Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.034%

Price spread now: Aster against GMX+0.026%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.026% dearer against GMX than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLD/USD [ETH-USDC]	0.4631	L +0.0223% / S −0.1831%	pay 0.0028% / 1h	56m 42s	$9K	—	100x
Short	Aster WLDUSDT	0.4632	0.0100	get 0.0100% / 8h	2h 56m	$212K	$984K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$25.89
Price spread: +0.026% → 0.000%: $2.59
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$43.3
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 31 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 31 min ago	3.28 bp	21.3 bp −$21	42.8 bp −$428	doesn't fit	doesn't fit

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	−0.0297%	8h	0.4628	−0.056%	$31K	$3.7M	1.7x	as long as short
Phoenix WLD	−0.0091%	1h	0.4637	+0.147%	$2K	$52K	10x	as long as short
Variational Omni WLD	−0.0081%	8h	0.4652	+0.453%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0029%	8h	0.4629	−0.035%	$28K	$922K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4631	+0.007%	$158K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4630	−0.013%	$156K	$784K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4631	−0.001%	$58K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0012%	8h	0.4625	−0.121%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0030%	8h	0.4617	−0.294%	$35.0M	$138.0M	50x	as long as short
Bybit WLDUSDT	+0.0052%	8h	0.4629	−0.035%	$68.1M	$78.7M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC WLD_USDT	+0.0084%	8h	0.4629	−0.035%	$54.9M	$46.0M	300x	as long as short
Binance WLDUSDT	+0.0085%	8h	0.4629	−0.034%	$88.6M	$290.1M	75x	as long as short
Nado WLD-PERP	+0.0100%	1h	0.4628	−0.056%	$358K	$130K	5x	as long as short
Aster WLDUSDTshort	+0.0100%	8h	0.4632	+0.026%	$212K	$984K	50x
Pacifica WLD	+0.0100%	1h	0.4630	−0.004%	$56K	$475K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4621	−0.208%	$7.6M	$33.8M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4618	−0.272%	$30.4M	$24.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4621	−0.208%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4630	−0.017%	$131K	$293K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4638	+0.164%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4635	+0.095%	$624K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4638	+0.160%	$56K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4631	+0.013%	$57K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4633	+0.052%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4628	−0.056%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	−0.143%	$870K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4625	−0.121%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4620	−0.229%	$135K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4629	−0.024%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4631	−0.001%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0204%	8h	0.4627	−0.078%	$5.0M	$876K	75x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0223% / S −0.1831%	1h	0.4631	long leg	$9K	—	100x
01 Exchange WLDUSD	+0.0240%	1h	0.4622	−0.186%	$331	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4647	+0.354%	$6K	$90K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4635	+0.095%	$276K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0457%	1h	0.4637	+0.129%	$48.2M	$40.4M	10x	as long as short
Lighter WLD	+0.0880%	1h	0.4640	+0.207%	$5.1M	$1.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1077%	1h	0.4630	−0.010%	$928K	$2.5M	50x	as long as short