Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.2121%/8h= +232.3% APRpaid last 24h +0.290%

Price spread now: GMX against BingX−0.095%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 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 0.095% cheaper against BingX than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 4 hours of funding at the current rate (+$64 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLD-USDT	0.4569	0.0100	pay 0.0100% / 8h	1h 12m	—	$67.8M	—
Short	GMX WLD/USD [ETH-USDC]	0.4565	L +0.0260% / S −0.2221%	get 0.0278% / 1h	12m 57s	$9K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.095%Rate

Funding earned: $445.49
Price spread: −0.095% → 0.000%: −$9.52
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $413.97
Costs to cover: 0.220%
Break-even: 0.5 days

Slippage unknown: BingX: live order book, 6 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 BingX live order book, 6 min ago	1.09 bp	8.1 bp −$8	11.2 bp −$112	26.6 bp −$2,663	109.6 bp −$54.8K
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
Kalshi KXWLDPERP	−0.0299%	8h	0.4568	−0.022%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	+0.197%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4566	−0.074%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4566	−0.066%	$107K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4565	−0.086%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0006%	8h	0.4564	−0.109%	$28K	$912K	10x	as long as short
KuCoin WLDUSDTM	+0.0007%	8h	0.4566	−0.066%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0050%	1h	0.4563	−0.131%	$275K	$169K	5x	as long as short
Variational Omni WLD	+0.0094%	8h	0.4568	−0.023%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4570	+0.029%	$194K	$999K	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	0.4567	−0.041%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4570	+0.030%	$86.4M	$297.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4569	0.000%	$65.4M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4569	0.000%	$34.1M	$141.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4566	−0.066%	$7.4M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4569	0.000%	$49.0M	$52.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4567	−0.044%	$30.2M	$25.6M	75x	as long as short
BingX WLD-USDTlong	+0.0100%	8h	0.4569	long leg	—	$67.8M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4569	−0.002%	$129K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4570	+0.016%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4569	−0.007%	$614K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4567	−0.044%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4566	−0.070%	$41K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4570	+0.022%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4566	−0.066%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4564	−0.109%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4567	−0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4568	−0.031%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4567	−0.044%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4576	+0.160%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4563	−0.134%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0187%	1h	0.4570	+0.012%	$910K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4564	−0.109%	$4.9M	$811K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4569	−0.007%	$327	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0260% / S −0.2221%	1h	0.4565	−0.095%	$9K	—	100x
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4580	+0.241%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0700%	1h	0.4572	+0.068%	$49.6M	$43.2M	10x	as long as short
Lighter WLD	+0.1000%	1h	0.4578	+0.199%	$5.2M	$2.1M	10x	as long as short