Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h −0.027%

Price spread now: SunX against GMX+0.200%7-day average — · you sell dearer than you buy

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

Long on GMX Short on SunX

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

The price spread pays, funding is against you. SunX is 0.200% dearer against GMX than usual: you sell high and buy low (spread +0.200% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLD/USD [ETH-USDC]	0.4661	L +0.0230% / S −0.1268%	pay 0.0029% / 1h	15m 17s	$5K	—	100x
Short	SunX WLD-USDT	0.4670	0.0100	get 0.0100% / 8h	6h 15m	$23K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.200%Rate

Funding earned: −$27.29
Price spread: +0.200% → 0.000%: $20.02
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$27.27
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; SunX: live order book, 10 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 SunX live order book, 10 min ago	501.02 bp	doesn't fit	doesn't fit	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 37 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	−0.0235%	1h	0.4666	+0.114%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0143%	8h	0.4640	−0.443%	$64K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0040%	8h	0.4657	−0.079%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4658	−0.066%	$166K	$26K	10x	as long as short
Nado WLD-PERP	0.0000%	1h	0.4657	−0.068%	$270K	$189K	5x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4662	+0.027%	$56K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0062%	8h	0.4662	+0.029%	$28K	$896K	10x	as long as short
Gate WLD_USDT	+0.0067%	8h	0.4660	−0.014%	$7.3M	$37.9M	75x	as long as short
Phoenix WLD	+0.0068%	1h	0.4653	−0.154%	$5K	$54K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4658	−0.051%	$178K	$1.0M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4658	−0.055%	$53K	$511K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4663	+0.042%	$88.6M	$326.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4661	+0.007%	$66.4M	$88.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4663	+0.050%	$35.1M	$152.8M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4660	−0.014%	$45.9M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4664	+0.071%	$31.0M	$29.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4661	+0.007%	—	$67.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4657	−0.068%	$140K	$295K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4649	−0.258%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4680	+0.415%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4691	+0.651%	$622K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4689	+0.608%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4661	+0.014%	$54K	$2.1M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4670	+0.200%	$23K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4665	+0.093%	$223	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4653	−0.165%	$881K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4652	−0.186%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4662	+0.031%	$214K	$889K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4666	+0.114%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4659	−0.032%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0179%	1h	0.4665	+0.093%	$121K	$918K	25x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0230% / S −0.1268%	1h	0.4661	long leg	$5K	—	100x
01 Exchange WLDUSD	+0.0272%	1h	0.4662	+0.037%	$334	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4660	−0.014%	$274K	$1.8M	50x	as long as short
Hyperliquid WLD	+0.0554%	1h	0.4666	+0.121%	$51.9M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0641%	1h	0.4667	+0.127%	$908K	$2.9M	50x	as long as short
Lighter WLD	+0.0856%	1h	0.4669	+0.172%	$5.3M	$2.1M	10x	as long as short