Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.024%

Price spread now: BingX against gTrade (Gains Network)+0.181%46s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on BingX

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.181% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WLD/USD	0.4527	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	19m 28s	$65K	—	150x
Short	BingX WLD-USDT	0.4535	0.0100	get 0.0100% / 8h	2h 19m	—	$70.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now +0.181%Rate

Funding earned: $20.33
Price spread: +0.181% → 0.000%: $18.07
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $18.4
Costs to cover: 0.200%
Break-even: 0.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 5 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	1.12 bp	8.3 bp −$8	10.9 bp −$109	22.9 bp −$2,292	85.7 bp −$42.9K

gTrade (Gains Network): 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
Nado WLD-PERP	−0.0058%	1h	0.4533	+0.148%	$244K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4536	+0.207%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4510	−0.372%	$59K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USDlong	L +0.0003% / S −0.0003%	1h	0.4527	long leg	$65K	—	150x
01 Exchange WLDUSD	+0.0048%	1h	0.4538	+0.245%	$325	$55	5x	as long as short
KuCoin WLDUSDTM	+0.0049%	8h	0.4528	+0.026%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0058%	1h	0.4534	+0.156%	$42K	$2.4M	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4538	+0.249%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4526	−0.018%	$28K	$798K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4533	+0.146%	$226K	$1.1M	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	0.4535	+0.187%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4536	+0.203%	$86.4M	$338.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4536	+0.203%	$64.6M	$91.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4537	+0.225%	$34.3M	$154.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4536	+0.203%	$7.2M	$37.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4534	+0.159%	$39.1M	$56.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4535	+0.181%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDTshort	+0.0100%	8h	0.4535	+0.181%	—	$70.1M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4532	+0.121%	$135K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4510	−0.378%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4512	−0.327%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4491	−0.796%	$599K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4482	−0.990%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4533	+0.137%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4529	+0.048%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.151%	$827K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4529	+0.048%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4533	+0.141%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4526	−0.013%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4535	+0.175%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4514	−0.274%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	−0.305%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4527	−0.001%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4507	−0.438%	$4.8M	$915K	75x	as long as short
Hyperliquid WLD	+0.0255%	1h	0.4540	+0.300%	$49.1M	$44.0M	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0413%	1h	0.4529	+0.048%	$145K	$1.0M	25x	as long as short
Kraken Futures PF_WLDUSD	+0.0500%	1h	0.4533	+0.144%	$863K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4531	+0.092%	$276K	$1.7M	50x	as long as short