Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h −0.017%

Price spread now: SunX against Hyperliquid+0.044%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$970.971% of the position

Long on Hyperliquid Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.167%+$17 · spread now +0.044%, 7d avg +0.041%

Together, before fees+0.168%+ Points / potential airdropHyperliquid: Season 2 · farm board+$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLD	0.4362	0.0100	pay 0.0013% / 1h	5m 45s	$43.6M	$36.4M	10x
Short	SunX WLD-USDT	0.4364	0.0100	get 0.0100% / 8h	4h 05m	$22K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Hyperliquid. 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 HyperliquidbpFee SunXbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.041%: $0.25
Slippage, 4 orders: −$80.05
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$96.81
Costs to cover: 0.971%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 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 Hyperliquid live order book, 12 min ago	0.57 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	27.52 bp	45.6 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
Variational Omni WLD	−0.0226%	8h	0.4353	−0.198%	$2.0M	$1.4M	—	as long as short
Bybit WLDUSDT	−0.0186%	8h	0.4360	−0.048%	$62.3M	$68.1M	50x	as long as short
Kalshi KXWLDPERP	−0.0101%	8h	0.4361	−0.025%	$92K	$3.6M	1.7x	as long as short
Nado WLD-PERP	−0.0071%	1h	0.4359	−0.083%	$341K	$145K	5x	as long as short
Phoenix WLD	−0.0055%	1h	0.4360	−0.057%	$2K	$47K	10x	as long as short
MEXC WLD_USDT	−0.0050%	8h	0.4359	−0.071%	$43.4M	$42.2M	300x	as long as short
Binance WLDUSDT	−0.0047%	8h	0.4360	−0.048%	$78.3M	$257.5M	75x	as long as short
Orderly PERP_WLD_USDC	−0.0042%	8h	0.4360	−0.048%	$27K	$926K	10x	as long as short
OKX WLD-USDT-SWAP	−0.0041%	8h	0.4359	−0.071%	$32.9M	$119.7M	50x	as long as short
KuCoin WLDUSDTM	−0.0039%	8h	0.4359	−0.071%	$7.3M	$9.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange WLDUSD	−0.0032%	1h	0.4363	+0.025%	$312	$77	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4363	+0.021%	$149K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4360	−0.048%	$123K	$728K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4361	−0.032%	$56K	—	150x	as long as short
BloFin WLD-USDT	+0.0070%	8h	0.4362	−0.002%	$4.6M	$854K	75x	as long as short
Aevo WLD-PERP	+0.0072%	1h	0.4360	−0.041%	$30K	$5K	3x	as long as short
Gate WLD_USDT	+0.0074%	8h	0.4360	−0.048%	$7.2M	$32.6M	75x	as long as short
Hyperliquid WLDlong	+0.0100%	1h	0.4362	long leg	$43.6M	$36.4M	10x
Aster WLDUSDT	+0.0100%	8h	0.4361	−0.015%	$225K	$913K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4361	−0.025%	$58K	$454K	5x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4360	−0.048%	$28.6M	$23.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4359	−0.071%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4361	−0.030%	$130K	$268K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4358	−0.091%	$26K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4358	−0.099%	$590K	$1.8M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4355	−0.163%	$60K	$222K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4361	−0.030%	$57K	$1.8M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4364	+0.044%	$22K	$1.4M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4358	−0.094%	$188	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4358	−0.094%	$808K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4360	−0.048%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4359	−0.078%	$148K	$532K	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4344	−0.415%	$6K	$90K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4357	−0.107%	—	—	20x	as long as short
Lighter WLD	+0.0200%	1h	0.4368	+0.144%	$4.7M	$1.3M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0206% / S −0.1501%	1h	0.4360	−0.037%	$7K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0352%	1h	0.4361	−0.025%	$262K	$1.4M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0463%	1h	0.4362	−0.001%	$881K	$2.2M	50x	as long as short