Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1731%/8h= +189.6% APRpaid last 24h +0.270%

Price spread now: GMX against Bitget−0.078%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.078% cheaper against Bitget than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 4 hours of funding at the current rate (+$52 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WLDUSDT	0.4623	0.0100	pay 0.0100% / 8h	2h 55m	$30.5M	$24.9M	75x
Short	GMX WLD/USD [ETH-USDC]	0.4619	L +0.0223% / S −0.1831%	get 0.0229% / 1h	55m 30s	$9K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now −0.078%Rate

Funding earned: $363.56
Price spread: −0.078% → 0.000%: −$7.79
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $331.77
Costs to cover: 0.240%
Break-even: 0.6 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	2.16 bp	14.6 bp −$15	28.0 bp −$280	80.6 bp −$8,060	doesn't fit
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	−0.0313%	8h	0.4623	0.000%	$31K	$3.7M	1.7x	as long as short
Phoenix WLD	−0.0091%	1h	0.4637	+0.311%	$2K	$52K	10x	as long as short
Variational Omni WLD	−0.0069%	8h	0.4630	+0.162%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0029%	8h	0.4621	−0.043%	$28K	$922K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4625	+0.042%	$158K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4624	+0.022%	$156K	$781K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4619	−0.076%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0013%	8h	0.4620	−0.065%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0032%	8h	0.4613	−0.216%	$34.9M	$137.9M	50x	as long as short
Bybit WLDUSDT	+0.0055%	8h	0.4616	−0.151%	$67.9M	$78.5M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLD-PERP	+0.0076%	1h	0.4619	−0.076%	$357K	$127K	5x	as long as short
MEXC WLD_USDT	+0.0084%	8h	0.4623	0.000%	$54.6M	$46.0M	300x	as long as short
Binance WLDUSDT	+0.0087%	8h	0.4617	−0.137%	$88.3M	$288.3M	75x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4626	+0.074%	$211K	$984K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4624	+0.018%	$55K	$475K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4621	−0.043%	$7.6M	$33.8M	75x	as long as short
Bitget WLDUSDTlong	+0.0100%	8h	0.4623	long leg	$30.5M	$24.9M	75x
BingX WLD-USDT	+0.0100%	8h	0.4623	0.000%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4622	−0.032%	$131K	$282K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4629	+0.135%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4633	+0.223%	$627K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4632	+0.195%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4620	−0.069%	$57K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4628	+0.108%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4622	−0.022%	$202	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4618	−0.108%	$869K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4622	−0.022%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4623	+0.010%	$135K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4623	−0.009%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4619	−0.085%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0204%	8h	0.4627	+0.087%	$5.0M	$876K	75x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0223% / S −0.1831%	1h	0.4619	−0.078%	$9K	—	100x
01 Exchange WLDUSD	+0.0240%	1h	0.4628	+0.117%	$331	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4647	+0.519%	$6K	$90K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4624	+0.022%	$275K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0437%	1h	0.4631	+0.173%	$48.2M	$40.4M	10x	as long as short
Lighter WLD	+0.0880%	1h	0.4634	+0.234%	$5.1M	$1.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1078%	1h	0.4626	+0.062%	$928K	$2.5M	50x	as long as short