Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1168%/8h= +127.9% APRpaid last 24h +0.303%

Price spread now: GMX against HTX−0.068%7-day average — · you buy dearer than you sell

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

Long on HTX 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 0.068% cheaper against HTX than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 5 hours of funding at the current rate (+$35 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WLD-USDT	0.4653	0.0100	pay 0.0100% / 8h	5h 55m	$850K	$1.9M	50x
Short	GMX WLD/USD [ETH-USDC]	0.4650	L +0.0230% / S −0.1268%	get 0.0159% / 1h	55m 05s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against HTX. 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 HTXbpFee GMXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $245.3
Price spread: −0.068% → 0.000%: −$6.77
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $214.53
Costs to cover: 0.240%
Break-even: 0.9 days

Slippage unknown: HTX: live order book, 4 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 HTX live order book, 4 min ago	10.73 bp	64.2 bp −$64	332.0 bp −$3,320	doesn't fit	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 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
ApeX Omni WLDUSDT	−0.1098%	1h	0.4631	−0.473%	$51K	$236K	50x	as long as short
Kalshi KXWLDPERP	−0.0140%	8h	0.4664	+0.236%	$56K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0034%	8h	0.4649	−0.086%	$7.1M	$11.5M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4652	−0.020%	$166K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4650	−0.064%	$120K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4650	−0.065%	$56K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0068%	8h	0.4649	−0.086%	$28K	$895K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4648	−0.107%	$5K	$57K	10x	as long as short
Nado WLD-PERP	+0.0096%	1h	0.4651	−0.054%	$270K	$187K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4653	−0.002%	$179K	$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	0.4654	+0.015%	$51K	$510K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4653	+0.009%	$88.6M	$323.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4653	0.000%	$66.6M	$87.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4655	+0.043%	$35.1M	$149.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4652	−0.021%	$7.3M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4653	0.000%	$45.7M	$54.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4653	0.000%	$30.9M	$29.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4653	0.000%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4653	+0.009%	$137K	$285K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4684	+0.660%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4637	−0.341%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4654	+0.031%	$615K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4650	−0.058%	$63K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4655	+0.043%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4651	−0.043%	$300	$5K	10x	as long as short
HTX WLD-USDTlong	+0.0100%	8h	0.4653	long leg	$850K	$1.9M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4651	−0.043%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4647	−0.120%	$215K	$887K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4652	−0.023%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4647	−0.123%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0230% / S −0.1268%	1h	0.4650	−0.068%	$5K	—	100x
01 Exchange WLDUSD	+0.0272%	1h	0.4653	+0.004%	$333	$80	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4671	+0.387%	$277K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0564%	1h	0.4661	+0.161%	$51.8M	$43.4M	10x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4650	−0.064%	$6K	$185K	5.5x	as long as short
Lighter WLD	+0.0840%	1h	0.4663	+0.221%	$5.3M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0890%	1h	0.4654	+0.014%	$904K	$2.9M	50x	as long as short