Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0207%/8h= +22.7% APRpaid last 24h +0.299%

Price spread now: GMX against Bybit+0.008%7-day average — · you sell dearer than you buy

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

Long on Bybit 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLDUSDT	0.4549	0.0100	pay 0.0100% / 8h	2h 32m	$65.1M	$80.1M	50x
Short	GMX WLD/USD [ETH-USDC]	0.4549	L +0.0217% / S −0.0307%	get 0.0038% / 1h	32m 06s	$12K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $43.5
Price spread: +0.008% → 0.000%: $0.79
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: $21.29
Costs to cover: 0.230%
Break-even: 3.6 days

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	1.10 bp	7.9 bp −$8	18.8 bp −$188	120.4 bp −$12.0K	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	−0.0515%	8h	0.4551	+0.044%	$44K	$3.8M	1.7x	as long as short
Variational Omni WLD	−0.0030%	8h	0.4535	−0.300%	$2.1M	$1.6M	—	as long as short
Orderly PERP_WLD_USDC	−0.0025%	8h	0.4549	0.000%	$28K	$917K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4551	+0.050%	$155K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4550	+0.022%	$128K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4550	+0.033%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0019%	8h	0.4548	−0.022%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0044%	1h	0.4547	−0.044%	$271K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4536	−0.292%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0062%	8h	0.4550	+0.022%	$34.0M	$138.0M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLD	+0.0100%	1h	0.4555	+0.125%	$47.1M	$40.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4552	+0.073%	$215K	$981K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4552	+0.077%	$51K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4550	+0.022%	$85.7M	$291.9M	75x	as long as short
Bybit WLDUSDTlong	+0.0100%	8h	0.4549	long leg	$65.1M	$80.1M	50x
Gate WLD_USDT	+0.0100%	8h	0.4550	+0.022%	$7.4M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4549	0.000%	$53.0M	$47.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4548	−0.022%	$30.1M	$25.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4551	+0.044%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4552	+0.073%	$129K	$275K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4538	−0.242%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4547	−0.040%	$614K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4543	−0.132%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4550	+0.011%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4556	+0.154%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4549	0.000%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4548	−0.022%	$858K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4550	+0.022%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4547	−0.033%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4550	+0.032%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4548	−0.015%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0217% / S −0.0307%	1h	0.4549	+0.008%	$12K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4545	−0.088%	$4.9M	$801K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.605%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4556	+0.154%	$280K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0440%	1h	0.4554	+0.103%	$326	$77	5x	as long as short
Lighter WLD	+0.1048%	1h	0.4560	+0.248%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1096%	1h	0.4552	+0.069%	$922K	$2.6M	50x	as long as short