Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.023%

Price spread now: Injective against SunX−0.573%61s7-day average +0.074% · you buy dearer than you sell

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)+0.337%+$34 · spread now −0.573%, 7d avg +0.074%

Together, before fees+0.264%+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.648% cheaper against SunX than usual: you would sell low and buy high (spread −0.573% now, against its 7-day average of +0.074%). If the spread goes back, that is −$65 on $10k: about 8 months of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour. The two prices were read 61 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	0.4534	0.0100	pay 0.0100% / 8h	7h 47m	$22K	$1.6M	50x
Short	Injective WLD/USDC PERP	0.4508	0.0109	get 0.0014% / 1h	47m 49s	$6K	$185K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.573%Rate

Funding earned: $1.99
Price spread: −0.573% → +0.074%: −$64.78
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$70.8
Costs to cover: 0.080%
Break-even: 255.5 days

Slippage unknown: SunX: live order book, 7 min ago; Injective: live order book, 16 min ago. 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, 7 min ago	256.08 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 16 min ago	56.75 bp	doesn't fit	doesn't fit	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
Nado WLD-PERP	−0.0002%	1h	0.4531	−0.055%	$235K	$175K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4519	−0.331%	$36K	$4.6M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4531	−0.066%	$66K	—	150x	as long as short
dYdX WLD-USD	+0.0034%	1h	0.4528	−0.127%	$154K	$32K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4530	−0.088%	$27K	$624K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4529	−0.112%	$228K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4527	−0.149%	$54K	$543K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4530	−0.089%	$86.9M	$333.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4529	−0.110%	$64.1M	$89.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4531	−0.066%	$34.3M	$150.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLD_USDT	+0.0100%	8h	0.4531	−0.066%	$7.1M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4530	−0.088%	$42.0M	$55.6M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4528	−0.132%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4531	−0.066%	$29.9M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4529	−0.110%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4531	−0.077%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4523	−0.248%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4515	−0.422%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4518	−0.347%	$600K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4516	−0.397%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4531	−0.077%	$49K	$2.7M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4534	long leg	$22K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4527	−0.154%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.309%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4528	−0.132%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4529	−0.102%	$208K	$876K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4530	−0.082%	$31K	$500	3x	as long as short
Injective WLD/USDC PERPshort	+0.0109%	1h	0.4508	−0.573%	$6K	$185K	5.5x
Reya WLDRUSDPERP	+0.0134%	1h	0.4528	−0.137%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0192%	1h	0.4531	−0.066%	$119K	$1.0M	25x	as long as short
01 Exchange WLDUSD	+0.0192%	1h	0.4532	−0.049%	$324	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4520	−0.309%	$4K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4531	−0.062%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4525	−0.199%	$4.4M	$911K	75x	as long as short
Lighter WLD	+0.0256%	1h	0.4532	−0.044%	$4.9M	$2.9M	10x	as long as short
Hyperliquid WLD	+0.0260%	1h	0.4536	+0.040%	$50.2M	$43.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0302%	1h	0.4529	−0.111%	$871K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4531	−0.066%	$269K	$1.6M	50x	as long as short