Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0140%/8hnext payment +$1.40 per $10,000 · paid last 24h +0.014%

Price spread now: SunX against KuCoin+0.230%7-day average +0.161% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1151.148% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now +0.230%, 7d avg +0.161%

Together, before fees+0.162%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SunX is 0.069% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.161%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4355	−0.0040	get 0.0040% / 8h	4h 23m	$7.2M	$9.9M	50x
Short	SunX WLD-USDT	0.4365	0.0100	get 0.0100% / 8h	4h 23m	$22K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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 KuCoinbpFee SunXbpOrdersPrice spread, now +0.230%Rate

Funding earned: $29.4
Price spread: +0.230% → +0.161%: $6.87
Slippage, 4 orders: −$94.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$78.52
Costs to cover: 1.148%
Break-even: 25.7 days

Slippage from KuCoin: live order book, 9 min ago; SunX: live order book, 5 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 KuCoin live order book, 9 min ago	1.15 bp	12.8 bp −$13	38.0 bp −$380	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	27.57 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	−0.0223%	8h	0.4349	−0.127%	$2.0M	$1.4M	—	as long as short
Bybit WLDUSDT	−0.0203%	8h	0.4353	−0.046%	$62.2M	$68.2M	50x	as long as short
Nado WLD-PERP	−0.0085%	1h	0.4361	+0.149%	$341K	$150K	5x	as long as short
01 Exchange WLDUSD	−0.0056%	1h	0.4359	+0.090%	$312	$77	5x	as long as short
Phoenix WLD	−0.0055%	1h	0.4353	−0.037%	$2K	$47K	10x	as long as short
Binance WLDUSDT	−0.0052%	8h	0.4354	−0.024%	$78.3M	$258.6M	75x	as long as short
MEXC WLD_USDT	−0.0051%	8h	0.4354	−0.023%	$43.2M	$41.8M	300x	as long as short
OKX WLD-USDT-SWAP	−0.0040%	8h	0.4353	−0.046%	$32.8M	$119.7M	50x	as long as short
KuCoin WLDUSDTMlong	−0.0040%	8h	0.4355	long leg	$7.2M	$9.9M	50x
Orderly PERP_WLD_USDC	−0.0039%	8h	0.4361	+0.138%	$27K	$926K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX WLD-USD	0.0000%	1h	0.4358	+0.058%	$149K	$5K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4362	+0.161%	$92K	$3.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4363	+0.184%	$123K	$728K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4364	+0.199%	$56K	—	150x	as long as short
Extended WLD-USD	+0.0064%	1h	0.4354	−0.018%	$148K	$534K	10x	as long as short
BloFin WLD-USDT	+0.0071%	8h	0.4362	+0.161%	$4.6M	$868K	75x	as long as short
Aevo WLD-PERP	+0.0072%	1h	0.4360	+0.126%	$30K	$5K	3x	as long as short
Gate WLD_USDT	+0.0087%	8h	0.4355	0.000%	$7.2M	$32.6M	75x	as long as short
Lighter WLD	+0.0096%	1h	0.4363	+0.186%	$4.7M	$1.3M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4359	+0.094%	$43.6M	$36.3M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4359	+0.098%	$225K	$913K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4356	+0.025%	$58K	$460K	5x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4354	−0.023%	$28.5M	$23.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4355	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4361	+0.133%	$128K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4353	−0.042%	$26K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4364	+0.207%	$590K	$1.8M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4355	0.000%	$63K	$221K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4356	+0.030%	$58K	$1.8M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4365	+0.230%	$22K	$1.4M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4358	+0.069%	$188	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4362	+0.161%	$809K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4357	+0.046%	$1.8M	$3.8M	50x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4344	−0.253%	$6K	$90K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4353	−0.035%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0205% / S −0.1501%	1h	0.4363	+0.193%	$7K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0352%	1h	0.4364	+0.207%	$263K	$1.4M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0463%	1h	0.4363	+0.173%	$881K	$2.3M	50x	as long as short