Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0219%/8h= −24.0% APRpaid last 24h −0.087%

Price spread now: Kalshi against GMX−0.275%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 Kalshi

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 −$7 a day on $10k at the current rate, and Kalshi is 0.275% cheaper against GMX than usual: you would sell low and buy high (−$28 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]	0.4493	L +0.0219% / S −0.0967%	pay 0.0027% / 1h	25m 09s	$4K	—	100x
Short	Kalshi KXWLDPERP	0.4481	0	get 0.0000% / 8h	6h 25m	$69K	$4.8M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now −0.275%Rate

Funding earned: −$45.96
Price spread: −0.275% → 0.000%: −$27.53
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$95.49
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kalshi: 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 Kalshi live order book, 3 min ago	7.83 bp	17.3 bp −$17	26.6 bp −$266	doesn't fit	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
Nado WLD-PERP	−0.0052%	1h	0.4488	−0.108%	$241K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4485	−0.182%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERPshort	0.0000%	8h	0.4481	−0.275%	$69K	$4.8M	1.7x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4493	−0.013%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0046%	8h	0.4481	−0.275%	$6.7M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0048%	1h	0.4490	−0.071%	$321	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0049%	1h	0.4489	−0.093%	$40K	$2.4M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4494	+0.014%	$28K	$804K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4483	−0.239%	$224K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4487	−0.139%	$50K	$542K	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	0.4485	−0.186%	$85.5M	$338.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4484	−0.209%	$63.8M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4482	−0.253%	$33.9M	$152.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4486	−0.164%	$7.3M	$37.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4484	−0.209%	$38.8M	$55.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4483	−0.231%	$29.5M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4483	−0.231%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4486	−0.173%	$133K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4475	−0.414%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4470	−0.515%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4483	−0.231%	$592K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4473	−0.453%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4499	+0.125%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4491	−0.053%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4483	−0.231%	$821K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4488	−0.120%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4490	−0.069%	$219K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4494	+0.003%	$30K	$600	3x	as long as short
Lighter WLD	+0.0112%	1h	0.4496	+0.063%	$4.9M	$2.9M	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4491	−0.046%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4480	−0.300%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.437%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0195%	1h	0.4495	+0.036%	$143K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0219% / S −0.0967%	1h	0.4493	long leg	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4485	−0.186%	$4.8M	$919K	75x	as long as short
Hyperliquid WLD	+0.0264%	1h	0.4489	−0.099%	$48.5M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0504%	1h	0.4494	+0.015%	$855K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4500	+0.148%	$273K	$1.7M	50x	as long as short