Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2121%/8h= +232.3% APRpaid last 24h +0.299%

Price spread now: GMX against Phemex−0.015%7-day average — · you buy dearer than you sell

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

Long on Phemex 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: +$64 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4619	0.0100	pay 0.0100% / 8h	51m 39s	$1.8M	$3.7M	50x
Short	GMX WLD/USD [ETH-USDC]	0.4618	L +0.0261% / S −0.2221%	get 0.0278% / 1h	51m 39s	$9K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phemex. 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 PhemexbpFee GMXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $445.49
Price spread: −0.015% → 0.000%: −$1.45
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $420.04
Costs to cover: 0.240%
Break-even: 0.4 days

Slippage unknown: Phemex: live order book, 2 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 Phemex live order book, 2 min ago	8.64 bp	41.9 bp −$42	doesn't fit	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
Kalshi KXWLDPERP	−0.0243%	8h	0.4627	+0.173%	$42K	$3.8M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4625	+0.137%	$165K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4619	0.000%	$109K	$881K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4618	−0.018%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0011%	8h	0.4618	−0.022%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTM	+0.0016%	8h	0.4623	+0.087%	$7.1M	$10.9M	50x	as long as short
Nado WLD-PERP	+0.0083%	1h	0.4617	−0.043%	$278K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4625	+0.135%	$196K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4627	+0.163%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4626	+0.147%	$87.7M	$298.6M	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	0.4626	+0.152%	$66.3M	$82.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4625	+0.130%	$34.5M	$143.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4626	+0.152%	$7.5M	$35.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4626	+0.152%	$49.8M	$51.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4633	+0.303%	$30.6M	$25.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4628	+0.195%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4620	+0.015%	$130K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4623	+0.084%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4624	+0.111%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4635	+0.345%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4624	+0.108%	$56K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4623	+0.082%	$42K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4626	+0.152%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4619	0.000%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	+0.108%	$873K	$1.8M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4619	long leg	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4630	+0.229%	$237K	$859K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4621	+0.038%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4632	+0.292%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4618	−0.024%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4625	+0.130%	$4.9M	$824K	75x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0261% / S −0.2221%	1h	0.4618	−0.015%	$9K	—	100x
01 Exchange WLDUSD	+0.0288%	1h	0.4639	+0.435%	$332	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.152%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4638	+0.411%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0632%	1h	0.4632	+0.284%	$50.4M	$42.8M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0711%	1h	0.4623	+0.097%	$921K	$2.6M	50x	as long as short
Lighter WLD	+0.1632%	1h	0.4639	+0.426%	$5.3M	$2.0M	10x	as long as short