Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0293%/8h= −32.0% APRpaid last 24h +0.079%

Price spread now: Kraken Futures against SunX−0.094%7-day average −0.097% · 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−$116as in the Price arb table

costs, in and out, $10k−$1161.162% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.094%, 7d avg −0.097%

Together, before fees+0.056%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.097%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.117%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.117% in total (about 6.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4483	0.0100	pay 0.0100% / 8h	5h 07m	$22K	$1.4M	50x
Short	Kraken Futures PF_WLDUSD	0.4479	−0.0193	pay 0.0024% / 1h	7m 02s	$840K	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$61.46
Price spread: −0.094% → −0.097%: $0.26
Slippage, 4 orders: −$98.21
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$177.41
Costs to cover: 1.162%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; Kraken Futures: live order book, 5 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, 11 min ago	29.03 bp	39.1 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	6.70 bp	17.9 bp −$18	31.5 bp −$315	1032.8 bp −$103.3K	doesn't fit

WLD on 38 exchanges

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
Polymarket Perps WLD-USD	−0.0359%	1h	0.4475	−0.176%	$41K	$2.7M	10x	as long as short
Kraken Futures PF_WLDUSDshort	−0.0193%	1h	0.4479	−0.094%	$840K	$2.6M	50x
Bybit WLDUSDT	−0.0143%	8h	0.4476	−0.156%	$63.8M	$85.0M	50x	as long as short
Nado WLD-PERP	−0.0118%	1h	0.4475	−0.167%	$234K	$157K	5x	as long as short
Gate WLD_USDT	−0.0079%	8h	0.4477	−0.134%	$7.0M	$31.8M	75x	as long as short
01 Exchange WLDUSD	−0.0048%	1h	0.4480	−0.074%	$320	$55	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4477	−0.134%	$59K	$4.2M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4477	−0.134%	$101K	$1.1M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4479	−0.089%	$65K	—	150x	as long as short
dYdX WLD-USD	+0.0004%	1h	0.4479	−0.084%	$153K	$31K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	−0.134%	$6K	$185K	5.5x	as long as short
Variational Omni WLD	+0.0019%	8h	0.4465	−0.393%	$2.1M	$1.4M	—	as long as short
KuCoin WLDUSDTM	+0.0021%	8h	0.4477	−0.134%	$6.8M	$10.2M	50x	as long as short
Phoenix WLD	+0.0053%	1h	0.4480	−0.071%	$4K	$40K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0084%	8h	0.4476	−0.156%	$27K	$253K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4484	+0.018%	$4.9M	$3.0M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4479	−0.079%	$219K	$904K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4478	−0.107%	$64K	$512K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4477	−0.130%	$84.7M	$313.5M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4476	−0.156%	$34.3M	$142.3M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4476	−0.156%	$42.4M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4476	−0.156%	$29.3M	$28.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4477	−0.134%	—	$55.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4479	−0.100%	$126K	$272K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4475	−0.170%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4480	−0.067%	$600K	$2.3M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4478	−0.112%	$48K	$249K	50x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4483	long leg	$22K	$1.4M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4477	−0.134%	$227	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4479	−0.089%	$821K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4477	−0.134%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4474	−0.199%	$211K	$650K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4478	−0.115%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4475	−0.183%	—	—	20x	as long as short
Hyperliquid WLD	+0.0152%	1h	0.4486	+0.060%	$50.6M	$28.4M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4479	−0.096%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4479	−0.089%	$4.7M	$908K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4484	+0.022%	$272K	$975K	50x	as long as short