Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1168%/8h= +127.9% APRpaid last 24h +0.307%

Price spread now: GMX against SunX−0.188%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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.188% cheaper against SunX than usual: you would sell low and buy high (spread −0.188% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 13 hours of funding at the current rate (+$35 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4601	0.0100	pay 0.0100% / 8h	5h 08m	$23K	$1.6M	50x
Short	GMX WLD/USD [ETH-USDC]	0.4592	L +0.0229% / S −0.1268%	get 0.0159% / 1h	8m 42s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.188%Rate

Funding earned: $245.3
Price spread: −0.188% → 0.000%: −$18.8
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $206.5
Costs to cover: 0.200%
Break-even: 1.1 days

Slippage unknown: SunX: live order book, 6 min ago; GMX: 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, 6 min ago	30.21 bp	38.9 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Kalshi KXWLDPERP	−0.0119%	8h	0.4598	−0.065%	$47K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0031%	8h	0.4590	−0.239%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4592	−0.194%	$164K	$26K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4590	−0.239%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0006%	1h	0.4588	−0.272%	$242K	$204K	5x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4591	−0.215%	$328	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0079%	8h	0.4594	−0.152%	$28K	$890K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4593	−0.179%	$182K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4596	−0.118%	$50K	$522K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4588	−0.272%	$87.3M	$327.4M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4585	−0.348%	$65.7M	$88.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4587	−0.304%	$34.9M	$149.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4591	−0.217%	$7.2M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4591	−0.217%	$44.9M	$54.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4590	−0.239%	$30.5M	$29.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4590	−0.239%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4595	−0.137%	$139K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4615	+0.296%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4617	+0.338%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4622	+0.464%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4629	+0.609%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4589	−0.263%	$56K	$2.0M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4601	long leg	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4595	−0.130%	$175	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4593	−0.174%	$840K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4597	−0.087%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4588	−0.287%	$212K	$955K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4583	−0.382%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4588	−0.291%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4596	−0.100%	$5.0M	$2.3M	10x	as long as short
Phoenix WLD	+0.0172%	1h	0.4621	+0.437%	$5K	$57K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4594	−0.152%	$5.0M	$801K	75x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0229% / S −0.1268%	1h	0.4592	−0.188%	$5K	—	100x
Deribit WLD_USDC-PERPETUAL	+0.0403%	1h	0.4598	−0.065%	$116K	$923K	25x	as long as short
Hyperliquid WLD	+0.0458%	1h	0.4597	−0.089%	$50.4M	$43.1M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4599	−0.043%	$271K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	+0.761%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0901%	1h	0.4598	−0.062%	$890K	$2.9M	50x	as long as short