Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0867%/8h= +94.9% APRpaid last 24h +0.355%

Price spread now: GMX against KuCoin−0.032%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Funding pays, the price is against you. GMX is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4530	0.0100	pay 0.0100% / 8h	38m 27s	$6.6M	$11.6M	50x
Short	GMX WLD/USD [ETH-USDC]	0.4529	L +0.0219% / S −0.0967%	get 0.0121% / 1h	38m 27s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $182.09
Price spread: −0.032% → 0.000%: −$3.18
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $154.91
Costs to cover: 0.240%
Break-even: 1.0 days

Slippage unknown: KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	1.10 bp	24.7 bp −$25	45.7 bp −$457	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 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
Injective WLD/USDC PERP	−0.0309%	1h	0.4531	+0.022%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0037%	1h	0.4526	−0.099%	$236K	$167K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4532	+0.036%	$155K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4524	−0.132%	$51K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4530	0.000%	$140K	$979K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4528	−0.044%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4529	−0.022%	$27K	$710K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4529	−0.028%	$225K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4533	+0.058%	$49K	$531K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4529	−0.029%	$86.9M	$333.6M	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	0.4525	−0.110%	$64.3M	$89.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4525	−0.110%	$34.3M	$151.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4529	−0.022%	$7.1M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4532	+0.044%	$41.5M	$56.2M	300x	as long as short
KuCoin WLDUSDTMlong	+0.0100%	8h	0.4530	long leg	$6.6M	$11.6M	50x
Bitget WLDUSDT	+0.0100%	8h	0.4526	−0.088%	$30.0M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4530	0.000%	—	$72.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4529	−0.024%	$131K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4541	+0.234%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4544	+0.317%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4545	+0.333%	$607K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4544	+0.309%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4527	−0.062%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4535	+0.110%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4529	−0.022%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4527	−0.066%	$828K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4529	−0.022%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4527	−0.071%	$210K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4531	+0.011%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4525	−0.105%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4538	+0.188%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4553	+0.508%	$5K	$43K	10x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0219% / S −0.0967%	1h	0.4529	−0.032%	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4531	+0.022%	$4.8M	$906K	75x	as long as short
01 Exchange WLDUSD	+0.0232%	1h	0.4530	+0.004%	$324	$55	5x	as long as short
Hyperliquid WLD	+0.0435%	1h	0.4538	+0.177%	$50.4M	$43.7M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4532	+0.044%	$272K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0456%	1h	0.4532	+0.039%	$868K	$2.8M	50x	as long as short