Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0207%/8h= +22.7% APRpaid last 24h +0.274%

Price spread now: GMX against SunX−0.033%7-day average — · you buy dearer than you sell

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

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.033% cheaper against SunX than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4537	0.0100	pay 0.0100% / 8h	2h 35m	$23K	$1.5M	50x
Short	GMX WLD/USD [ETH-USDC]	0.4535	L +0.0217% / S −0.0307%	get 0.0038% / 1h	35m 40s	$12K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $43.5
Price spread: −0.033% → 0.000%: −$3.33
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $20.17
Costs to cover: 0.200%
Break-even: 3.8 days

Slippage unknown: SunX: live order book, 9 min ago; GMX: no order-book sample. 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 SunX live order book, 9 min ago	29.67 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0557%	8h	0.4532	−0.110%	$44K	$3.8M	1.7x	as long as short
Variational Omni WLD	−0.0037%	8h	0.4543	+0.122%	$2.1M	$1.6M	—	as long as short
Orderly PERP_WLD_USDC	−0.0026%	8h	0.4534	−0.066%	$28K	$918K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4540	+0.062%	$155K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4535	−0.044%	$129K	$896K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4534	−0.075%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0015%	8h	0.4536	−0.022%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0049%	1h	0.4535	−0.033%	$271K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4536	−0.029%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0061%	8h	0.4540	+0.066%	$34.0M	$137.5M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0098%	8h	0.4540	+0.066%	$65.1M	$80.1M	50x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4539	+0.037%	$47.0M	$40.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4535	−0.055%	$214K	$981K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4540	+0.063%	$50K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4538	+0.022%	$85.7M	$291.6M	75x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4534	−0.066%	$7.4M	$34.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4539	+0.044%	$52.6M	$47.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4538	+0.022%	$30.0M	$25.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4540	+0.066%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4531	−0.132%	$128K	$274K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4544	+0.163%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4543	+0.134%	$613K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4542	+0.110%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4536	−0.026%	$54K	$1.7M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4537	long leg	$23K	$1.5M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4528	−0.198%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4539	+0.044%	$856K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4529	−0.176%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4528	−0.198%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4534	−0.069%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4536	−0.025%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0217% / S −0.0307%	1h	0.4535	−0.033%	$12K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4545	+0.176%	$4.9M	$802K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.873%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4533	−0.088%	$280K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0472%	1h	0.4538	+0.013%	$325	$77	5x	as long as short
Lighter WLD	+0.1072%	1h	0.4547	+0.229%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1101%	1h	0.4530	−0.155%	$919K	$2.6M	50x	as long as short