Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against SunX−0.272%74s7-day average −0.185% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1051.052% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.159%−$16 · spread now −0.272%, 7d avg −0.185%

Together, before fees−0.159%+ Points / potential airdropedgeX: Active · farm board−$16 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: edgeX is 0.087% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.185%. The two prices were read 74 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	SunX WLD-USDT	0.4667	0.0100	pay 0.0100% / 8h	7h 31m	$23K	$1.5M	50x
Short	edgeX WLDUSDC	0.4654	0.0100	get 0.0050% / 4h	3h 31m	$28K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.272%Rate

Funding earned: $0
Price spread: −0.272% → −0.185%: −$8.67
Slippage, 4 orders: −$88.19
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$113.86
Costs to cover: 1.052%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; edgeX: live order book, 41 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, 3 min ago	30.00 bp	38.8 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 41 min ago	4.37 bp	8.9 bp −$9	18.9 bp −$189	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
Kalshi KXWLDPERP	−0.0179%	8h	0.4660	−0.150%	$38K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0026%	1h	0.4655	−0.257%	$279K	$170K	5x	as long as short
KuCoin WLDUSDTM	−0.0018%	8h	0.4666	−0.021%	$7.0M	$11.1M	50x	as long as short
Phemex WLDUSDT	−0.0018%	8h	0.4667	0.000%	$1.9M	$3.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4669	+0.038%	$167K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4659	−0.171%	$134K	$871K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4657	−0.214%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−0.171%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0043%	8h	0.4660	−0.150%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4671	+0.095%	$195K	$961K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4659	−0.167%	$54K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4671	+0.090%	$88.8M	$305.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4671	+0.086%	$67.3M	$82.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4671	+0.086%	$35.2M	$146.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4669	+0.043%	$7.6M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4671	+0.086%	$48.2M	$53.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4669	+0.043%	$31.0M	$26.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4669	+0.043%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4667	+0.009%	$139K	$280K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4660	−0.155%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDCshort	+0.0100%	4h	0.4654	−0.272%	$28K	$317K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	−0.107%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4642	−0.536%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4654	−0.281%	$56K	$1.6M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4667	long leg	$23K	$1.5M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4662	−0.107%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4663	−0.086%	$867K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4669	+0.044%	$220K	$863K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4663	−0.086%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4652	−0.315%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4629	−0.812%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4658	−0.193%	$4.9M	$865K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4655	−0.249%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4657	−0.208%	$333	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0323%	1h	0.4666	−0.031%	$916K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4658	−0.193%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0766%	1h	0.4677	+0.223%	$52.1M	$43.5M	10x	as long as short
Lighter WLD	+0.0936%	1h	0.4678	+0.234%	$5.3M	$2.0M	10x	as long as short