Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0097%/8h= −10.7% APRpaid last 24h −0.014%

Price spread now: gTrade (Gains Network) against OKX−0.083%7-day average — · you buy dearer than you sell

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

Long on OKX Short on gTrade (Gains Network)

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 against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.083% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4635	0.0100	pay 0.0100% / 8h	48m 22s	$34.6M	$143.7M	50x
Short	gTrade (Gains Network) WLD/USD	0.4631	L +0.0003% / S −0.0003%	get 0.0000% / 1h	48m 22s	$58K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.083%Rate

Funding earned: −$20.44
Price spread: −0.083% → 0.000%: −$8.28
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$48.72
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 6 min ago; gTrade (Gains Network): 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 OKX live order book, 6 min ago	1.08 bp	6.5 bp −$7	14.0 bp −$140	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Kalshi KXWLDPERP	−0.0239%	8h	0.4627	−0.173%	$42K	$3.8M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4635	−0.002%	$165K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4636	+0.022%	$113K	$884K	25x	as long as short
gTrade (Gains Network) WLD/USDshort	L +0.0003% / S −0.0003%	1h	0.4631	−0.083%	$58K	—	150x
Orderly PERP_WLD_USDC	+0.0012%	8h	0.4635	0.000%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTM	+0.0017%	8h	0.4630	−0.108%	$7.1M	$10.9M	50x	as long as short
Nado WLD-PERP	+0.0067%	1h	0.4632	−0.065%	$279K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4634	−0.031%	$196K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4636	+0.028%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4632	−0.064%	$87.8M	$298.9M	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	0.4630	−0.108%	$66.3M	$82.4M	50x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4635	long leg	$34.6M	$143.7M	50x
Gate WLD_USDT	+0.0100%	8h	0.4630	−0.108%	$7.5M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4631	−0.086%	$50.2M	$51.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4636	+0.022%	$30.6M	$25.7M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4632	−0.065%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4629	−0.127%	$131K	$270K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4627	−0.174%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4630	−0.113%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4636	+0.022%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4637	+0.043%	$56K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4636	+0.013%	$43K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4637	+0.043%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4626	−0.194%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4620	−0.324%	$872K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4625	−0.216%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4633	−0.040%	$237K	$859K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4637	+0.042%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4632	−0.054%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4630	−0.100%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4627	−0.173%	$4.9M	$828K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0261% / S −0.2221%	1h	0.4631	−0.094%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0296%	1h	0.4637	+0.039%	$332	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.496%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4630	−0.108%	$275K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0654%	1h	0.4640	+0.099%	$50.6M	$42.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0710%	1h	0.4629	−0.138%	$921K	$2.6M	50x	as long as short
Lighter WLD	+0.1728%	1h	0.4648	+0.274%	$5.3M	$2.0M	10x	as long as short