Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0376%/8h= +41.2% APRpaid last 24h +0.039%
Price spread now: Hyperliquid against SunX+0.015%52s7-day average −0.044% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.029%+$3 on $10k
Price spread, last 4 days (all we have)−0.662%−$66 · spread now +0.015%, 7d avg −0.044%
Together, before fees−0.633%+ Points / potential airdropHyperliquid: Season 2 · farm board−$63 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.059% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.044%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX WLD-USDT0.46690.0100pay 0.0100% / 8h5h 22m$23K$1.6M50x
ShortHyperliquid WLD0.46700.0476get 0.0060% / 1h22m 31s$52.0M$42.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$79.03
Price spread: +0.015% → −0.044%
$5.88
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$67.91
Costs to cover
0.170%
Break-even
1.0 days
Slippage unknown: SunX: live order book, 13 min ago; Hyperliquid: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 13 min ago501.46 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago0.65 bp7.4 bp −$7doesn't fitdoesn't fitdoesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXWLDPERP−0.0128%8h0.4655−0.300%$46K$4.6M1.7xas long as short
KuCoin WLDUSDTM−0.0028%8h0.4662−0.150%$7.1M$11.6M50xas long as short
dYdX WLD-USD0.0000%1h0.4666−0.074%$166K$26K10xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4660−0.196%$56K150xas long as short
Nado WLD-PERP+0.0010%1h0.4662−0.150%$270K$187K5xas long as short
01 Exchange WLDUSD+0.0064%1h0.4663−0.135%$334$805xas long as short
Orderly PERP_WLD_USDC+0.0075%8h0.4664−0.107%$28K$892K10xas long as short
Aster WLDUSDT+0.0100%8h0.4664−0.098%$175K$1.0M50xas long as short
Pacifica WLD+0.0100%1h0.4667−0.036%$49K$511K5xas long as short
Binance WLDUSDT+0.0100%8h0.4660−0.201%$88.5M$325.8M75xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit WLDUSDT+0.0100%8h0.4658−0.236%$66.6M$88.1M50xas long as short
OKX WLD-USDT-SWAP+0.0100%8h0.4662−0.150%$35.2M$150.3M50xas long as short
Gate WLD_USDT+0.0100%8h0.4661−0.171%$7.3M$36.9M75xas long as short
MEXC WLD_USDT+0.0100%8h0.4665−0.086%$46.2M$54.5M300xas long as short
Bitget WLDUSDT+0.0100%8h0.4660−0.193%$30.8M$29.5M75xas long as short
BingX WLD-USDT+0.0100%8h0.4658−0.236%$67.1Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4662−0.161%$135K$292K10xas long as short
Variational Omni WLD+0.0100%8h0.4624−0.973%$2.1M$1.7Mas long as short
edgeX WLDUSDC+0.0100%4h0.4633−0.774%$28K$318K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4627−0.900%$608K$1.9M10xas long as short
ApeX Omni WLDUSDT+0.0100%1h0.4638−0.664%$51K$236K50xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4662−0.154%$55K$2.0M10xas long as short
SunX WLD-USDTlong+0.0100%8h0.4669long leg$23K$1.6M50x
SoDEX WLD-USD+0.0100%1h0.4663−0.129%$174$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4653−0.343%$850K$1.9M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4661−0.171%$1.9M$3.7M50xas long as short
Extended WLD-USD+0.0104%1h0.4660−0.198%$215K$929K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4665−0.086%$32K$6003xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4659−0.210%20xas long as short
Phoenix WLD+0.0172%1h0.4651−0.379%$5K$57K10xas long as short
Lighter WLD+0.0176%1h0.4672+0.056%$5.1M$2.3M10xas long as short
Deribit WLD_USDC-PERPETUAL+0.0179%1h0.4665−0.086%$121K$917K25xas long as short
BloFin WLD-USDT+0.0220%8h0.4655−0.300%$5.0M$808K75xas long as short
GMX WLD/USD [ETH-USDC]L +0.0230% / S −0.1268%1h0.4663−0.126%$5K100xas long as short
Hyperliquid WLDshort+0.0476%1h0.4670+0.015%$52.0M$42.6M10x
Coinbase International WLD-PERP-INTX+0.0480%1h0.4664−0.107%$276K$1.7M50xas long as short
Injective WLD/USDC PERP+0.0677%1h0.4616−1.135%$6K$185K5.5xas long as short
Kraken Futures PF_WLDUSD+0.0888%1h0.4662−0.141%$902K$2.9M50xas long as short