Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.040%

Price spread now: Deribit against SunX−0.131%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1011.010% of the position

Long on SunX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.194%−$19 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.131%, 7d avg −0.110%

Together, before fees−0.192%−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.021% cheaper against SunX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.110%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4587	0.0100	pay 0.0100% / 8h	27m 58s	$22K	$1.5M	50x
Short	Deribit WLD_USDC-PERPETUAL	0.4581	0	get 0.0000% / 1h	27m 58s	$113K	$885K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$21
Price spread: −0.131% → −0.110%: −$2.12
Slippage, 4 orders: −$85.98
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$124.11
Costs to cover: 1.010%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Deribit: live order book, 51 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, 7 min ago	29.45 bp	39.4 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 51 min ago	4.37 bp	7.9 bp −$8	13.9 bp −$139	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	−0.0201%	8h	0.4582	−0.109%	$63K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4584	−0.066%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4581	−0.131%	$113K	$885K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4581	−0.127%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0011%	8h	0.4576	−0.240%	$6.9M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0029%	8h	0.4580	−0.153%	$28K	$908K	10x	as long as short
Nado WLD-PERP	+0.0048%	1h	0.4579	−0.164%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4579	−0.167%	$189K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4583	−0.095%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4579	−0.176%	$86.3M	$301.5M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4577	−0.218%	$65.5M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4578	−0.196%	$34.2M	$142.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4577	−0.218%	$7.4M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4578	−0.196%	$45.7M	$52.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4576	−0.240%	$30.2M	$25.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4578	−0.196%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4581	−0.137%	$129K	$272K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4586	−0.022%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4578	−0.186%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4588	+0.013%	$619K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	−0.087%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4584	−0.074%	$45K	$1.6M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4587	long leg	$22K	$1.5M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4580	−0.153%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4585	−0.044%	$854K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4580	−0.153%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4575	−0.269%	$234K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4581	−0.142%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4581	−0.124%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4579	−0.164%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4585	−0.044%	$4.9M	$824K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4580	−0.152%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4586	−0.022%	$328	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.109%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4587	0.000%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0487%	1h	0.4585	−0.046%	$49.7M	$43.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0718%	1h	0.4582	−0.106%	$905K	$2.7M	50x	as long as short
Lighter WLD	+0.1440%	1h	0.4590	+0.059%	$5.2M	$2.0M	10x	as long as short