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 0.000%

Price spread now: Phemex against SunX−0.044%7-day average −0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1821.824% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.161%−$16 · spread now −0.044%, 7d avg −0.137%

Together, before fees−0.161%−$16 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: Phemex is 0.093% dearer against SunX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4582	0.0100	pay 0.0100% / 8h	1h 21m	$23K	$1.5M	50x
Short	Phemex WLDUSDT	0.4580	0.0100	get 0.0100% / 8h	1h 21m	$1.8M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.137%: $9.29
Slippage, 4 orders: −$162.42
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$173.13
Costs to cover: 1.824%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Phemex: 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, 3 min ago	29.43 bp	39.3 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	7.65 bp	43.3 bp −$43	doesn't fit	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	−0.0319%	8h	0.4573	−0.196%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+0.895%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4584	+0.051%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4582	0.000%	$108K	$900K	25x	as long as short
Orderly PERP_WLD_USDC	+0.0001%	8h	0.4579	−0.065%	$28K	$913K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4580	−0.040%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0004%	8h	0.4582	0.000%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0054%	1h	0.4577	−0.109%	$276K	$169K	5x	as long as short
Variational Omni WLD	+0.0074%	8h	0.4588	+0.129%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4584	+0.039%	$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	+0.038%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4583	+0.025%	$86.7M	$297.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4583	+0.022%	$65.7M	$82.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4580	−0.044%	$34.3M	$141.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4583	+0.022%	$7.5M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4583	+0.022%	$49.0M	$52.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4581	−0.022%	$30.2M	$25.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4582	0.000%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4585	+0.061%	$129K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4585	+0.058%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4592	+0.214%	$617K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	+0.131%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4579	−0.072%	$48K	$1.6M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4582	long leg	$23K	$1.5M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4581	−0.022%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4577	−0.109%	$864K	$1.8M	50x	as long as short
Phemex WLDUSDTshort	+0.0100%	8h	0.4580	−0.044%	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4582	+0.002%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4581	−0.013%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4587	+0.113%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4576	−0.133%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4586	+0.080%	$908K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4572	−0.218%	$4.9M	$813K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4582	−0.004%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4579	−0.069%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4586	+0.087%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0781%	1h	0.4590	+0.164%	$49.9M	$43.1M	10x	as long as short
Lighter WLD	+0.0952%	1h	0.4595	+0.286%	$5.2M	$2.1M	10x	as long as short