Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0867%/8h= +94.9% APRpaid last 24h +0.334%

Price spread now: GMX against edgeX+0.018%50s7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · farm boardneeds 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. 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	edgeX WLDUSDC	0.4513	0.0100	pay 0.0050% / 4h	11m 31s	$27K	$322K	20x
Short	GMX WLD/USD [ETH-USDC]	0.4514	L +0.0219% / S −0.0967%	get 0.0121% / 1h	11m 31s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against edgeX. 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 edgeXbpFee GMXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $182.09
Price spread: +0.018% → 0.000%: $1.84
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $162.92
Costs to cover: 0.210%
Break-even: 0.7 days

Slippage unknown: edgeX: live order book, 27 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 edgeX live order book, 27 min ago	4.43 bp	8.9 bp −$9	17.5 bp −$175	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
Injective WLD/USDC PERP	−0.0309%	1h	0.4508	−0.106%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0013%	1h	0.4519	+0.138%	$234K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4511	−0.048%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4516	+0.072%	$51K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4514	+0.027%	$136K	$986K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4514	+0.028%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4514	+0.027%	$27K	$667K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4516	+0.061%	$228K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4512	−0.017%	$54K	$546K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4512	−0.013%	$86.5M	$333.4M	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	0.4509	−0.084%	$63.8M	$89.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4510	−0.061%	$34.1M	$151.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4511	−0.039%	$7.0M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4510	−0.061%	$41.3M	$57.0M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4511	−0.039%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4511	−0.039%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4512	−0.017%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4513	+0.007%	$131K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4512	−0.022%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDClong	+0.0100%	4h	0.4513	long leg	$27K	$322K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4523	+0.224%	$595K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4523	+0.227%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4519	+0.134%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4524	+0.249%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4514	+0.027%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	+0.160%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4513	+0.005%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4510	−0.052%	$208K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4515	+0.049%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4518	+0.113%	—	—	20x	as long as short
Phoenix WLD	+0.0177%	1h	0.4507	−0.123%	$4K	$43K	10x	as long as short
Lighter WLD	+0.0192%	1h	0.4516	+0.078%	$4.9M	$2.9M	10x	as long as short
01 Exchange WLDUSD	+0.0216%	1h	0.4514	+0.036%	$323	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0219% / S −0.0967%	1h	0.4514	+0.018%	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4521	+0.182%	$4.8M	$903K	75x	as long as short
Hyperliquid WLD	+0.0400%	1h	0.4518	+0.114%	$50.2M	$43.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4530	+0.382%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0457%	1h	0.4515	+0.046%	$865K	$2.8M	50x	as long as short