Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: BingX against SunX−0.649%7-day average −0.164% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1021.016% of the position

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 3 days (all we have)−0.281%−$28 · spread now −0.649%, 7d avg −0.164%

Together, before fees−0.295%−$29 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: BingX is 0.486% cheaper against SunX than usual: you would sell low and buy high, −$49 on $10k if it goes back to its 7-day average of −0.164%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4621	0.0100	pay 0.0100% / 8h	2h 54m	$23K	$1.5M	50x
Short	BingX WLD-USDT	0.4591	0.0100	get 0.0100% / 8h	2h 54m	—	$67.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SunX. 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 SunXbpFee BingXbpOrdersPrice spread, now −0.649%Rate

Funding earned: $0
Price spread: −0.649% → −0.164%: −$48.55
Slippage, 4 orders: −$83.64
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$150.19
Costs to cover: 1.016%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; BingX: live order book, 14 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 SunX live order book, 10 min ago	30.24 bp	39.0 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	2.18 bp	7.2 bp −$7	8.7 bp −$87	26.5 bp −$2,654	91.7 bp −$45.8K

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	−0.0340%	8h	0.4618	−0.065%	$31K	$3.7M	1.7x	as long as short
Phoenix WLD	−0.0091%	1h	0.4637	+0.355%	$5K	$52K	10x	as long as short
Variational Omni WLD	−0.0069%	8h	0.4630	+0.205%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0029%	8h	0.4619	−0.043%	$28K	$921K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4594	−0.584%	$157K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4621	0.000%	$156K	$781K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4618	−0.054%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0013%	8h	0.4597	−0.519%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0033%	8h	0.4587	−0.736%	$34.8M	$137.4M	50x	as long as short
Bybit WLDUSDT	+0.0058%	8h	0.4596	−0.541%	$67.6M	$78.7M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLD-PERP	+0.0076%	1h	0.4619	−0.032%	$357K	$127K	5x	as long as short
MEXC WLD_USDT	+0.0086%	8h	0.4593	−0.606%	$54.3M	$46.2M	300x	as long as short
Binance WLDUSDT	+0.0087%	8h	0.4596	−0.539%	$87.8M	$288.6M	75x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4607	−0.306%	$211K	$977K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4596	−0.531%	$55K	$475K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4591	−0.649%	$7.5M	$33.9M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4588	−0.714%	$30.3M	$24.9M	75x	as long as short
BingX WLD-USDTshort	+0.0100%	8h	0.4591	−0.649%	—	$67.9M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4619	−0.052%	$131K	$282K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4629	+0.178%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4633	+0.267%	$627K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4632	+0.238%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4617	−0.097%	$57K	$1.7M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4621	long leg	$23K	$1.5M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4620	−0.022%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4618	−0.065%	$869K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4620	−0.022%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4594	−0.583%	$134K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4621	0.000%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4615	−0.128%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0207%	8h	0.4616	−0.108%	$5.0M	$884K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0223% / S −0.1831%	1h	0.4618	−0.060%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0240%	1h	0.4628	+0.160%	$331	$77	5x	as long as short
Hyperliquid WLD	+0.0357%	1h	0.4606	−0.335%	$47.9M	$40.3M	10x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+0.022%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4628	+0.151%	$280K	$1.6M	50x	as long as short
Lighter WLD	+0.0872%	1h	0.4607	−0.292%	$5.1M	$1.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1079%	1h	0.4622	+0.024%	$927K	$2.5M	50x	as long as short