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 +0.296%

Price spread now: GMX against Gate+0.082%7-day average — · you sell dearer than you buy

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

Long on Gate 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

Both sides work for this trade now. Funding pays +$52 a day on $10k at the current rate, and GMX is 0.082% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4584	0.0100	pay 0.0100% / 8h	2h 51m	$7.5M	$34.0M	75x
Short	GMX WLD/USD [ETH-USDC]	0.4588	L +0.0223% / S −0.1831%	get 0.0229% / 1h	51m 56s	$9K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.082%Rate

Funding earned: $363.56
Price spread: +0.082% → 0.000%: $8.18
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $344.74
Costs to cover: 0.270%
Break-even: 0.4 days

Slippage unknown: Gate: 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 Gate live order book, 2 min ago	2.17 bp	15.0 bp −$15	38.3 bp −$383	84.4 bp −$8,437	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	−0.0406%	8h	0.4587	+0.065%	$31K	$3.7M	1.7x	as long as short
Variational Omni WLD	−0.0069%	8h	0.4630	+1.014%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0029%	8h	0.4589	+0.109%	$28K	$921K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4592	+0.175%	$157K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4590	+0.131%	$154K	$785K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4588	+0.080%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0014%	8h	0.4585	+0.022%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0038%	8h	0.4586	+0.044%	$34.7M	$137.6M	50x	as long as short
Phoenix WLD	+0.0052%	1h	0.4597	+0.292%	$5K	$52K	10x	as long as short
Bybit WLDUSDT	+0.0064%	8h	0.4588	+0.087%	$67.4M	$78.4M	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	+0.0077%	1h	0.4586	+0.044%	$274K	$168K	5x	as long as short
MEXC WLD_USDT	+0.0087%	8h	0.4588	+0.087%	$53.7M	$46.4M	300x	as long as short
Binance WLDUSDT	+0.0088%	8h	0.4586	+0.049%	$87.6M	$289.0M	75x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4588	+0.087%	$210K	$977K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4591	+0.155%	$55K	$475K	5x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4584	long leg	$7.5M	$34.0M	75x
Bitget WLDUSDT	+0.0100%	8h	0.4581	−0.065%	$30.3M	$24.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4586	+0.044%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4588	+0.094%	$130K	$281K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4620	+0.776%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4607	+0.501%	$624K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4632	+1.047%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4587	+0.061%	$56K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4589	+0.109%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4588	+0.087%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4583	−0.022%	$862K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4588	+0.087%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4583	−0.031%	$134K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4592	+0.180%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4584	+0.002%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0208%	8h	0.4593	+0.196%	$5.0M	$881K	75x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0223% / S −0.1831%	1h	0.4588	+0.082%	$9K	—	100x
Hyperliquid WLD	+0.0352%	1h	0.4593	+0.196%	$47.7M	$40.4M	10x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+0.829%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4593	+0.196%	$276K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0896%	1h	0.4592	+0.179%	$329	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.1087%	1h	0.4591	+0.149%	$921K	$2.5M	50x	as long as short
Lighter WLD	+0.1104%	1h	0.4598	+0.308%	$5.1M	$1.9M	10x	as long as short