Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0078%/8h= +8.6% APRpaid last 24h −0.040%

Price spread now: Deribit against SunX−0.043%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1151.154% of the position

Long on SunX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 3 days (all we have)−0.091%−$9 · spread now −0.043%, 7d avg −0.110%

Together, before fees−0.284%−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.067% dearer against SunX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.110%. Mind the row above: over the last 7 days funding on this pair cost −0.193%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4672	0.0100	pay 0.0100% / 8h	6h 00m	$24K	$1.6M	50x
Short	Deribit WLD_USDC-PERPETUAL	0.4670	0.0178	get 0.0022% / 1h	0m 58s	$120K	$922K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.043%Rate

Funding earned: $16.47
Price spread: −0.043% → −0.110%: $6.7
Slippage, 4 orders: −$100.41
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$92.24
Costs to cover: 1.154%
Break-even: 46.2 days

Slippage from SunX: live order book, 4 min ago; Deribit: 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 SunX live order book, 4 min ago	29.93 bp	38.7 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	6.41 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit

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	−0.128%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0136%	8h	0.4663	−0.193%	$70K	$4.4M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0037%	8h	0.4664	−0.171%	$7.1M	$11.5M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4660	−0.247%	$166K	$26K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4668	−0.087%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0016%	1h	0.4666	−0.139%	$271K	$189K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0066%	8h	0.4668	−0.086%	$28K	$895K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4669	−0.071%	$5K	$54K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4665	−0.157%	$179K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4663	−0.182%	$51K	$513K	5x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4669	−0.075%	$88.9M	$324.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4669	−0.064%	$66.6M	$87.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4670	−0.043%	$35.2M	$151.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4668	−0.086%	$7.3M	$38.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4670	−0.043%	$46.2M	$56.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4669	−0.064%	$31.0M	$29.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4669	−0.064%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4663	−0.195%	$137K	$290K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4667	−0.114%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4680	+0.180%	$28K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4675	+0.064%	$617K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4680	+0.171%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4667	−0.107%	$55K	$2.1M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4672	long leg	$24K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4670	−0.043%	$297	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4663	−0.193%	$852K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4668	−0.086%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4665	−0.141%	$215K	$889K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4672	+0.009%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4665	−0.155%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUALshort	+0.0178%	1h	0.4670	−0.043%	$120K	$922K	25x
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4669	−0.065%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0288%	1h	0.4670	−0.043%	$334	$80	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4668	−0.086%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0552%	1h	0.4668	−0.079%	$51.9M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0641%	1h	0.4672	+0.003%	$906K	$2.9M	50x	as long as short
Lighter WLD	+0.0864%	1h	0.4674	+0.047%	$5.3M	$2.1M	10x	as long as short