Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0867%/8h= +94.9% APRpaid last 24h +0.345%

Price spread now: GMX against OKX+0.021%7-day average — · you sell dearer than you buy

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

Long on OKX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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 +$26 a day on $10k at the current rate, and GMX is 0.021% dearer against OKX than usual: you sell high and buy low: +$2 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	OKX WLD-USDT-SWAP	0.4521	0.0100	pay 0.0100% / 8h	7h 57m	$34.2M	$150.3M	50x
Short	GMX WLD/USD [ETH-USDC]	0.4522	L +0.0219% / S −0.0967%	get 0.0121% / 1h	57m 49s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $182.09
Price spread: +0.021% → 0.000%: $2.15
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $162.23
Costs to cover: 0.220%
Break-even: 0.8 days

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	1.10 bp	8.3 bp −$8	17.8 bp −$178	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
Phemex WLDUSDT	−0.0505%	8h	0.4523	+0.044%	$1.7M	$3.6M	50x	as long as short
Bybit WLDUSDT	−0.0097%	8h	0.4520	−0.022%	$64.0M	$89.4M	50x	as long as short
Nado WLD-PERP	−0.0050%	1h	0.4526	+0.111%	$235K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4527	+0.140%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4524	+0.066%	$40K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4525	+0.088%	$119K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4524	+0.064%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4525	+0.088%	$27K	$633K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4525	+0.088%	$228K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4528	+0.161%	$54K	$543K	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	0.4523	+0.044%	$86.8M	$333.4M	75x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4521	long leg	$34.2M	$150.3M	50x
Gate WLD_USDT	+0.0100%	8h	0.4521	0.000%	$7.1M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4522	+0.022%	$42.2M	$55.4M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4520	−0.022%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4522	+0.022%	$29.8M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4521	0.000%	—	$20.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4521	−0.004%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4521	−0.002%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4513	−0.174%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4525	+0.090%	$599K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4515	−0.133%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4526	+0.122%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4530	+0.199%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4524	+0.066%	$221	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4526	+0.111%	$828K	$1.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4521	−0.003%	$208K	$878K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4526	+0.100%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.288%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4523	+0.052%	—	—	20x	as long as short
Phoenix WLD	+0.0177%	1h	0.4522	+0.015%	$4K	$42K	10x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0219% / S −0.0967%	1h	0.4522	+0.021%	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4524	+0.066%	$4.4M	$898K	75x	as long as short
01 Exchange WLDUSD	+0.0240%	1h	0.4529	+0.186%	$324	$55	5x	as long as short
Lighter WLD	+0.0256%	1h	0.4526	+0.104%	$4.9M	$2.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0303%	1h	0.4526	+0.103%	$870K	$2.8M	50x	as long as short
Hyperliquid WLD	+0.0393%	1h	0.4528	+0.166%	$50.3M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4527	+0.133%	$269K	$1.6M	50x	as long as short