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 +0.005%

Price spread now: SunX against BingX−0.043%7-day average +0.161% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1171.166% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 3 days (all we have)+0.361%+$36 · spread now −0.043%, 7d avg +0.161%

Together, before fees+0.374%+$37 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: SunX is 0.203% cheaper against BingX than usual: you would sell low and buy high, −$20 on $10k if it 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	BingX WLD-USDC	0.4669	0.0100	pay 0.0100% / 8h	7h 31m	—	$1.3M	—
Short	SunX WLD-USDT	0.4667	0.0100	get 0.0100% / 8h	7h 31m	$23K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.161%: −$20.35
Slippage, 4 orders: −$98.57
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$136.92
Costs to cover: 1.166%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; SunX: live order book, 3 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 BingX live order book, 9 min ago	2.16 bp	13.1 bp −$13	34.5 bp −$345	420.8 bp −$42.1K	737.3 bp −$368.6K
Sell SunX live order book, 3 min ago	30.00 bp	48.7 bp −$49	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
Kalshi KXWLDPERP	−0.0179%	8h	0.4660	−0.193%	$38K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0026%	1h	0.4655	−0.300%	$279K	$170K	5x	as long as short
KuCoin WLDUSDTM	−0.0018%	8h	0.4666	−0.064%	$7.0M	$11.1M	50x	as long as short
Phemex WLDUSDT	−0.0018%	8h	0.4667	−0.043%	$1.9M	$3.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4669	−0.005%	$167K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4659	−0.214%	$134K	$871K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4657	−0.257%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−0.214%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0043%	8h	0.4660	−0.193%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4671	+0.052%	$195K	$961K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4659	−0.210%	$54K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4671	+0.047%	$88.8M	$305.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4671	+0.043%	$67.3M	$82.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4671	+0.043%	$35.2M	$146.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4669	0.000%	$7.6M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4671	+0.043%	$48.2M	$53.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4669	0.000%	$31.0M	$26.3M	75x	as long as short
BingX WLD-USDClong	+0.0100%	8h	0.4669	long leg	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4667	−0.034%	$139K	$280K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4660	−0.198%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4654	−0.315%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	−0.150%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4642	−0.578%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4654	−0.323%	$56K	$1.6M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4667	−0.043%	$23K	$1.5M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4662	−0.150%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4663	−0.129%	$867K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4669	+0.001%	$220K	$863K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4663	−0.129%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4652	−0.358%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4629	−0.855%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4658	−0.236%	$4.9M	$865K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4655	−0.292%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4657	−0.251%	$333	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0323%	1h	0.4666	−0.074%	$916K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4658	−0.236%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0766%	1h	0.4677	+0.180%	$52.1M	$43.5M	10x	as long as short
Lighter WLD	+0.0936%	1h	0.4678	+0.191%	$5.3M	$2.0M	10x	as long as short