Funding you earn now, next payment 05:00 UTC+0.1266%/8h= +138.6% APRnext payment +$1.58 per $10,000 · paid last 24h +0.347%
Price spread now: GMX against Nado−0.436%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. GMX is 0.436% cheaper against Nado than usual: you would sell low and buy high (spread −0.436% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$44 on $10k: about 28 hours of funding at the current rate (+$38 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado WLD-PERP | 0.4584 | 0.0002 | pay 0.0000% / 1h | 55m 30s | $243K | $205K | 5x |
| Short | GMX WLD/USD [ETH-USDC] | 0.4564 | L +0.0229% / S −0.1268% | get 0.0159% / 1h | 55m 30s | $5K | — | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $265.83
- Price spread: −0.436% → 0.000%
- −$43.56
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $203.26
- Costs to cover
- 0.190%
- Break-even
- 1.6 days
Slippage unknown: Nado: live order book, 62 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 Nado live order book, 62 min ago | 11.37 bp | 17.6 bp −$18 | 43.9 bp −$439 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps WLD-USD | −0.0014% | 1h | 0.4585 | +0.028% | $40K | $2.2M | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4581 | −0.062% | $156K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4564 | −0.436% | $54K | $4.6M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4563 | −0.458% | $124K | $963K | 25x | as long as short |
| Nado WLD-PERPlong | +0.0002% | 1h | 0.4584 | long leg | $243K | $205K | 5x | |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4565 | −0.417% | $66K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0015% | 8h | 0.4563 | −0.458% | $6.9M | $11.7M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4563 | −0.458% | $28K | $884K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4565 | −0.411% | $211K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4579 | −0.100% | $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 | +0.022% | $86.9M | $329.3M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4583 | −0.022% | $65.3M | $89.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4586 | +0.044% | $34.5M | $151.0M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4581 | −0.065% | $7.3M | $36.1M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4580 | −0.087% | $43.5M | $54.1M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4578 | −0.131% | $30.3M | $30.3M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4580 | −0.087% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4564 | −0.430% | $136K | $299K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4560 | −0.530% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4568 | −0.344% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4569 | −0.327% | $604K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4566 | −0.393% | $43K | $238K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4568 | −0.349% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4561 | −0.502% | $208 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4567 | −0.371% | $835K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4567 | −0.371% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4579 | −0.104% | $220K | $981K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4564 | −0.436% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4560 | −0.529% | — | — | 20x | as long as short |
| Injective WLD/USDC PERP | +0.0142% | 1h | 0.4583 | −0.022% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLD | +0.0158% | 1h | 0.4567 | −0.382% | $5K | $51K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4562 | −0.480% | $4.9M | $829K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC]short | L +0.0229% / S −0.1268% | 1h | 0.4564 | −0.436% | $5K | — | 100x | |
| 01 Exchange WLDUSD | +0.0288% | 1h | 0.4590 | +0.122% | $328 | $80 | 5x | as long as short |
| Hyperliquid WLD | +0.0320% | 1h | 0.4571 | −0.292% | $50.2M | $43.4M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0520% | 1h | 0.4563 | −0.449% | $881K | $2.8M | 50x | as long as short |
| Lighter WLD | +0.0544% | 1h | 0.4589 | +0.111% | $5.1M | $2.5M | 10x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0560% | 1h | 0.4569 | −0.327% | $268K | $1.6M | 50x | as long as short |
GMX WLD/USD [ETH-USDC]
Polymarket Perps WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Injective WLD/USDC PERP
Phoenix WLD
BloFin WLD-USDT
01 Exchange WLDUSD
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD
Coinbase International WLD-PERP-INTX