Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0945%/8h= −103.4% APRpaid last 24h −0.044%

Price spread now: SunX against Kraken Futures+0.046%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1161.158% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.046%, 7d avg +0.097%

Together, before fees+0.014%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and SunX is 0.051% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.097%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WLDUSD	0.4532	0.1045	pay 0.0131% / 1h	15m 33s	$875K	$2.9M	50x
Short	SunX WLD-USDT	0.4534	0.0100	get 0.0100% / 8h	1h 15m	$22K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Kraken Futures. 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 Kraken FuturesbpFee SunXbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$198.36
Price spread: +0.046% → +0.097%: −$5.08
Slippage, 4 orders: −$97.79
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$319.22
Costs to cover: 1.158%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; SunX: live order book, 10 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 Kraken Futures live order book, 3 min ago	7.71 bp	14.9 bp −$15	29.4 bp −$294	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	29.60 bp	46.1 bp −$46	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
Nado WLD-PERP	−0.0009%	1h	0.4531	−0.020%	$239K	$169K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4531	−0.018%	$155K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4531	−0.020%	$50K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4529	−0.067%	$66K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4529	−0.064%	$27K	$760K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4532	+0.003%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4531	−0.009%	$49K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4532	+0.003%	$86.4M	$336.7M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4531	−0.020%	$64.6M	$90.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4530	−0.042%	$34.2M	$153.2M	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	0.4531	−0.020%	$7.1M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4531	−0.020%	$40.0M	$57.7M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4531	−0.020%	$6.7M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4532	+0.002%	$30.0M	$31.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4530	−0.042%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4529	−0.058%	$135K	$296K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4527	−0.115%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4532	0.000%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4540	+0.178%	$607K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4529	−0.064%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4531	−0.018%	$47K	$2.6M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4534	+0.046%	$22K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4529	−0.064%	$219	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4529	−0.064%	$828K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4530	−0.042%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4530	−0.049%	$210K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4531	−0.009%	$31K	$500	3x	as long as short
Lighter WLD	+0.0120%	1h	0.4537	+0.103%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.083%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4528	−0.091%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0152%	1h	0.4535	+0.061%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4548	+0.348%	$5K	$44K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0192%	1h	0.4532	+0.002%	$150K	$955K	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4528	−0.077%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4527	−0.108%	$4.8M	$915K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4533	+0.024%	$273K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0540%	1h	0.4535	+0.064%	$49.8M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSDlong	+0.1045%	1h	0.4532	long leg	$875K	$2.9M	50x