Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0218%/8h= −23.9% APRpaid last 24h −0.092%

Price spread now: Kalshi against GMX−0.112%7-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 Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 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 −$7 a day on $10k at the current rate, and Kalshi is 0.112% cheaper against GMX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLD/USD [ETH-USDC]	0.4442	L +0.0218% / S −0.0967%	pay 0.0027% / 1h	28m 54s	$4K	—	100x
Short	Kalshi KXWLDPERP	0.4437	0	get 0.0000% / 8h	1h 28m	$83K	$4.2M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now −0.112%Rate

Funding earned: −$45.84
Price spread: −0.112% → 0.000%: −$11.19
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$79.03
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kalshi: live order book, 3 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 Kalshi live order book, 3 min ago	5.64 bp	12.2 bp −$12	22.2 bp −$222	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 exchanges

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
Polymarket Perps WLD-USD	−0.0431%	1h	0.4436	−0.130%	$42K	$2.7M	10x	as long as short
Kraken Futures PF_WLDUSD	−0.0194%	1h	0.4441	−0.014%	$844K	$2.6M	50x	as long as short
01 Exchange WLDUSD	−0.0192%	1h	0.4441	−0.020%	$318	$55	5x	as long as short
Bybit WLDUSDT	−0.0160%	8h	0.4436	−0.134%	$63.1M	$85.1M	50x	as long as short
Nado WLD-PERP	−0.0145%	1h	0.4438	−0.078%	$232K	$158K	5x	as long as short
Gate WLD_USDT	−0.0104%	8h	0.4439	−0.067%	$7.0M	$31.5M	75x	as long as short
Kalshi KXWLDPERPshort	0.0000%	8h	0.4437	−0.112%	$83K	$4.2M	1.7x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4442	+0.001%	$100K	$1.1M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4433	−0.210%	$64K	—	150x	as long as short
dYdX WLD-USD	+0.0006%	1h	0.4438	−0.081%	$152K	$31K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	+0.789%	$6K	$185K	5.5x	as long as short
KuCoin WLDUSDTM	+0.0029%	8h	0.4439	−0.067%	$6.8M	$10.2M	50x	as long as short
Variational Omni WLD	+0.0042%	8h	0.4431	−0.237%	$2.0M	$1.4M	—	as long as short
Phoenix WLD	+0.0053%	1h	0.4439	−0.071%	$4K	$40K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0086%	8h	0.4440	−0.044%	$27K	$295K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4446	+0.088%	$4.8M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4444	+0.039%	$49.5M	$29.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4440	−0.046%	$217K	$899K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4439	−0.067%	$59K	$506K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4437	−0.110%	$84.0M	$314.4M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4436	−0.134%	$33.9M	$140.5M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4440	−0.044%	$40.1M	$55.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4437	−0.112%	$29.0M	$28.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4438	−0.089%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4441	−0.024%	$125K	$275K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4430	−0.278%	$26K	$323K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4434	−0.180%	$584K	$2.3M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4433	−0.202%	$47K	$248K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4445	+0.068%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4440	−0.044%	$227	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4437	−0.112%	$813K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4440	−0.044%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4437	−0.111%	$209K	$652K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4442	−0.007%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4433	−0.192%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0218% / S −0.0967%	1h	0.4442	long leg	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4441	−0.022%	$4.7M	$906K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4441	−0.022%	$270K	$966K	50x	as long as short