Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0097%/8h= −10.7% APRpaid last 24h −0.015%

Price spread now: gTrade (Gains Network) against Binance+0.001%7-day average — · you sell dearer than you buy

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

Long on Binance Short on gTrade (Gains Network)

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLDUSDT	0.4515	0.0100	pay 0.0100% / 8h	3h 09m	$85.9M	$332.0M	75x
Short	gTrade (Gains Network) WLD/USD	0.4515	L +0.0003% / S −0.0003%	get 0.0000% / 1h	9m 43s	$65K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.001%Rate

Funding earned: −$20.43
Price spread: +0.001% → 0.000%: $0.06
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$40.36
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 4 min ago; gTrade (Gains Network): 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 Binance live order book, 4 min ago	1.11 bp	7.2 bp −$7	13.3 bp −$133	57.5 bp −$5,752	239.0 bp −$119.5K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Nado WLD-PERP	−0.0027%	1h	0.4516	+0.026%	$239K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4515	+0.008%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4516	+0.026%	$65K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4515	+0.003%	$119K	$988K	25x	as long as short
gTrade (Gains Network) WLD/USDshort	L +0.0003% / S −0.0003%	1h	0.4515	+0.001%	$65K	—	150x
KuCoin WLDUSDTM	+0.0032%	8h	0.4511	−0.085%	$6.8M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4515	+0.003%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4519	+0.089%	$211K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4519	+0.092%	$50K	$526K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4515	long leg	$85.9M	$332.0M	75x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4510	−0.107%	$64.0M	$90.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4512	−0.063%	$34.1M	$150.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4512	−0.063%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4513	−0.041%	$40.0M	$55.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4512	−0.063%	$29.7M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4513	−0.041%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4514	−0.028%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4516	+0.018%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4527	+0.270%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4527	+0.269%	$600K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4529	+0.314%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4515	+0.010%	$49K	$2.2M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4519	+0.092%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4514	−0.019%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4512	−0.063%	$824K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4515	+0.003%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4511	−0.079%	$214K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4515	+0.008%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4515	+0.007%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4538	+0.513%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4532	+0.389%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4518	+0.070%	$4.8M	$877K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4514	−0.008%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4517	+0.039%	$323	$55	5x	as long as short
Hyperliquid WLD	+0.0312%	1h	0.4519	+0.094%	$49.3M	$43.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0526%	1h	0.4515	+0.012%	$866K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4523	+0.181%	$263K	$1.6M	50x	as long as short
Lighter WLD	+0.0712%	1h	0.4521	+0.134%	$4.9M	$2.9M	10x	as long as short