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 −0.025%

Price spread now: Bybit against SunX−0.152%7-day average −0.171% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1081.078% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 4 days (all we have)−0.802%−$80 · spread now −0.152%, 7d avg −0.171%

Together, before fees−0.907%−$91 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4595	0.0100	pay 0.0100% / 8h	4h 53m	$23K	$1.6M	50x
Short	Bybit WLDUSDT	0.4588	0.0100	get 0.0100% / 8h	4h 53m	$65.4M	$88.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.152%Rate

Funding earned: $0
Price spread: −0.152% → −0.171%: $1.83
Slippage, 4 orders: −$88.79
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$105.95
Costs to cover: 1.078%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; Bybit: 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 SunX live order book, 11 min ago	29.55 bp	38.4 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.09 bp	11.5 bp −$11	24.0 bp −$240	106.9 bp −$10.7K	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	−0.0110%	8h	0.4592	−0.065%	$58K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0079%	1h	0.4591	−0.098%	$243K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0025%	8h	0.4587	−0.174%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4594	−0.029%	$157K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4591	−0.087%	$116K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4592	−0.068%	$55K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	−0.805%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0032%	1h	0.4592	−0.061%	$329	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0082%	8h	0.4587	−0.174%	$28K	$889K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4593	−0.039%	$5.0M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4590	−0.099%	$181K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4592	−0.065%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4590	−0.111%	$87.1M	$327.4M	75x	as long as short
Bybit WLDUSDTshort	+0.0100%	8h	0.4588	−0.152%	$65.4M	$88.8M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4587	−0.174%	$34.4M	$149.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4590	−0.109%	$7.2M	$36.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4589	−0.131%	$44.4M	$53.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4589	−0.131%	$30.3M	$30.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4590	−0.109%	—	$67.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4591	−0.094%	$135K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4586	−0.201%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4560	−0.757%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4584	−0.249%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4562	−0.718%	$50K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4591	−0.085%	$44K	$2.1M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4595	long leg	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4589	−0.131%	$171	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.196%	$839K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4592	−0.065%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4586	−0.188%	$227K	$974K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4590	−0.120%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4592	−0.070%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4571	−0.527%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0188%	1h	0.4595	+0.004%	$50.4M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4593	−0.044%	$5.0M	$850K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4591	−0.081%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0478%	1h	0.4593	−0.038%	$888K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4588	−0.152%	$271K	$1.7M	50x	as long as short