Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0129%/8h= −14.1% APRpaid last 24h −0.039%

Price spread now: Gate against GMX+0.006%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 Gate

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]	0.4561	L +0.0229% / S −0.1268%	pay 0.0029% / 1h	3m 45s	$5K	—	100x
Short	Gate WLD_USDT	0.4561	0.0100	get 0.0100% / 8h	4h 03m	$7.2M	$37.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.006%Rate

Funding earned: −$27.13
Price spread: +0.006% → 0.000%: $0.59
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$53.53
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: 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 GMX no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	1.10 bp	18.7 bp −$19	40.0 bp −$400	58.6 bp −$5,856	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
Nado WLD-PERP	−0.0046%	1h	0.4555	−0.137%	$241K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4564	+0.064%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4556	−0.104%	$53K	$4.6M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4560	−0.016%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0004%	8h	0.4561	+0.006%	$6.9M	$11.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4583	+0.488%	$6K	$185K	5.5x	as long as short
Lighter WLD	+0.0096%	1h	0.4570	+0.197%	$4.9M	$2.4M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4561	+0.006%	$28K	$885K	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4555	−0.128%	$46K	$2.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4564	+0.062%	$211K	$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	0.4553	−0.169%	$49K	$527K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4564	+0.072%	$86.5M	$328.7M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4562	+0.028%	$65.0M	$89.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4563	+0.050%	$34.3M	$149.9M	50x	as long as short
Gate WLD_USDTshort	+0.0100%	8h	0.4561	+0.006%	$7.2M	$37.0M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4562	+0.028%	$43.4M	$54.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4562	+0.028%	$30.2M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4561	+0.006%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4564	+0.067%	$136K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4556	−0.110%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4562	+0.020%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4561	+0.006%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4563	+0.050%	$43K	$238K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4560	−0.016%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4563	+0.050%	$172	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4554	−0.148%	$832K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4568	+0.159%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4559	−0.034%	$218K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4562	+0.028%	$31K	$600	3x	as long as short
01 Exchange WLDUSD	+0.0128%	1h	0.4555	−0.119%	$326	$80	5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4557	−0.076%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4568	+0.157%	$5K	$52K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0189%	1h	0.4562	+0.028%	$124K	$963K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4550	−0.235%	$4.9M	$827K	75x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0229% / S −0.1268%	1h	0.4561	long leg	$5K	—	100x
Hyperliquid WLD	+0.0334%	1h	0.4569	+0.184%	$50.2M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0481%	1h	0.4566	+0.108%	$881K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4561	+0.006%	$267K	$1.6M	50x	as long as short