Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: SunX against gTrade (Gains Network)+0.043%54s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.043% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WLD/USD	0.4652	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	16m 26s	$56K	—	150x
Short	SunX WLD-USDT	0.4654	0.0100	get 0.0100% / 8h	6h 16m	$23K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee SunXbpOrdersPrice spread, now +0.043%Rate

Funding earned: $20.33
Price spread: +0.043% → 0.000%: $4.3
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $6.63
Costs to cover: 0.180%
Break-even: 4.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; SunX: live order book, 9 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell SunX live order book, 9 min ago	501.02 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WLD on 37 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	−0.0235%	1h	0.4666	+0.301%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0144%	8h	0.4648	−0.086%	$65K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0041%	8h	0.4647	−0.107%	$7.1M	$11.6M	50x	as long as short
Nado WLD-PERP	−0.0001%	1h	0.4652	−0.011%	$270K	$189K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4647	−0.117%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4649	−0.064%	$120K	$918K	25x	as long as short
gTrade (Gains Network) WLD/USDlong	L +0.0003% / S −0.0003%	1h	0.4652	long leg	$56K	—	150x
Orderly PERP_WLD_USDC	+0.0061%	8h	0.4652	0.000%	$28K	$897K	10x	as long as short
Gate WLD_USDT	+0.0067%	8h	0.4650	−0.043%	$7.3M	$37.9M	75x	as long as short
Phoenix WLD	+0.0068%	1h	0.4667	+0.327%	$5K	$54K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4647	−0.107%	$178K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4648	−0.096%	$53K	$511K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4652	+0.004%	$88.4M	$326.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4650	−0.043%	$66.3M	$88.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4652	0.000%	$35.1M	$152.4M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4656	+0.086%	$45.9M	$56.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4653	+0.021%	$30.9M	$29.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4652	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4642	−0.211%	$140K	$294K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4664	+0.250%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4680	+0.603%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4691	+0.838%	$622K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4689	+0.795%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4657	+0.099%	$54K	$2.1M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4654	+0.043%	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4645	−0.150%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4653	+0.021%	$881K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4644	−0.172%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4643	−0.198%	$214K	$889K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4649	−0.058%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4653	+0.025%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4648	−0.092%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4654	+0.049%	$333	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4652	0.000%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0551%	1h	0.4661	+0.183%	$51.8M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0644%	1h	0.4648	−0.088%	$905K	$2.9M	50x	as long as short
Lighter WLD	+0.0864%	1h	0.4656	+0.086%	$5.3M	$2.1M	10x	as long as short