Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: Binance against SunX−0.132%7-day average −0.147% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1001.000% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−0.196%−$20 · spread now −0.132%, 7d avg −0.147%

Together, before fees−0.305%−$30 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4534	0.0100	pay 0.0100% / 8h	1h 05m	$23K	$1.6M	50x
Short	Binance WLDUSDT	0.4528	0.0100	get 0.0100% / 8h	1h 05m	$86.3M	$334.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → −0.147%: $1.54
Slippage, 4 orders: −$82.04
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$98.49
Costs to cover: 1.000%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Binance: live order book, 8 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 SunX live order book, 10 min ago	29.76 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.10 bp	9.1 bp −$9	14.9 bp −$149	47.5 bp −$4,751	171.8 bp −$85.9K

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	−0.0022%	1h	0.4531	−0.055%	$239K	$169K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4533	−0.019%	$155K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4532	−0.044%	$51K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4531	−0.066%	$150K	$954K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4531	−0.072%	$66K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4530	−0.088%	$27K	$750K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4531	−0.059%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4532	−0.034%	$49K	$537K	5x	as long as short
Binance WLDUSDTshort	+0.0100%	8h	0.4528	−0.132%	$86.3M	$334.9M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4528	−0.132%	$64.6M	$89.4M	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	0.4527	−0.154%	$34.2M	$152.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4531	−0.066%	$7.1M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4528	−0.132%	$40.1M	$57.7M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4526	−0.176%	$6.6M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4527	−0.154%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4528	−0.132%	—	$69.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4529	−0.110%	$135K	$292K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4535	+0.016%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4525	−0.189%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4530	−0.087%	$597K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4529	−0.110%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4529	−0.115%	$47K	$2.6M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4534	long leg	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4528	−0.132%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4527	−0.154%	$828K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4530	−0.088%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4525	−0.194%	$208K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4529	−0.105%	$31K	$500	3x	as long as short
Lighter WLD	+0.0120%	1h	0.4534	−0.002%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.037%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4528	−0.127%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0136%	1h	0.4531	−0.064%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4541	+0.165%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4529	−0.100%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4535	+0.022%	$4.8M	$914K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4537	+0.066%	$274K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0497%	1h	0.4535	+0.031%	$49.8M	$43.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1045%	1h	0.4530	−0.081%	$876K	$2.8M	50x	as long as short