP	0.4513	0.0176	pay 0.0022% / 1h	21m 44s	$6K	$185K	5.5x
Short	SunX WLD-USDT	0.4513	0.0100	get 0.0100% / 8h	2h 21m	$22K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Injective. 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 InjectivebpFee SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$16.05
Price spread: 0.000% → −0.072%: $7.19
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$16.88
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 57 min ago; SunX: live order book, 3 min ago. Net counts fees only.

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 Injective live order book, 57 min ago	71.00 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 3 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	−0.0054%	1h	0.4500	−0.299%	$242K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4512	−0.018%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4495	−0.399%	$64K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4502	−0.244%	$65K	—	150x	as long as short
01 Exchange WLDUSD	+0.0040%	1h	0.4498	−0.324%	$322	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0043%	1h	0.4500	−0.299%	$44K	$2.4M	10x	as long as short
KuCoin WLDUSDTM	+0.0049%	8h	0.4512	−0.022%	$6.7M	$11.9M	50x	as long as short
Lighter WLD	+0.0096%	1h	0.4516	+0.064%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4506	−0.155%	$28K	$798K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4510	−0.062%	$225K	$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	0.4514	+0.011%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4516	+0.057%	$86.0M	$338.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4513	0.000%	$64.2M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4514	+0.022%	$34.1M	$153.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4512	−0.022%	$7.4M	$37.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4514	+0.022%	$38.9M	$55.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4514	+0.022%	$29.7M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4514	+0.022%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4513	−0.002%	$134K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4475	−0.847%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4470	−0.947%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4485	−0.625%	$592K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4473	−0.886%	$48K	$240K	50x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4513	0.000%	$22K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4509	−0.089%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4501	−0.266%	$824K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4510	−0.066%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4512	−0.017%	$220K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4509	−0.095%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4500	−0.282%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4480	−0.733%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERPlong	+0.0176%	1h	0.4513	long leg	$6K	$185K	5.5x
Deribit WLD_USDC-PERPETUAL	+0.0194%	1h	0.4508	−0.111%	$144K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4502	−0.235%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4488	−0.554%	$4.8M	$920K	75x	as long as short
Hyperliquid WLD	+0.0255%	1h	0.4514	+0.020%	$48.8M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0502%	1h	0.4511	−0.041%	$858K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4505	−0.177%	$274K	$1.7M	50x	as long as short