Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1438%/8h= +157.4% APRpaid last 24h +0.313%

Price spread now: GMX against Binance−0.261%50s7-day average — · you buy dearer than you sell

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

Long on Binance Short on GMX

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

Funding pays, the price is against you. GMX is 0.261% cheaper against Binance than usual: you would sell low and buy high (spread −0.261% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 15 hours of funding at the current rate (+$43 a day). The two prices were read 50 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	Binance WLDUSDT	0.4767	0.0100	pay 0.0100% / 8h	7h 15m	$91.2M	$309.8M	75x
Short	GMX WLD/USD [ETH-USDC]	0.4755	L +0.0240% / S −0.1538%	get 0.0192% / 1h	15m 28s	$7K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.261%Rate

Funding earned: $301.91
Price spread: −0.261% → 0.000%: −$26.12
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $253.79
Costs to cover: 0.220%
Break-even: 1.1 days

Slippage unknown: Binance: live order book, 13 min ago; GMX: 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, 13 min ago	1.07 bp	9.0 bp −$9	14.6 bp −$146	42.8 bp −$4,281	200.1 bp −$100.1K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Phemex WLDUSDT	−0.0224%	8h	0.4759	−0.170%	$1.9M	$3.7M	50x	as long as short
Kalshi KXWLDPERP	−0.0165%	8h	0.4755	−0.254%	$30K	$4.0M	1.7x	as long as short
Nado WLD-PERP	−0.0033%	1h	0.4767	−0.002%	$277K	$178K	5x	as long as short
KuCoin WLDUSDTM	−0.0015%	8h	0.4761	−0.128%	$7.1M	$11.2M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4764	−0.072%	$170K	$12K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0002%	1h	0.4756	−0.232%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4744	−0.485%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0049%	8h	0.4758	−0.191%	$29K	$902K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4762	−0.107%	$213K	$979K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4765	−0.044%	$56K	$482K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDTlong	+0.0100%	8h	0.4767	long leg	$91.2M	$309.8M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4766	−0.023%	$69.1M	$83.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4765	−0.044%	$36.2M	$151.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4762	−0.107%	$7.7M	$36.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4766	−0.023%	$49.9M	$54.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4767	−0.002%	$31.9M	$27.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4764	−0.065%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4760	−0.158%	$141K	$277K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4758	−0.196%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4742	−0.517%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4751	−0.338%	$627K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4743	−0.506%	$57K	$232K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4768	+0.010%	$47K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4764	−0.065%	$24K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4761	−0.128%	$233	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4751	−0.338%	$881K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4762	−0.108%	$220K	$894K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4760	−0.143%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4765	−0.044%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4760	−0.143%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4745	−0.464%	$5.0M	$881K	75x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0240% / S −0.1538%	1h	0.4755	−0.261%	$7K	—	100x
01 Exchange WLDUSD	+0.0248%	1h	0.4769	+0.035%	$341	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0316%	1h	0.4765	−0.042%	$944K	$2.7M	50x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0380%	1h	0.4762	−0.107%	$136K	$863K	25x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4759	−0.170%	$278K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0875%	1h	0.4775	+0.168%	$53.6M	$44.0M	10x	as long as short
Lighter WLD	+0.1016%	1h	0.4773	+0.132%	$5.4M	$2.0M	10x	as long as short