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 −0.011%

Price spread now: OKX against SunX−0.222%7-day average −0.173% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1021.018% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now −0.222%, 7d avg −0.173%

Together, before fees−0.262%−$26 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: OKX is 0.050% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.173%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4495	0.0100	pay 0.0100% / 8h	2h 29m	$22K	$1.6M	50x
Short	OKX WLD-USDT-SWAP	0.4485	0.0100	get 0.0100% / 8h	2h 29m	$33.8M	$152.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.222%Rate

Funding earned: $0
Price spread: −0.222% → −0.173%: −$4.97
Slippage, 4 orders: −$83.84
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$106.82
Costs to cover: 1.018%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; OKX: live order book, 4 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, 5 min ago	29.88 bp	38.7 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.12 bp	7.1 bp −$7	18.3 bp −$183	228.3 bp −$22.8K	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	−0.0052%	1h	0.4492	−0.056%	$241K	$208K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4485	−0.217%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4489	−0.133%	$69K	$4.9M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4488	−0.156%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4491	−0.091%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0042%	8h	0.4484	−0.245%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0044%	1h	0.4491	−0.093%	$45K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4491	−0.100%	$321	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4488	−0.156%	$28K	$818K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4490	−0.120%	$224K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4486	−0.202%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4487	−0.178%	$85.5M	$339.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4484	−0.245%	$63.8M	$92.0M	50x	as long as short
OKX WLD-USDT-SWAPshort	+0.0100%	8h	0.4485	−0.222%	$33.8M	$152.9M	50x
Gate WLD_USDT	+0.0100%	8h	0.4488	−0.156%	$7.3M	$37.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4485	−0.222%	$38.5M	$55.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4485	−0.222%	$29.5M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4487	−0.178%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4491	−0.100%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4489	−0.138%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4489	−0.128%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4497	+0.039%	$597K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4488	−0.156%	$48K	$241K	50x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4495	long leg	$22K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4488	−0.156%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4483	−0.267%	$820K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4489	−0.133%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4487	−0.183%	$220K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4488	−0.157%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4491	−0.082%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4509	+0.309%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4491	−0.091%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.400%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4490	−0.105%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4495	0.000%	$4.8M	$921K	75x	as long as short
Hyperliquid WLD	+0.0295%	1h	0.4491	−0.087%	$48.6M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0505%	1h	0.4491	−0.084%	$856K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4497	+0.044%	$274K	$1.7M	50x	as long as short