Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.027%

Price spread now: SunX against Injective−1.026%61s7-day average −0.068% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+1.139%+$114 · spread now −1.026%, 7d avg −0.068%

Together, before fees+1.207%+$121 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.958% cheaper against Injective than usual: you would sell low and buy high (−$96 if the spread goes back to its 7-day average of −0.068%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WLD/USDC PERP	0.4581	0.0132	pay 0.0017% / 1h	0m 10s	$6K	$185K	5.5x
Short	SunX WLD-USDT	0.4534	0.0100	get 0.0100% / 8h	1h 00m	$23K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Injective. 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 InjectivebpFee SunXbpOrdersPrice spread, now −1.026%Rate

Funding earned: −$6.8
Price spread: −1.026% → −0.068%: −$95.78
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$110.61
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 9 min ago; SunX: live order book, 5 min ago. Net counts fees only.

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 Injective live order book, 9 min ago	56.62 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	29.77 bp	46.3 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	−0.0019%	1h	0.4526	−1.190%	$236K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4525	−1.229%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4523	−1.266%	$57K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4532	−1.070%	$150K	$954K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4530	−1.117%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4530	−1.113%	$27K	$732K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4530	−1.109%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4523	−1.256%	$49K	$537K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4530	−1.111%	$86.5M	$334.7M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4528	−1.157%	$64.5M	$89.3M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4528	−1.157%	$34.3M	$152.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4528	−1.157%	$7.1M	$36.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4530	−1.113%	$40.1M	$57.8M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4527	−1.179%	$6.6M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4530	−1.113%	$30.0M	$30.8M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4528	−1.157%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4533	−1.048%	$132K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4522	−1.294%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4529	−1.128%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4534	−1.026%	$597K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4531	−1.091%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4531	−1.094%	$46K	$2.6M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4534	−1.026%	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4530	−1.113%	$219	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4523	−1.266%	$827K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4531	−1.091%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4529	−1.140%	$208K	$945K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4532	−1.071%	$31K	$500	3x	as long as short
Injective WLD/USDC PERPlong	+0.0132%	1h	0.4581	long leg	$6K	$185K	5.5x
Reya WLDRUSDPERP	+0.0134%	1h	0.4529	−1.129%	—	—	20x	as long as short
Lighter WLD	+0.0136%	1h	0.4536	−0.980%	$4.9M	$2.9M	10x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4532	−1.076%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4534	−1.030%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4530	−1.112%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4525	−1.222%	$3.8M	$916K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4535	−1.004%	$273K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0493%	1h	0.4535	−1.015%	$50.4M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1044%	1h	0.4533	−1.039%	$876K	$2.8M	50x	as long as short