Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1415%/8h= +155.0% APRpaid last 24h +0.372%

Price spread now: GMX against Kalshi+0.252%7-day average — · you sell dearer than you buy

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

Long on Kalshi Short on GMX

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 for this trade now. Funding pays +$42 a day on $10k at the current rate, and GMX is 0.252% dearer against Kalshi than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4657	−0.0147	get 0.0147% / 8h	2h 20m	$45K	$4.4M	1.7x
Short	GMX WLD/USD [ETH-USDC]	0.4669	L +0.0230% / S −0.1268%	get 0.0159% / 1h	20m 47s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kalshi. 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 KalshibpFee GMXbpOrdersPrice spread, now +0.252%Rate

Funding earned: $297.24
Price spread: +0.252% → 0.000%: $25.17
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $300.4
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Kalshi: live order book, 3 min ago; GMX: no order-book sample. 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 Kalshi live order book, 3 min ago	1.07 bp	12.2 bp −$12	23.0 bp −$230	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 37 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
Injective WLD/USDC PERP	−0.0235%	1h	0.4615	−0.902%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERPlong	−0.0147%	8h	0.4657	long leg	$45K	$4.4M	1.7x
KuCoin WLDUSDTM	−0.0048%	8h	0.4662	+0.107%	$7.0M	$11.5M	50x	as long as short
Nado WLD-PERP	−0.0002%	1h	0.4668	+0.236%	$271K	$189K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4667	+0.205%	$166K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4667	+0.215%	$121K	$917K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4667	+0.221%	$56K	—	150x	as long as short
Gate WLD_USDT	+0.0049%	8h	0.4669	+0.258%	$7.3M	$37.8M	75x	as long as short
Orderly PERP_WLD_USDC	+0.0059%	8h	0.4667	+0.215%	$28K	$897K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4715	+1.237%	$5K	$54K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4664	+0.155%	$179K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4667	+0.207%	$56K	$506K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4670	+0.273%	$88.7M	$325.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4668	+0.236%	$66.6M	$87.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4666	+0.193%	$35.2M	$152.7M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4669	+0.258%	$46.3M	$55.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4667	+0.215%	$31.1M	$29.4M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4670	+0.279%	—	$67.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4663	+0.133%	$138K	$294K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4664	+0.143%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4679	+0.476%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4690	+0.698%	$622K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4678	+0.451%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4669	+0.268%	$55K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4669	+0.258%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4665	+0.172%	$219	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4663	+0.129%	$882K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4663	+0.129%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4663	+0.123%	$215K	$886K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4667	+0.215%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4666	+0.197%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0230% / S −0.1268%	1h	0.4669	+0.252%	$5K	—	100x
01 Exchange WLDUSD	+0.0264%	1h	0.4671	+0.294%	$334	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4673	+0.344%	$278K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0556%	1h	0.4668	+0.232%	$51.9M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0641%	1h	0.4668	+0.242%	$910K	$2.9M	50x	as long as short
Lighter WLD	+0.0792%	1h	0.4674	+0.367%	$5.3M	$2.1M	10x	as long as short