Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0401%/8h= +43.9% APRpaid last 24h +0.032%

Price spread now: Kraken Futures against SunX+0.286%7-day average −0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$1231.230% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)−0.441%−$44 · spread now +0.286%, 7d avg −0.097%

Together, before fees−0.384%−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.382% dearer against SunX than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of −0.097%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4509	0.0100	pay 0.0100% / 8h	2h 56m	$23K	$1.6M	50x
Short	Kraken Futures PF_WLDUSD	0.4522	0.0501	get 0.0063% / 1h	56m 29s	$866K	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.286%Rate

Funding earned: $84.24
Price spread: +0.286% → −0.097%: $38.22
Slippage, 4 orders: −$105.01
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$0.54
Costs to cover: 1.230%
Break-even: 7.0 days

Slippage from SunX: live order book, 9 min ago; Kraken Futures: live order book, 2 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, 9 min ago	30.02 bp	38.9 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	1.11 bp	22.7 bp −$23	34.0 bp −$340	994.9 bp −$99.5K	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
Nado WLD-PERP	−0.0072%	1h	0.4522	+0.299%	$240K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4521	+0.257%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4515	+0.133%	$72K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4517	+0.175%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0035%	8h	0.4523	+0.310%	$6.8M	$11.8M	50x	as long as short
01 Exchange WLDUSD	+0.0040%	1h	0.4521	+0.266%	$323	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4519	+0.222%	$28K	$861K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4515	+0.127%	$225K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4521	+0.269%	$47K	$533K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4519	+0.222%	$85.8M	$336.1M	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	0.4520	+0.244%	$64.1M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4520	+0.244%	$34.1M	$153.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4522	+0.288%	$7.2M	$36.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4523	+0.310%	$39.1M	$55.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4518	+0.200%	$29.7M	$30.7M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4522	+0.288%	—	$1.3M	—	as long as short
Variational Omni WLD	+0.0100%	8h	0.4481	−0.627%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4480	−0.650%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4488	−0.457%	$595K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4494	−0.333%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4518	+0.191%	$50K	$2.4M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4509	long leg	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4520	+0.244%	$208	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4518	+0.200%	$825K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4524	+0.333%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4518	+0.195%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4519	+0.219%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4519	+0.217%	—	—	20x	as long as short
Backpack WLD_USDC_PERP	+0.0139%	1h	0.4528	+0.419%	$134K	$305K	10x	as long as short
Phoenix WLD	+0.0157%	1h	0.4490	−0.428%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4538	+0.643%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0193%	1h	0.4521	+0.266%	$131K	$1.0M	25x	as long as short
Lighter WLD	+0.0208%	1h	0.4524	+0.339%	$4.9M	$2.9M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4517	+0.185%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4521	+0.266%	$4.8M	$928K	75x	as long as short
Hyperliquid WLD	+0.0282%	1h	0.4525	+0.355%	$49.0M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0501%	1h	0.4522	+0.286%	$866K	$2.9M	50x
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4525	+0.355%	$266K	$1.7M	50x	as long as short