Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0129%/8h= −14.1% APRpaid last 24h −0.028%

Price spread now: SunX against GMX+0.087%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 SunX

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 pays, funding is against you. SunX is 0.087% dearer against GMX than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLD/USD [ETH-USDC]	0.4564	L +0.0229% / S −0.1268%	pay 0.0029% / 1h	55m 33s	$5K	—	100x
Short	SunX WLD-USDT	0.4568	0.0100	get 0.0100% / 8h	3h 55m	$23K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$27.13
Price spread: +0.087% → 0.000%: $8.7
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$38.43
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; SunX: live order book, 10 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 SunX live order book, 10 min ago	29.63 bp	46.1 bp −$46	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
Polymarket Perps WLD-USD	−0.0014%	1h	0.4585	+0.466%	$40K	$2.2M	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4581	+0.376%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4564	−0.001%	$54K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4563	−0.023%	$124K	$963K	25x	as long as short
Nado WLD-PERP	+0.0002%	1h	0.4584	+0.438%	$243K	$205K	5x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4565	+0.019%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0015%	8h	0.4563	−0.023%	$6.9M	$11.7M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4563	−0.023%	$28K	$884K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4565	+0.025%	$211K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4579	+0.337%	$49K	$525K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4585	+0.459%	$86.9M	$329.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4583	+0.416%	$65.3M	$89.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4586	+0.481%	$34.5M	$151.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4581	+0.372%	$7.3M	$36.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4580	+0.350%	$43.5M	$54.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4578	+0.306%	$30.3M	$30.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4580	+0.350%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4564	+0.006%	$136K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4560	−0.095%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4568	+0.092%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4569	+0.109%	$604K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4566	+0.043%	$43K	$238K	50x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4568	+0.087%	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4561	−0.066%	$208	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	+0.065%	$835K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4567	+0.065%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4579	+0.333%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4564	−0.001%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4560	−0.094%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4583	+0.416%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4567	+0.054%	$5K	$51K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4562	−0.044%	$4.9M	$829K	75x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0229% / S −0.1268%	1h	0.4564	long leg	$5K	—	100x
01 Exchange WLDUSD	+0.0288%	1h	0.4590	+0.560%	$328	$80	5x	as long as short
Hyperliquid WLD	+0.0320%	1h	0.4571	+0.144%	$50.2M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0520%	1h	0.4563	−0.013%	$881K	$2.8M	50x	as long as short
Lighter WLD	+0.0544%	1h	0.4589	+0.549%	$5.1M	$2.5M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4569	+0.109%	$268K	$1.6M	50x	as long as short