Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.049%

Price spread now: MEXC against GMX+0.003%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 MEXC

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

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]	0.4490	L +0.0223% / S −0.1107%	pay 0.0028% / 1h	11m 02s	$5K	—	100x
Short	MEXC WLD_USDT	0.4490	0.0100	get 0.0100% / 8h	4h 11m	$42.5M	$56.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$25.86
Price spread: +0.003% → 0.000%: $0.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$37.53
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.11 bp	1.1 bp −$1	2.5 bp −$25	14.0 bp −$1,403	53.2 bp −$26.6K

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
Kraken Futures PF_WLDUSD	−0.0186%	1h	0.4493	+0.080%	$845K	$2.6M	50x	as long as short
Nado WLD-PERP	−0.0120%	1h	0.4486	−0.075%	$234K	$132K	5x	as long as short
Polymarket Perps WLD-USD	−0.0107%	1h	0.4488	−0.037%	$38K	$2.5M	10x	as long as short
Gate WLD_USDT	−0.0091%	8h	0.4489	−0.019%	$7.1M	$31.0M	75x	as long as short
Bybit WLDUSDT	−0.0059%	8h	0.4489	−0.019%	$64.2M	$84.0M	50x	as long as short
KuCoin WLDUSDTM	−0.0028%	8h	0.4488	−0.041%	$6.6M	$10.1M	50x	as long as short
Variational Omni WLD	−0.0003%	8h	0.4491	+0.031%	$2.1M	$1.4M	—	as long as short
dYdX WLD-USD	0.0000%	1h	0.4491	+0.018%	$153K	$31K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4493	+0.070%	$40K	$4.1M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4490	+0.003%	$106K	$1.0M	25x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4491	+0.015%	$65K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0033%	1h	0.4477	−0.286%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0036%	1h	0.4493	+0.070%	$4K	$41K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0069%	8h	0.4488	−0.041%	$27K	$113K	10x	as long as short
01 Exchange WLDUSD	+0.0080%	1h	0.4491	+0.032%	$321	$55	5x	as long as short
OKX WLD-USDT-SWAP	+0.0081%	8h	0.4488	−0.041%	$34.6M	$140.8M	50x	as long as short
Lighter WLD	+0.0096%	1h	0.4496	+0.128%	$4.9M	$3.0M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4490	+0.003%	$211K	$905K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4491	+0.026%	$64K	$505K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4489	−0.020%	$85.2M	$309.1M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4490	+0.003%	$42.5M	$56.2M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4488	−0.041%	$29.4M	$28.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4490	+0.003%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4490	+0.001%	$127K	$274K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4491	+0.021%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4495	+0.104%	$594K	$2.4M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4491	+0.026%	$48K	$248K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4494	+0.092%	$23K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4489	−0.019%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4485	−0.108%	$822K	$1.1M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4491	+0.026%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4486	−0.076%	$212K	$645K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4490	+0.003%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4487	−0.058%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4491	+0.026%	$4.8M	$872K	75x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0223% / S −0.1107%	1h	0.4490	long leg	$5K	—	100x
Coinbase International WLD-PERP-INTX	+0.0264%	1h	0.4497	+0.159%	$272K	$972K	50x	as long as short
Hyperliquid WLD	+0.0573%	1h	0.4497	+0.166%	$52.1M	$28.3M	10x	as long as short