Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against SunX−0.100%7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

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

costs, in and out, $10k−$1001.004% of the position

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.756%−$76 · spread now −0.100%, 7d avg −0.123%

Together, before fees−0.828%−$83 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: Polymarket Perps is 0.023% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4493	0.0100	pay 0.0100% / 8h	7h 33m	$22K	$1.6M	50x
Short	Polymarket Perps WLD-USD	0.4489	0.0100	get 0.0013% / 1h	33m 20s	$49K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.123%: $2.32
Slippage, 4 orders: −$84.35
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$98.03
Costs to cover: 1.004%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; Polymarket Perps: live order book, 30 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, 12 min ago	29.82 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 30 min ago	3.55 bp	7.8 bp −$8	8.8 bp −$88	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	−0.0007%	1h	0.4487	−0.134%	$233K	$175K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4485	−0.178%	$42K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4487	−0.134%	$116K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4502	+0.197%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4486	−0.156%	$27K	$589K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4491	−0.036%	$226K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4489	−0.089%	$54K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4486	−0.157%	$85.8M	$332.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4483	−0.223%	$63.3M	$89.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4484	−0.200%	$34.0M	$148.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLD_USDT	+0.0100%	8h	0.4485	−0.178%	$7.1M	$34.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4487	−0.134%	$41.4M	$56.2M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4485	−0.178%	$6.6M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4486	−0.156%	$29.6M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4485	−0.178%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4501	+0.169%	$129K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4503	+0.217%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4504	+0.239%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4504	+0.245%	$600K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4512	+0.423%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USDshort	+0.0100%	1h	0.4489	−0.100%	$49K	$2.7M	10x
SunX WLD-USDTlong	+0.0100%	8h	0.4493	long leg	$22K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4488	−0.111%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4485	−0.178%	$822K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4490	−0.067%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4482	−0.237%	$207K	$876K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4509	+0.353%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	+0.334%	$6K	$185K	5.5x	as long as short
Hyperliquid WLD	+0.0129%	1h	0.4492	−0.022%	$49.7M	$43.1M	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4497	+0.084%	—	—	20x	as long as short
dYdX WLD-USD	+0.0165%	1h	0.4489	−0.095%	$153K	$31K	10x	as long as short
01 Exchange WLDUSD	+0.0176%	1h	0.4487	−0.127%	$321	$55	5x	as long as short
Lighter WLD	+0.0184%	1h	0.4494	+0.029%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0194%	1h	0.4514	+0.458%	$4K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4485	−0.188%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4488	−0.111%	$4.3M	$903K	75x	as long as short
Kraken Futures PF_WLDUSD	+0.0305%	1h	0.4490	−0.068%	$862K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4492	−0.022%	$266K	$1.6M	50x	as long as short