Funding you earn now, next payment 00:00 UTC+0.2221%/8h= +243.2% APRnext payment +$2.78 per $10,000 · paid last 24h +0.340%
Price spread now: GMX against Deribit−0.025%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 0.025% cheaper against Deribit than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about under an hour of funding at the current rate (+$67 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit WLD_USDC-PERPETUAL | 0.4626 | 0 | get 0.0000% / 1h | 52m 41s | $110K | $881K | 25x |
| Short | GMX WLD/USD [ETH-USDC] | 0.4625 | L +0.0261% / S −0.2221% | get 0.0278% / 1h | 52m 41s | $9K | — | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $466.49
- Price spread: −0.025% → 0.000%
- −$2.49
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $445
- Costs to cover
- 0.190%
- Break-even
- 0.3 days
Slippage unknown: Deribit: live order book, 26 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 Deribit live order book, 26 min ago | 4.37 bp | 7.9 bp −$8 | 16.8 bp −$168 | doesn't fit | 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 | −0.0243% | 8h | 0.4626 | 0.000% | $42K | $3.8M | 1.7x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4618 | −0.180% | $165K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUALlong | 0.0000% | 1h | 0.4626 | long leg | $110K | $881K | 25x | |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4626 | −0.007% | $58K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0010% | 8h | 0.4626 | 0.000% | $28K | $909K | 10x | as long as short |
| KuCoin WLDUSDTM | +0.0015% | 8h | 0.4617 | −0.195% | $7.1M | $10.9M | 50x | as long as short |
| Nado WLD-PERP | +0.0076% | 1h | 0.4625 | −0.032% | $278K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4620 | −0.127% | $196K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4621 | −0.116% | $53K | $481K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4619 | −0.152% | $87.5M | $298.5M | 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 | 0.4619 | −0.151% | $66.1M | $82.3M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4619 | −0.151% | $34.5M | $143.0M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4621 | −0.108% | $7.5M | $35.2M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4620 | −0.130% | $49.7M | $51.5M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4619 | −0.151% | $30.5M | $25.7M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4618 | −0.173% | — | $67.9M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4626 | +0.002% | $131K | $269K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4623 | −0.068% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4624 | −0.041% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4635 | +0.193% | $626K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4624 | −0.043% | $56K | $228K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4628 | +0.054% | $42K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4632 | +0.130% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4626 | 0.000% | $208 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4624 | −0.043% | $873K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4624 | −0.043% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4618 | −0.171% | $237K | $859K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4627 | +0.032% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0104% | 1h | 0.4632 | +0.141% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4625 | −0.019% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4625 | −0.022% | $4.9M | $824K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC]short | L +0.0261% / S −0.2221% | 1h | 0.4625 | −0.025% | $9K | — | 100x | |
| 01 Exchange WLDUSD | +0.0272% | 1h | 0.4627 | +0.017% | $331 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0373% | 1h | 0.4612 | −0.303% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4638 | +0.259% | $276K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0613% | 1h | 0.4625 | −0.032% | $50.3M | $42.8M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0710% | 1h | 0.4631 | +0.100% | $924K | $2.6M | 50x | as long as short |
| Lighter WLD | +0.1560% | 1h | 0.4631 | +0.104% | $5.2M | $2.0M | 10x | as long as short |
Deribit WLD_USDC-PERPETUAL
GMX WLD/USD [ETH-USDC]
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Phoenix WLD
BloFin WLD-USDT
01 Exchange WLDUSD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD