Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.025%

Price spread now: gTrade (Gains Network) against BingX−0.137%7-day average — · you buy dearer than you sell

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

Long on BingX 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.137% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLD-USDC	0.4489	0.0100	pay 0.0100% / 8h	2h 22m	—	$1.3M	—
Short	gTrade (Gains Network) WLD/USD	0.4483	L +0.0003% / S −0.0003%	get 0.0000% / 1h	22m 58s	$65K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BingX. 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 BingXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.137%Rate

Funding earned: −$20.42
Price spread: −0.137% → 0.000%: −$13.66
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$54.08
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 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 BingX live order book, 7 min ago	2.23 bp	15.0 bp −$15	60.7 bp −$607	491.8 bp −$49.2K	768.9 bp −$384.4K
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	−0.0054%	1h	0.4481	−0.167%	$241K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4487	−0.053%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4484	−0.111%	$69K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4485	−0.089%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USDshort	L +0.0003% / S −0.0003%	1h	0.4483	−0.137%	$65K	—	150x
Polymarket Perps WLD-USD	+0.0038%	1h	0.4479	−0.218%	$41K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0040%	1h	0.4481	−0.172%	$321	$55	5x	as long as short
KuCoin WLDUSDTM	+0.0047%	8h	0.4488	−0.022%	$6.7M	$11.9M	50x	as long as short
Lighter WLD	+0.0096%	1h	0.4490	+0.016%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4482	−0.156%	$28K	$798K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4490	+0.026%	$224K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4486	−0.066%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4490	+0.018%	$85.5M	$338.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4488	−0.022%	$63.9M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4489	0.000%	$33.9M	$152.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4486	−0.067%	$7.3M	$37.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4490	+0.022%	$38.9M	$55.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4489	0.000%	$29.5M	$30.9M	75x	as long as short
BingX WLD-USDClong	+0.0100%	8h	0.4489	long leg	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4488	−0.020%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4475	−0.317%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4470	−0.418%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4485	−0.094%	$592K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4473	−0.356%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4486	−0.067%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4484	−0.111%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4481	−0.178%	$820K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4486	−0.067%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4488	−0.016%	$219K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4484	−0.105%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4480	−0.206%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4480	−0.203%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.535%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4482	−0.162%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4488	−0.022%	$4.8M	$920K	75x	as long as short
Hyperliquid WLD	+0.0253%	1h	0.4491	+0.033%	$48.5M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0505%	1h	0.4486	−0.074%	$853K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4497	+0.178%	$273K	$1.6M	50x	as long as short