Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%

Price spread now: MEXC against SunX−0.131%7-day average −0.159% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$890.890% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 3 days (all we have)−0.289%−$29 · spread now −0.131%, 7d avg −0.159%

Together, before fees−0.418%−$42 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.028% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4585	0.0100	pay 0.0100% / 8h	1h 21m	$23K	$1.5M	50x
Short	MEXC WLD_USDT	0.4579	0.0100	get 0.0100% / 8h	1h 21m	$49.0M	$52.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.131%Rate

Funding earned: $0
Price spread: −0.131% → −0.159%: $2.79
Slippage, 4 orders: −$81.01
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$86.22
Costs to cover: 0.890%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago	29.43 bp	39.3 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.09 bp	1.1 bp −$1	3.4 bp −$34	20.6 bp −$2,062	72.4 bp −$36.2K

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	−0.0319%	8h	0.4573	−0.262%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+0.829%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4584	−0.014%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4580	−0.109%	$108K	$900K	25x	as long as short
Orderly PERP_WLD_USDC	+0.0001%	8h	0.4580	−0.109%	$28K	$913K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4581	−0.085%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0004%	8h	0.4578	−0.153%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0050%	1h	0.4581	−0.087%	$276K	$169K	5x	as long as short
Variational Omni WLD	+0.0074%	8h	0.4588	+0.064%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4581	−0.077%	$201K	$986K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4584	−0.028%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4580	−0.107%	$86.6M	$297.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4580	−0.109%	$65.6M	$82.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4579	−0.131%	$34.2M	$141.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4581	−0.087%	$7.5M	$35.3M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4579	−0.131%	$49.0M	$52.0M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4581	−0.087%	$30.2M	$25.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4580	−0.109%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4585	−0.004%	$129K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4585	−0.008%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4592	+0.148%	$617K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	+0.065%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4581	−0.089%	$48K	$1.6M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4585	long leg	$23K	$1.5M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4580	−0.109%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4578	−0.153%	$864K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4580	−0.109%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4578	−0.150%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4580	−0.104%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4587	+0.048%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4578	−0.154%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4584	−0.018%	$908K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4572	−0.284%	$4.9M	$813K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4586	+0.020%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4580	−0.110%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4586	+0.022%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0776%	1h	0.4584	−0.013%	$49.8M	$43.1M	10x	as long as short
Lighter WLD	+0.0952%	1h	0.4595	+0.220%	$5.2M	$2.1M	10x	as long as short