Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h −0.046%

Price spread now: Binance against GMX+0.014%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 Binance

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: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLD/USD [ETH-USDC]	0.4519	L +0.0219% / S −0.0967%	pay 0.0027% / 1h	1m 49s	$4K	—	100x
Short	Binance WLDUSDT	0.4520	0.0100	get 0.0100% / 8h	1m 49s	$86.7M	$333.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.014%Rate

Funding earned: −$24.99
Price spread: +0.014% → 0.000%: $1.36
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.63
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 12 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 Binance live order book, 12 min ago	1.11 bp	7.7 bp −$8	14.9 bp −$149	54.2 bp −$5,422	180.8 bp −$90.4K

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
Injective WLD/USDC PERP	−0.0309%	1h	0.4508	−0.244%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4519	−0.003%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4517	−0.045%	$46K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4521	+0.044%	$136K	$986K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4520	+0.024%	$65K	—	150x	as long as short
Nado WLD-PERP	+0.0004%	1h	0.4517	−0.045%	$234K	$175K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4519	0.000%	$27K	$645K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4519	−0.008%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4519	−0.009%	$54K	$543K	5x	as long as short
Binance WLDUSDTshort	+0.0100%	8h	0.4520	+0.014%	$86.7M	$333.2M	75x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4517	−0.045%	$63.9M	$89.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4519	0.000%	$34.1M	$150.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4518	−0.023%	$7.0M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4519	0.000%	$41.9M	$57.2M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4518	−0.023%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4519	0.000%	$29.8M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4518	−0.023%	—	$20.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4521	+0.037%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4509	−0.224%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4515	−0.097%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4518	−0.023%	$606K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4515	−0.089%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4521	+0.033%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4523	+0.088%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4521	+0.044%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4515	−0.089%	$826K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4520	+0.022%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4516	−0.058%	$208K	$878K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4521	+0.033%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4518	−0.014%	—	—	20x	as long as short
Phoenix WLD	+0.0177%	1h	0.4519	+0.004%	$4K	$43K	10x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0219% / S −0.0967%	1h	0.4519	long leg	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4515	−0.089%	$4.8M	$896K	75x	as long as short
01 Exchange WLDUSD	+0.0224%	1h	0.4523	+0.090%	$324	$55	5x	as long as short
Lighter WLD	+0.0272%	1h	0.4527	+0.179%	$4.9M	$2.9M	10x	as long as short
Hyperliquid WLD	+0.0403%	1h	0.4524	+0.108%	$50.3M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4523	+0.088%	$268K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0457%	1h	0.4522	+0.071%	$869K	$2.8M	50x	as long as short