Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1048%/8h= +114.8% APRpaid last 24h +0.279%

Price spread now: GMX against BloFin−0.129%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.129% cheaper against BloFin than usual: you would sell low and buy high (spread −0.129% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 10 hours of funding at the current rate (+$31 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLD-USDT	0.4585	0.0220	pay 0.0220% / 8h	0m 54s	$4.9M	$823K	75x
Short	GMX WLD/USD [ETH-USDC]	0.4579	L +0.0229% / S −0.1268%	get 0.0159% / 1h	0m 54s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.129%Rate

Funding earned: $220.1
Price spread: −0.129% → 0.000%: −$12.87
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $183.24
Costs to cover: 0.240%
Break-even: 1.2 days

Slippage unknown: BloFin: live order book, 8 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 BloFin live order book, 8 min ago	4.36 bp	10.4 bp −$10	15.1 bp −$151	40.6 bp −$4,061	137.6 bp −$68.8K
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	−0.0194%	8h	0.4578	−0.153%	$70K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4577	−0.178%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4587	+0.044%	$123K	$897K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4579	−0.126%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0004%	8h	0.4580	−0.109%	$7.0M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0038%	8h	0.4586	+0.022%	$28K	$906K	10x	as long as short
Nado WLD-PERP	+0.0040%	1h	0.4579	−0.131%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4584	−0.024%	$192K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4580	−0.109%	$54K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4584	−0.014%	$86.7M	$303.8M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4583	−0.044%	$65.9M	$82.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4582	−0.065%	$34.3M	$143.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4583	−0.044%	$7.5M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4583	−0.044%	$46.4M	$53.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4583	−0.044%	$30.3M	$26.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4584	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4585	0.000%	$136K	$283K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4578	−0.155%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4579	−0.134%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4581	−0.085%	$608K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4579	−0.131%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4581	−0.089%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4584	−0.022%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4584	−0.022%	$219	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4582	−0.065%	$853K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4582	−0.065%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4582	−0.074%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4586	+0.020%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4580	−0.120%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4578	−0.156%	—	—	20x	as long as short
BloFin WLD-USDTlong	+0.0220%	8h	0.4585	long leg	$4.9M	$823K	75x
GMX WLD/USD [ETH-USDC]short	L +0.0229% / S −0.1268%	1h	0.4579	−0.129%	$5K	—	100x
01 Exchange WLDUSD	+0.0264%	1h	0.4583	−0.035%	$328	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4585	0.000%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4580	−0.109%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0533%	1h	0.4591	+0.140%	$50.9M	$43.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0717%	1h	0.4588	+0.061%	$904K	$2.7M	50x	as long as short
Lighter WLD	+0.1280%	1h	0.4595	+0.207%	$5.2M	$2.0M	10x	as long as short