Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.027%

Price spread now: dYdX against SunX−0.130%7-day average −0.126% · you buy dearer than you sell

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1771.772% of the position

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now −0.130%, 7d avg −0.126%

Together, before fees−0.347%−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.126%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4512	0.0100	pay 0.0100% / 8h	17m 48s	$23K	$1.6M	50x
Short	dYdX WLD-USD	0.4506	0	get 0.0000% / 1h	17m 48s	$154K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$21
Price spread: −0.130% → −0.126%: −$0.42
Slippage, 4 orders: −$159.23
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$198.65
Costs to cover: 1.772%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; dYdX: live order book, 21 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, 7 min ago	28.93 bp	39.0 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 21 min ago	38.55 bp	49.1 bp −$49	88.9 bp −$889	205.5 bp −$20.6K	649.4 bp −$324.7K

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
Injective WLD/USDC PERP	−0.0309%	1h	0.4531	+0.421%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0027%	1h	0.4505	−0.166%	$235K	$175K	5x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4506	−0.130%	$154K	$32K	10x
Kalshi KXWLDPERP	0.0000%	8h	0.4504	−0.177%	$58K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4506	−0.124%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4508	−0.089%	$27K	$683K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4506	−0.139%	$228K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4505	−0.159%	$54K	$546K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4506	−0.133%	$86.3M	$334.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4504	−0.177%	$63.8M	$89.8M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4507	−0.111%	$34.1M	$151.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4506	−0.133%	$7.0M	$35.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4506	−0.133%	$41.7M	$56.9M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4505	−0.155%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4507	−0.111%	$29.8M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4505	−0.155%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4507	−0.100%	$131K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4481	−0.693%	$2.0M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4485	−0.594%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4488	−0.532%	$590K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4490	−0.488%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4506	−0.131%	$50K	$2.7M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4512	long leg	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4509	−0.066%	$222	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4501	−0.244%	$823K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4507	−0.111%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4503	−0.192%	$207K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4510	−0.044%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4503	−0.204%	—	—	20x	as long as short
Lighter WLD	+0.0152%	1h	0.4512	+0.004%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4487	−0.543%	$4K	$43K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0194%	1h	0.4510	−0.044%	$136K	$986K	25x	as long as short
01 Exchange WLDUSD	+0.0216%	1h	0.4509	−0.073%	$323	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4506	−0.127%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4511	−0.022%	$4.8M	$906K	75x	as long as short
Hyperliquid WLD	+0.0391%	1h	0.4513	+0.027%	$50.1M	$43.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4510	−0.044%	$268K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0458%	1h	0.4510	−0.036%	$864K	$2.8M	50x	as long as short