Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1887%/8h= +206.6% APRpaid last 24h +0.301%

Price spread now: GMX against Variational Omni−0.469%50s7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.469% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.469% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$47 on $10k: about 20 hours of funding at the current rate (+$57 a day). The two prices were read 50 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	Variational Omni WLD	0.4588	−0.0055	get 0.0055% / 8h	2h 49m	$2.1M	$1.7M	—
Short	GMX WLD/USD [ETH-USDC]	0.4566	L +0.0222% / S −0.1831%	get 0.0229% / 1h	49m 26s	$9K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee GMXbpOrdersPrice spread, now −0.469%Rate

Funding earned: $396.17
Price spread: −0.469% → 0.000%: −$46.89
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $337.28
Costs to cover: 0.120%
Break-even: 1.0 days

Slippage unknown: Variational Omni: RFQ quote, 5 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 Variational Omni RFQ quote, 5 min ago	5.43 bp	doesn't fit	14.1 bp −$141	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	−0.0452%	8h	0.4572	−0.338%	$33K	$3.8M	1.7x	as long as short
Variational Omni WLDlong	−0.0055%	8h	0.4588	long leg	$2.1M	$1.7M	—
Orderly PERP_WLD_USDC	−0.0028%	8h	0.4569	−0.404%	$28K	$920K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4561	−0.578%	$156K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4569	−0.404%	$154K	$785K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4567	−0.450%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0014%	8h	0.4563	−0.535%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0043%	8h	0.4551	−0.796%	$34.4M	$136.8M	50x	as long as short
Phoenix WLD	+0.0052%	1h	0.4585	−0.046%	$5K	$52K	10x	as long as short
Nado WLD-PERP	+0.0066%	1h	0.4552	−0.763%	$272K	$168K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0072%	8h	0.4552	−0.774%	$67.0M	$78.7M	50x	as long as short
ApeX Omni WLDUSDT	+0.0084%	1h	0.4590	+0.054%	$55K	$227K	50x	as long as short
MEXC WLD_USDT	+0.0090%	8h	0.4552	−0.774%	$53.0M	$46.6M	300x	as long as short
Binance WLDUSDT	+0.0094%	8h	0.4555	−0.700%	$87.0M	$290.0M	75x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4568	−0.418%	$209K	$977K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4561	−0.578%	$53K	$473K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4557	−0.665%	$7.4M	$34.1M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4551	−0.796%	$30.1M	$25.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4557	−0.665%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4569	−0.408%	$128K	$283K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4599	+0.253%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4583	−0.107%	$620K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4552	−0.772%	$56K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4580	−0.164%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4562	−0.556%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	−0.426%	$860K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4562	−0.556%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4557	−0.662%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4568	−0.424%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4552	−0.772%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0211%	8h	0.4579	−0.186%	$5.0M	$879K	75x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0222% / S −0.1831%	1h	0.4566	−0.469%	$9K	—	100x
Hyperliquid WLD	+0.0276%	1h	0.4556	−0.681%	$47.3M	$40.4M	10x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+0.752%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4569	−0.404%	$275K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0720%	1h	0.4561	−0.583%	$326	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.1093%	1h	0.4564	−0.516%	$918K	$2.5M	50x	as long as short
Lighter WLD	+0.1128%	1h	0.4569	−0.402%	$5.1M	$2.0M	10x	as long as short