Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0134%/8h= −14.7% APRpaid last 24h −0.027%

Price spread now: HTX against GMX−0.412%52s7-day average — · you buy dearer than you sell

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

Long on GMX Short on HTX

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 against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.412% cheaper against GMX than usual: you would sell low and buy high (−$41 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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	GMX WLD/USD [ETH-USDC]	0.4660	L +0.0234% / S −0.1403%	pay 0.0029% / 1h	36m 31s	$6K	—	100x
Short	HTX WLD-USDT	0.4641	0.0100	get 0.0100% / 8h	7h 36m	$864K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.412%Rate

Funding earned: −$28.14
Price spread: −0.412% → 0.000%: −$41.24
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$93.39
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: live order book, 2 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 HTX live order book, 2 min ago	18.38 bp	34.6 bp −$35	doesn't fit	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	−0.0186%	8h	0.4639	−0.455%	$51K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0032%	1h	0.4657	−0.069%	$280K	$169K	5x	as long as short
KuCoin WLDUSDTM	−0.0013%	8h	0.4653	−0.155%	$7.1M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4649	−0.235%	$166K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4660	−0.002%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4597	−1.357%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0042%	8h	0.4662	+0.038%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4653	−0.160%	$194K	$984K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4651	−0.191%	$54K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4660	−0.014%	$88.2M	$304.3M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4663	+0.060%	$67.1M	$82.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4662	+0.038%	$35.0M	$145.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4659	−0.026%	$7.6M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4659	−0.026%	$47.7M	$53.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4658	−0.048%	$30.9M	$26.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4661	+0.017%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4650	−0.215%	$138K	$280K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4618	−0.911%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4627	−0.723%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4630	−0.648%	$612K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4625	−0.756%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4659	−0.033%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4649	−0.241%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4645	−0.327%	$216	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4641	−0.412%	$864K	$1.8M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4643	−0.370%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4651	−0.192%	$235K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4645	−0.335%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4658	−0.052%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4629	−0.668%	$5K	$53K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0181%	1h	0.4646	−0.305%	$133K	$871K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4643	−0.370%	$4.9M	$834K	75x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0234% / S −0.1403%	1h	0.4660	long leg	$6K	—	100x
01 Exchange WLDUSD	+0.0248%	1h	0.4658	−0.043%	$333	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0324%	1h	0.4649	−0.236%	$916K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4641	−0.412%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0744%	1h	0.4666	+0.124%	$51.9M	$43.4M	10x	as long as short
Lighter WLD	+0.0920%	1h	0.4659	−0.020%	$5.3M	$2.0M	10x	as long as short