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 0.000%

Price spread now: SunX against Phemex+0.128%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1841.842% of the position

Long on Phemex 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 3 days (all we have)+0.048%+$5 · spread now +0.128%, 7d avg +0.135%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4681	0.0100	pay 0.0100% / 8h	6h 22m	$1.9M	$3.7M	50x
Short	SunX WLD-USDT	0.4687	0.0100	get 0.0100% / 8h	6h 22m	$23K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Phemex. 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 PhemexbpFee SunXbpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → +0.135%: −$0.73
Slippage, 4 orders: −$164.18
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$184.9
Costs to cover: 1.842%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; SunX: live order book, 12 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 Phemex live order book, 6 min ago	10.69 bp	51.5 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 12 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	−1.410%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0150%	8h	0.4670	−0.235%	$50K	$4.4M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0050%	8h	0.4683	+0.043%	$7.1M	$11.5M	50x	as long as short
Nado WLD-PERP	−0.0002%	1h	0.4674	−0.139%	$271K	$189K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4686	+0.099%	$167K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4681	0.000%	$114K	$910K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4677	−0.089%	$56K	—	150x	as long as short
Gate WLD_USDT	+0.0030%	8h	0.4681	0.000%	$7.3M	$37.7M	75x	as long as short
Orderly PERP_WLD_USDC	+0.0059%	8h	0.4679	−0.043%	$28K	$897K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4715	+0.718%	$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	0.4681	+0.003%	$180K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4685	+0.090%	$56K	$506K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4686	+0.104%	$89.0M	$324.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4686	+0.107%	$66.9M	$87.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4687	+0.128%	$35.3M	$153.3M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4690	+0.192%	$46.5M	$55.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4690	+0.192%	$31.2M	$29.4M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4685	+0.085%	—	$67.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4683	+0.047%	$139K	$294K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4705	+0.507%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4708	+0.566%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4686	+0.107%	$622K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4695	+0.299%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4677	−0.094%	$56K	$2.1M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4687	+0.128%	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4680	−0.021%	$223	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4675	−0.128%	$883K	$1.8M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4681	long leg	$1.9M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4691	+0.208%	$216K	$886K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4682	+0.011%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4675	−0.134%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4677	−0.085%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4679	−0.051%	$335	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4678	−0.064%	$279K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0566%	1h	0.4693	+0.246%	$52.2M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0639%	1h	0.4684	+0.065%	$914K	$2.9M	50x	as long as short
Lighter WLD	+0.0832%	1h	0.4691	+0.214%	$5.3M	$2.1M	10x	as long as short