Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.026%

Price spread now: SunX against dYdX+0.137%7-day average +0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$280as in the Funding arb table

Net, price: spread back to 7d avg − costs−$299as in the Price arb table

costs, in and out, $10k−$3003.003% of the position

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 4 days (all we have)+0.195%+$20 · spread now +0.137%, 7d avg +0.124%

Together, before fees+0.396%+$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.124%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4579	0	get 0.0000% / 1h	5m 42s	$156K	$33K	10x
Short	SunX WLD-USDT	0.4585	0.0100	get 0.0100% / 8h	2h 05m	$23K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against dYdX. 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 dYdXbpFee SunXbpOrdersPrice spread, now +0.137%Rate

Funding earned: $21
Price spread: +0.137% → +0.124%: $1.36
Slippage, 4 orders: −$282.35
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$277.99
Costs to cover: 3.003%
Break-even: 99.7 days

Slippage from dYdX: live order book, 43 min ago; SunX: live order book, 9 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 dYdX live order book, 43 min ago	102.77 bp	107.8 bp −$108	121.0 bp −$1,210	162.0 bp −$16.2K	297.6 bp −$148.8K
Sell SunX live order book, 9 min ago	29.69 bp	46.2 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	−0.0034%	1h	0.4576	−0.059%	$241K	$210K	5x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4579	long leg	$156K	$33K	10x
Kalshi KXWLDPERP	0.0000%	8h	0.4571	−0.169%	$54K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4579	+0.003%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0067%	8h	0.4578	−0.016%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4575	−0.083%	$327	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4579	+0.006%	$28K	$790K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4582	+0.081%	$229K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4579	+0.007%	$51K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4579	+0.006%	$87.2M	$339.0M	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	0.4578	−0.016%	$65.3M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4577	−0.038%	$34.7M	$156.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4578	−0.016%	$7.2M	$37.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4576	−0.059%	$40.5M	$56.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4576	−0.059%	$30.3M	$31.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4577	−0.038%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4582	+0.063%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	0.000%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4558	−0.446%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4562	−0.372%	$601K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4558	−0.453%	$49K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4578	−0.020%	$52K	$2.4M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4585	+0.137%	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4580	+0.028%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4574	−0.103%	$837K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4577	−0.038%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4575	−0.077%	$211K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4581	+0.039%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4575	−0.087%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4560	−0.402%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4584	+0.117%	$5.0M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.758%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0187%	1h	0.4581	+0.050%	$152K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4578	−0.017%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4576	−0.059%	$4.8M	$923K	75x	as long as short
Hyperliquid WLD	+0.0354%	1h	0.4585	+0.141%	$50.0M	$44.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0495%	1h	0.4580	+0.037%	$867K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4582	+0.072%	$276K	$1.7M	50x	as long as short