Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1865%/8h= +204.3% APRpaid last 24h +0.296%

Price spread now: GMX against Gate−0.030%7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.030% cheaper against Gate than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$56 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4513	0.0100	pay 0.0100% / 8h	2h 03m	$7.3M	$34.9M	75x
Short	GMX WLD/USD [ETH-USDC]	0.4512	L +0.0238% / S −0.1965%	get 0.0246% / 1h	3m 52s	$9K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $391.75
Price spread: −0.030% → 0.000%: −$2.97
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $361.78
Costs to cover: 0.270%
Break-even: 0.5 days

Slippage unknown: Gate: live order book, 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 Gate live order book, 5 min ago	2.21 bp	14.8 bp −$15	41.2 bp −$412	81.2 bp −$8,122	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	−0.0490%	8h	0.4510	−0.066%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0016%	8h	0.4512	−0.022%	$27K	$916K	10x	as long as short
KuCoin WLDUSDTM	−0.0005%	8h	0.4511	−0.044%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4510	−0.071%	$154K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4515	+0.044%	$122K	$911K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4512	−0.011%	$56K	—	150x	as long as short
Variational Omni WLD	+0.0018%	8h	0.4512	−0.016%	$2.1M	$1.7M	—	as long as short
Nado WLD-PERP	+0.0043%	1h	0.4507	−0.133%	$270K	$169K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4522	+0.191%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0091%	8h	0.4516	+0.066%	$33.7M	$137.7M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC WLD_USDT	+0.0097%	8h	0.4513	0.000%	$49.7M	$48.6M	300x	as long as short
Binance WLDUSDT	+0.0099%	8h	0.4515	+0.040%	$84.7M	$293.1M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4519	+0.133%	$46.4M	$41.3M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4513	−0.011%	$211K	$976K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4509	−0.089%	$51K	$481K	5x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4514	+0.022%	$64.3M	$80.5M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4513	long leg	$7.3M	$34.9M	75x
Bitget WLDUSDT	+0.0100%	8h	0.4513	0.000%	$29.9M	$25.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4514	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4515	+0.053%	$128K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4522	+0.203%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4526	+0.281%	$607K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4524	+0.244%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4509	−0.080%	$51K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4516	+0.066%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4514	+0.022%	$200	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4507	−0.133%	$850K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4514	+0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4514	+0.011%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4516	+0.062%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4508	−0.104%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0218%	8h	0.4505	−0.177%	$4.8M	$806K	75x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0238% / S −0.1965%	1h	0.4512	−0.030%	$9K	—	100x
01 Exchange WLDUSD	+0.0304%	1h	0.4511	−0.040%	$323	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4542	+0.643%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4514	+0.022%	$277K	$1.6M	50x	as long as short
Lighter WLD	+0.0936%	1h	0.4523	+0.217%	$5.1M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1105%	1h	0.4515	+0.048%	$918K	$2.6M	50x	as long as short