Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0119%/8h= −13.1% APRpaid last 24h −0.043%

Price spread now: MEXC against GMX−0.079%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 MEXC

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 MEXC is 0.079% cheaper against GMX than usual: you would sell low and buy high (−$8 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]	0.4574	L +0.0219% / S −0.0967%	pay 0.0027% / 1h	4m 43s	$4K	—	100x
Short	MEXC WLD_USDT	0.4570	0.0100	get 0.0100% / 8h	2h 04m	$40.4M	$56.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$25.04
Price spread: −0.079% → 0.000%: −$7.91
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$44.96
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	1.10 bp	1.1 bp −$1	3.8 bp −$38	20.4 bp −$2,040	64.0 bp −$32.0K

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	−0.0034%	1h	0.4575	+0.019%	$241K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4567	−0.152%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4573	−0.014%	$54K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4572	−0.035%	$152K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4574	+0.003%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0067%	8h	0.4572	−0.035%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4575	+0.028%	$327	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4573	−0.014%	$27K	$791K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4572	−0.034%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4579	+0.118%	$51K	$538K	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	0.4570	−0.079%	$87.0M	$339.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4570	−0.079%	$65.2M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4570	−0.079%	$34.7M	$156.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4571	−0.057%	$7.2M	$37.9M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4570	−0.079%	$40.4M	$56.9M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4565	−0.188%	$30.2M	$31.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4569	−0.101%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4572	−0.033%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	+0.111%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4574	0.000%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.183%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4577	+0.074%	$49K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4572	−0.024%	$47K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4584	+0.227%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4571	−0.057%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4572	−0.035%	$836K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4570	−0.079%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4570	−0.075%	$211K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4572	−0.046%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4572	−0.030%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4578	+0.091%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4574	+0.008%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.648%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0219% / S −0.0967%	1h	0.4574	long leg	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4573	−0.014%	$4.8M	$923K	75x	as long as short
Hyperliquid WLD	+0.0355%	1h	0.4575	+0.035%	$49.9M	$44.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0496%	1h	0.4572	−0.030%	$865K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4575	+0.030%	$276K	$1.7M	50x	as long as short