Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h −0.036%

Price spread now: Bitget against GMX−0.031%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Bitget

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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.031% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLD/USD [ETH-USDC]	0.4484	L +0.0219% / S −0.0967%	pay 0.0027% / 1h	21m 11s	$4K	—	100x
Short	Bitget WLDUSDT	0.4483	0.0100	get 0.0100% / 8h	21m 11s	$29.6M	$31.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GMX. 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 GMXbpFee BitgetbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$24.95
Price spread: −0.031% → 0.000%: −$3.08
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$52.02
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bitget: live order book, 3 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	1.12 bp	9.5 bp −$9	20.5 bp −$205	50.0 bp −$4,995	doesn't fit

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	0.4531	+1.040%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0032%	1h	0.4486	+0.047%	$234K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4485	+0.017%	$153K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4483	−0.031%	$64K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4484	−0.008%	$135K	$986K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4485	+0.011%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4484	−0.008%	$27K	$690K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4487	+0.059%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4487	+0.059%	$53K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4485	+0.014%	$85.9M	$334.3M	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	0.4483	−0.031%	$63.4M	$89.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4484	−0.008%	$33.9M	$150.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4483	−0.031%	$7.0M	$35.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4483	−0.031%	$40.7M	$56.8M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4484	−0.008%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDTshort	+0.0100%	8h	0.4483	−0.031%	$29.6M	$31.0M	75x
BingX WLD-USDC	+0.0100%	8h	0.4483	−0.031%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4484	−0.002%	$131K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4484	−0.016%	$2.0M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4485	+0.019%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4488	+0.081%	$597K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4490	+0.125%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4488	+0.085%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4492	+0.170%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4483	−0.031%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4481	−0.075%	$820K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4486	+0.036%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4482	−0.057%	$207K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4485	+0.014%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4483	−0.036%	—	—	20x	as long as short
Lighter WLD	+0.0136%	1h	0.4489	+0.101%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4491	+0.154%	$4K	$43K	10x	as long as short
01 Exchange WLDUSD	+0.0208%	1h	0.4489	+0.107%	$321	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0219% / S −0.0967%	1h	0.4484	long leg	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4483	−0.031%	$4.8M	$904K	75x	as long as short
Hyperliquid WLD	+0.0385%	1h	0.4488	+0.078%	$49.9M	$43.2M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4493	+0.192%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0460%	1h	0.4486	+0.040%	$859K	$2.8M	50x	as long as short