Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: MEXC against SunX−0.218%7-day average −0.157% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$920.917% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−0.665%−$66 · spread now −0.218%, 7d avg −0.157%

Together, before fees−0.774%−$77 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: MEXC is 0.060% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.157%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4594	0.0100	pay 0.0100% / 8h	5h 07m	$23K	$1.6M	50x
Short	MEXC WLD_USDT	0.4584	0.0100	get 0.0100% / 8h	5h 07m	$44.6M	$54.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.218%Rate

Funding earned: $0
Price spread: −0.218% → −0.157%: −$6.04
Slippage, 4 orders: −$83.74
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$97.78
Costs to cover: 0.917%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; MEXC: live order book, 1 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, 7 min ago	30.21 bp	38.9 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.09 bp	3.2 bp −$3	5.8 bp −$58	17.3 bp −$1,733	69.2 bp −$34.6K

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	0.4590	−0.087%	$40K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0030%	8h	0.4584	−0.218%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4592	−0.042%	$164K	$26K	10x	as long as short
Nado WLD-PERP	+0.0002%	1h	0.4585	−0.207%	$242K	$204K	5x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4589	−0.113%	$55K	—	150x	as long as short
01 Exchange WLDUSD	+0.0048%	1h	0.4588	−0.133%	$328	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0079%	8h	0.4586	−0.174%	$28K	$890K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4591	−0.065%	$182K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4591	−0.058%	$50K	$522K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4583	−0.239%	$87.2M	$327.5M	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	0.4582	−0.261%	$65.6M	$88.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4582	−0.261%	$34.4M	$149.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4584	−0.218%	$7.2M	$37.2M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4584	−0.218%	$44.6M	$54.9M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4581	−0.283%	$30.4M	$29.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4583	−0.239%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4583	−0.248%	$138K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4615	+0.448%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4617	+0.491%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4622	+0.617%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4629	+0.762%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4587	−0.152%	$47K	$2.0M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4594	long leg	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4586	−0.174%	$176	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.174%	$838K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4587	−0.152%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4585	−0.201%	$212K	$955K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4565	−0.637%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4584	−0.214%	—	—	20x	as long as short
Lighter WLD	+0.0152%	1h	0.4591	−0.070%	$5.0M	$2.3M	10x	as long as short
Phoenix WLD	+0.0172%	1h	0.4621	+0.590%	$5K	$57K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0186%	1h	0.4589	−0.109%	$115K	$923K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4594	0.000%	$5.0M	$801K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4588	−0.136%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0450%	1h	0.4589	−0.111%	$50.4M	$43.1M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4592	−0.044%	$271K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	+0.914%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0902%	1h	0.4589	−0.111%	$888K	$2.9M	50x	as long as short