Funding you earn now, next payment 01:00 UTC+0.1151%/8h= +126.1% APRnext payment +$1.44 per $10,000 · paid last 24h +0.338%
Price spread now: GMX against Deribit−0.068%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 0.068% cheaper against Deribit than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 5 hours of funding at the current rate (+$35 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit WLD_USDC-PERPETUAL | 0.4718 | 0.0386 | pay 0.0048% / 1h | 25m 55s | $135K | $863K | 25x |
| Short | GMX WLD/USD [ETH-USDC] | 0.4715 | L +0.0239% / S −0.1538% | get 0.0192% / 1h | 25m 55s | $6K | — | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $241.79
- Price spread: −0.068% → 0.000%
- −$6.85
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $215.94
- Costs to cover
- 0.190%
- Break-even
- 0.7 days
Slippage unknown: Deribit: live order book, 48 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 Deribit live order book, 48 min ago | 4.36 bp | 7.9 bp −$8 | 17.6 bp −$176 | 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 | −0.0174% | 8h | 0.4702 | −0.339% | $33K | $3.9M | 1.7x | as long as short |
| Phemex WLDUSDT | −0.0058% | 8h | 0.4713 | −0.106% | $1.9M | $3.7M | 50x | as long as short |
| Nado WLD-PERP | −0.0026% | 1h | 0.4711 | −0.138% | $281K | $172K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0017% | 8h | 0.4719 | +0.021% | $7.1M | $11.1M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4701 | −0.367% | $168K | $13K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4715 | −0.063% | $58K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4659 | −1.251% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0045% | 8h | 0.4715 | −0.064% | $29K | $903K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4724 | +0.121% | $193K | $967K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4702 | −0.331% | $55K | $481K | 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 | 0.4726 | +0.170% | $90.0M | $306.0M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4725 | +0.148% | $68.1M | $82.4M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4723 | +0.106% | $35.6M | $148.5M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4724 | +0.127% | $7.7M | $35.7M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4724 | +0.127% | $49.1M | $54.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4725 | +0.148% | $31.5M | $26.5M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4725 | +0.148% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4723 | +0.114% | $140K | $279K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4714 | −0.091% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4656 | −1.314% | $28K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4662 | −1.187% | $616K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4661 | −1.208% | $55K | $229K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4713 | −0.106% | $56K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4719 | +0.021% | $24K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4721 | +0.064% | $223 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4719 | +0.021% | $877K | $1.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4722 | +0.084% | $218K | $871K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4718 | −0.002% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4711 | −0.142% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4668 | −1.049% | $5K | $53K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4693 | −0.530% | $4.9M | $869K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC]short | L +0.0239% / S −0.1538% | 1h | 0.4715 | −0.068% | $6K | — | 100x | |
| 01 Exchange WLDUSD | +0.0248% | 1h | 0.4712 | −0.134% | $337 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0319% | 1h | 0.4725 | +0.143% | $928K | $2.7M | 50x | as long as short |
| Deribit WLD_USDC-PERPETUALlong | +0.0386% | 1h | 0.4718 | long leg | $135K | $863K | 25x | |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4715 | −0.064% | $279K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0808% | 1h | 0.4733 | +0.312% | $52.8M | $43.6M | 10x | as long as short |
| Lighter WLD | +0.0944% | 1h | 0.4729 | +0.242% | $5.4M | $2.0M | 10x | as long as short |
Deribit WLD_USDC-PERPETUAL
GMX WLD/USD [ETH-USDC]
Kalshi KXWLDPERP
Phemex WLDUSDT
KuCoin WLDUSDTM
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Extended WLD-USD
Phoenix WLD
BloFin WLD-USDT
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD