Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1438%/8h= +157.4% APRpaid last 24h +0.303%

Price spread now: GMX against BingX−0.041%7-day average — · you buy dearer than you sell

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

Long on BingX 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

Funding pays, the price is against you. GMX is 0.041% cheaper against BingX than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$43 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLD-USDT	0.4655	0.0100	pay 0.0100% / 8h	7h 30m	—	$67.1M	—
Short	GMX WLD/USD [ETH-USDC]	0.4653	L +0.0239% / S −0.1538%	get 0.0192% / 1h	30m 09s	$6K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $301.91
Price spread: −0.041% → 0.000%: −$4.08
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $275.82
Costs to cover: 0.220%
Break-even: 0.6 days

Slippage unknown: BingX: live order book, 9 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 BingX live order book, 9 min ago	2.16 bp	7.2 bp −$7	8.9 bp −$89	25.0 bp −$2,499	119.1 bp −$59.5K
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	−0.0178%	8h	0.4652	−0.064%	$37K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0022%	1h	0.4654	−0.021%	$279K	$170K	5x	as long as short
Phemex WLDUSDT	−0.0018%	8h	0.4652	−0.064%	$1.9M	$3.7M	50x	as long as short
KuCoin WLDUSDTM	−0.0018%	8h	0.4651	−0.086%	$7.0M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4659	+0.092%	$166K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4653	−0.043%	$133K	$871K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4654	−0.020%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	+0.086%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0044%	8h	0.4653	−0.043%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4659	+0.085%	$194K	$961K	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	0.4660	+0.112%	$54K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4651	−0.086%	$88.6M	$305.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4652	−0.064%	$67.0M	$82.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4652	−0.064%	$35.2M	$145.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4652	−0.064%	$7.6M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4652	−0.064%	$47.9M	$53.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4651	−0.086%	$30.9M	$26.3M	75x	as long as short
BingX WLD-USDTlong	+0.0100%	8h	0.4655	long leg	—	$67.1M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4654	−0.021%	$138K	$280K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4661	+0.124%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4654	−0.015%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	+0.150%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4673	+0.387%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4656	+0.030%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4664	+0.193%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4651	−0.086%	$220	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4653	−0.043%	$865K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4652	−0.075%	$220K	$863K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4654	−0.021%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4652	−0.069%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4655	−0.002%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4660	+0.107%	$4.9M	$863K	75x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0239% / S −0.1538%	1h	0.4653	−0.041%	$6K	—	100x
01 Exchange WLDUSD	+0.0248%	1h	0.4663	+0.165%	$334	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0324%	1h	0.4655	0.000%	$914K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4662	+0.150%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0768%	1h	0.4661	+0.129%	$51.9M	$43.5M	10x	as long as short
Lighter WLD	+0.0912%	1h	0.4661	+0.137%	$5.3M	$2.0M	10x	as long as short