Funding you earn now, next payment 08:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.080%
Price spread now: SunX against Coinbase International+0.044%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1221.220% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 4 days (all we have)+0.216%+$22 · spread now +0.044%, 7d avg +0.080%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.036% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.080%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.9% 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 | Coinbase International WLD-PERP-INTX | 0.4516 | 0.0440 | pay 0.0055% / 1h | 41m 43s | $268K | $1.6M | 50x |
| Short | SunX WLD-USDT | 0.4518 | 0.0100 | get 0.0100% / 8h | 7h 41m | $22K | $1.6M | 50x |
Coinbase International WLD-PERP-INTX
SunX WLD-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$71.4
- Price spread: +0.044% → +0.080%
- −$3.57
- Slippage, 4 orders
- −$104.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$196.99
- Costs to cover
- 1.220%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; SunX: 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 Coinbase International live order book, 2 min ago | 4.43 bp | 21.1 bp −$21 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell SunX live order book, 3 min ago | 29.82 bp | 46.4 bp −$46 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0014% | 1h | 0.4509 | −0.155% | $234K | $175K | 5x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4512 | −0.089% | $36K | $4.6M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4511 | −0.111% | $118K | $1.0M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4511 | −0.112% | $65K | — | 150x | as long as short |
| dYdX WLD-USD | +0.0032% | 1h | 0.4505 | −0.238% | $154K | $32K | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4510 | −0.133% | $27K | $610K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4508 | −0.186% | $227K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4506 | −0.221% | $54K | $543K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4505 | −0.244% | $86.3M | $333.2M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4503 | −0.288% | $63.6M | $89.2M | 50x | as long as short |
Nado WLD-PERP
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
dYdX WLD-USD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4505 | −0.244% | $34.1M | $149.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4505 | −0.244% | $7.1M | $34.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4504 | −0.266% | $41.8M | $55.8M | 300x | as long as short |
| KuCoin WLDUSDTM | +0.0100% | 8h | 0.4502 | −0.310% | $6.6M | $11.6M | 50x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4505 | −0.244% | $29.7M | $30.9M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4504 | −0.266% | — | $20.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4506 | −0.210% | $131K | $297K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4519 | +0.061% | $2.1M | $1.5M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4519 | +0.061% | $27K | $322K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4524 | +0.174% | $600K | $2.1M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4518 | +0.044% | $48K | $237K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4515 | −0.022% | $49K | $2.7M | 10x | as long as short |
| SunX WLD-USDTshort | +0.0100% | 8h | 0.4518 | +0.044% | $22K | $1.6M | 50x | |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4509 | −0.155% | $216 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4511 | −0.111% | $825K | $1.5M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4511 | −0.111% | $1.7M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4502 | −0.313% | $208K | $876K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4511 | −0.103% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0109% | 1h | 0.4508 | −0.177% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4511 | −0.104% | — | — | 20x | as long as short |
| Hyperliquid WLD | +0.0160% | 1h | 0.4510 | −0.142% | $50.0M | $43.1M | 10x | as long as short |
| 01 Exchange WLDUSD | +0.0168% | 1h | 0.4504 | −0.257% | $322 | $55 | 5x | as long as short |
| Phoenix WLD | +0.0194% | 1h | 0.4526 | +0.221% | $4K | $44K | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4512 | −0.099% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4506 | −0.221% | $4.4M | $907K | 75x | as long as short |
| Lighter WLD | +0.0224% | 1h | 0.4508 | −0.166% | $4.9M | $2.9M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0304% | 1h | 0.4512 | −0.092% | $867K | $2.8M | 50x | as long as short |
| Coinbase International WLD-PERP-INTXlong | +0.0440% | 1h | 0.4516 | long leg | $268K | $1.6M | 50x |
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
KuCoin WLDUSDTM
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Injective WLD/USDC PERP
Reya WLDRUSDPERP
Hyperliquid WLD
01 Exchange WLDUSD
Phoenix WLD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Lighter WLD
Kraken Futures PF_WLDUSD