Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0869%/8h= +95.1% APRpaid last 24h +0.347%

Price spread now: GMX against Orderly+0.017%7-day average — · you sell dearer than you buy

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

Long on Orderly 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$26 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WLD_USDC	0.4526	0.0098	pay 0.0098% / 8h	2h 19m	$28K	$798K	10x
Short	GMX WLD/USD [ETH-USDC]	0.4527	L +0.0219% / S −0.0967%	get 0.0121% / 1h	19m 48s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Orderly. 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 OrderlybpFee GMXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $182.43
Price spread: +0.017% → 0.000%: $1.7
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $166.14
Costs to cover: 0.180%
Break-even: 0.6 days

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Orderly and 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
Nado WLD-PERP	−0.0056%	1h	0.4525	−0.033%	$243K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4522	−0.095%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4510	−0.354%	$59K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4527	+0.018%	$65K	—	150x	as long as short
01 Exchange WLDUSD	+0.0040%	1h	0.4522	−0.077%	$324	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0049%	1h	0.4522	−0.097%	$42K	$2.4M	10x	as long as short
KuCoin WLDUSDTM	+0.0050%	8h	0.4526	0.000%	$6.7M	$11.9M	50x	as long as short
Lighter WLD	+0.0096%	1h	0.4534	+0.179%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDClong	+0.0098%	8h	0.4526	long leg	$28K	$798K	10x
Aster WLDUSDT	+0.0100%	8h	0.4524	−0.042%	$226K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4523	−0.066%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4531	+0.108%	$86.3M	$338.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4530	+0.088%	$64.5M	$91.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4531	+0.110%	$34.2M	$154.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4529	+0.066%	$7.2M	$37.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4529	+0.066%	$39.1M	$56.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4530	+0.088%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4529	+0.066%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4532	+0.139%	$135K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4510	−0.360%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4484	−0.938%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4491	−0.778%	$599K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4482	−0.972%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4533	+0.155%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4529	+0.066%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.133%	$827K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4529	+0.066%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4526	−0.007%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4526	+0.005%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4523	−0.060%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4514	−0.256%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	−0.287%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0219% / S −0.0967%	1h	0.4527	+0.017%	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4507	−0.420%	$4.8M	$915K	75x	as long as short
Hyperliquid WLD	+0.0255%	1h	0.4533	+0.166%	$49.0M	$44.0M	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0413%	1h	0.4529	+0.066%	$145K	$1.0M	25x	as long as short
Kraken Futures PF_WLDUSD	+0.0500%	1h	0.4533	+0.162%	$863K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4531	+0.110%	$276K	$1.7M	50x	as long as short