Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against SunX+0.010%7-day average −0.196% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$920.918% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.296%+$30 on $10k

Price spread, last 4 days (all we have)−0.368%−$37 · spread now +0.010%, 7d avg −0.196%

Together, before fees−0.072%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.206% dearer against SunX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.196%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4521	0.0100	pay 0.0100% / 8h	14m 17s	$23K	$1.6M	50x
Short	Extended WLD-USD	0.4521	0.0104	get 0.0013% / 1h	14m 17s	$208K	$880K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0.84
Price spread: +0.010% → −0.196%: $20.56
Slippage, 4 orders: −$78.83
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$70.43
Costs to cover: 0.918%
Break-even: 593.9 days

Slippage from SunX: live order book, 11 min ago; Extended: live order book, 49 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, 11 min ago	28.93 bp	39.0 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 49 min ago	1.10 bp	3.7 bp −$4	10.9 bp −$109	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
Injective WLD/USDC PERP	−0.0309%	1h	0.4508	−0.288%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0018%	1h	0.4515	−0.144%	$234K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4518	−0.058%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4514	−0.155%	$51K	$4.6M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4520	−0.019%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4524	+0.066%	$27K	$671K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4520	−0.022%	$228K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4520	−0.032%	$54K	$546K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4518	−0.071%	$86.6M	$333.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4521	0.000%	$64.0M	$89.5M	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	0.4522	+0.022%	$34.1M	$151.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4516	−0.111%	$7.0M	$35.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4515	−0.133%	$41.4M	$57.0M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4516	−0.111%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4523	+0.044%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4518	−0.066%	—	$72.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4515	−0.144%	$131K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4512	−0.203%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4508	−0.291%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4507	−0.301%	$606K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4512	−0.199%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4516	−0.115%	$50K	$2.7M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4521	long leg	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4523	+0.044%	$221	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	−0.221%	$825K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4523	+0.044%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USDshort	+0.0104%	1h	0.4521	+0.010%	$208K	$880K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4525	+0.096%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4508	−0.279%	—	—	20x	as long as short
Lighter WLD	+0.0176%	1h	0.4523	+0.053%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4507	−0.305%	$4K	$43K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0192%	1h	0.4525	+0.088%	$136K	$986K	25x	as long as short
01 Exchange WLDUSD	+0.0216%	1h	0.4517	−0.082%	$323	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4511	−0.219%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4510	−0.243%	$4.8M	$901K	75x	as long as short
Hyperliquid WLD	+0.0398%	1h	0.4520	−0.015%	$50.2M	$43.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4525	+0.088%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0456%	1h	0.4525	+0.094%	$867K	$2.8M	50x	as long as short