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 −0.025%

Price spread now: Bybit against SunX−0.043%7-day average −0.169% · 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−$92as in the Price arb table

costs, in and out, $10k−$1041.045% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 4 days (all we have)−0.516%−$52 · spread now −0.043%, 7d avg −0.169%

Together, before fees−0.621%−$62 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: Bybit is 0.126% dearer against SunX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.169%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4613	0.0100	pay 0.0100% / 8h	3h 52m	$23K	$1.6M	50x
Short	Bybit WLDUSDT	0.4611	0.0100	get 0.0100% / 8h	3h 52m	$65.7M	$89.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → −0.169%: $12.6
Slippage, 4 orders: −$85.49
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$91.89
Costs to cover: 1.045%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; Bybit: live order book, 1 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	29.63 bp	38.5 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.09 bp	9.9 bp −$10	20.3 bp −$203	127.6 bp −$12.8K	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	−0.0041%	1h	0.4605	−0.173%	$244K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4604	−0.191%	$157K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4594	−0.412%	$50K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4613	0.000%	$67K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0017%	8h	0.4614	+0.022%	$7.0M	$11.7M	50x	as long as short
Polymarket Perps WLD-USD	+0.0091%	1h	0.4608	−0.113%	$40K	$2.2M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4613	0.000%	$28K	$884K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4612	−0.030%	$214K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4605	−0.170%	$49K	$525K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4612	−0.022%	$87.5M	$329.6M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDTshort	+0.0100%	8h	0.4611	−0.043%	$65.7M	$89.7M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4612	−0.022%	$34.7M	$152.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4614	+0.022%	$7.3M	$36.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4617	+0.087%	$43.6M	$54.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4610	−0.065%	$30.5M	$30.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4615	+0.043%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4617	+0.082%	$138K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4560	−1.155%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4579	−0.738%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4569	−0.954%	$604K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	−0.542%	$43K	$238K	50x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4613	long leg	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4616	+0.065%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4611	−0.043%	$843K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4617	+0.087%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4610	−0.060%	$221K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4619	+0.125%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4608	−0.103%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4564	−1.062%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4597	−0.338%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4618	+0.108%	$4.9M	$838K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4613	−0.004%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4610	−0.059%	$330	$80	5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0400%	1h	0.4617	+0.087%	$125K	$959K	25x	as long as short
Hyperliquid WLD	+0.0510%	1h	0.4622	+0.193%	$50.8M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0514%	1h	0.4618	+0.111%	$892K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4609	−0.087%	$271K	$1.7M	50x	as long as short
Lighter WLD	+0.0784%	1h	0.4624	+0.243%	$5.2M	$2.6M	10x	as long as short