Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against SunX−0.183%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.183% cheaper against SunX than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4496	0.0100	pay 0.0100% / 8h	7h 25m	$22K	$1.6M	50x
Short	gTrade (Gains Network) WLD/USD	0.4488	L +0.0003% / S −0.0003%	get 0.0000% / 1h	25m 14s	$65K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.183%Rate

Funding earned: −$20.42
Price spread: −0.183% → 0.000%: −$18.28
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$56.7
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 10 min ago	29.96 bp	38.8 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0014%	1h	0.4486	−0.222%	$233K	$175K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4486	−0.222%	$49K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4490	−0.133%	$116K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USDshort	L +0.0003% / S −0.0003%	1h	0.4488	−0.183%	$65K	—	150x
Bybit WLDUSDT	+0.0036%	8h	0.4487	−0.200%	$63.5M	$89.1M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4488	−0.178%	$27K	$574K	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4491	−0.105%	$49.7M	$43.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4490	−0.139%	$225K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4492	−0.089%	$56K	$553K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4489	−0.149%	$85.6M	$334.0M	75x	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	0.4487	−0.200%	$34.0M	$149.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4490	−0.133%	$7.0M	$34.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4488	−0.178%	$41.7M	$56.6M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4488	−0.178%	$6.6M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4488	−0.178%	$29.5M	$31.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4488	−0.178%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4491	−0.109%	$130K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4470	−0.587%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4478	−0.399%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4480	−0.350%	$597K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4479	−0.378%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4492	−0.089%	$49K	$2.6M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4496	long leg	$22K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4488	−0.178%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4492	−0.089%	$823K	$1.4M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4490	−0.133%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4486	−0.229%	$212K	$907K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4489	−0.157%	$30K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	+0.267%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4485	−0.239%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4494	−0.038%	$4.9M	$3.0M	10x	as long as short
01 Exchange WLDUSD	+0.0160%	1h	0.4494	−0.051%	$321	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4483	−0.287%	$4K	$44K	10x	as long as short
dYdX WLD-USD	+0.0208%	1h	0.4492	−0.086%	$153K	$31K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4487	−0.198%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4487	−0.200%	$4.4M	$927K	75x	as long as short
Kraken Futures PF_WLDUSD	+0.0305%	1h	0.4490	−0.142%	$889K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4478	−0.400%	$265K	$1.6M	50x	as long as short