Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.1401%/8hpaid last 24h +0.268%

Price spread now: GMX against Aster+0.063%7-day average — · you sell dearer than you buy

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

Long on Aster 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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and GMX is 0.063% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WLDUSDT	0.4361	0.0100	pay 0.0100% / 8h	4h 06m	$225K	$913K	50x
Short	GMX WLD/USD [ETH-USDC]	0.4364	L +0.0206% / S −0.1501%	get 0.0188% / 1h	6m 53s	$7K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now +0.063%Rate

Funding earned: $294.11
Price spread: +0.063% → 0.000%: $6.28
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $280.39
Costs to cover: 0.200%
Break-even: 0.3 days

Slippage unknown: Aster: live order book, 25 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 Aster live order book, 25 min ago	2.30 bp	14.1 bp −$14	31.5 bp −$315	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 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
Variational Omni WLD	−0.0226%	8h	0.4353	−0.168%	$2.0M	$1.4M	—	as long as short
Bybit WLDUSDT	−0.0190%	8h	0.4360	−0.019%	$62.3M	$68.1M	50x	as long as short
Kalshi KXWLDPERP	−0.0101%	8h	0.4362	+0.027%	$92K	$3.6M	1.7x	as long as short
Nado WLD-PERP	−0.0073%	1h	0.4357	−0.076%	$341K	$145K	5x	as long as short
Phoenix WLD	−0.0055%	1h	0.4360	−0.028%	$2K	$47K	10x	as long as short
MEXC WLD_USDT	−0.0052%	8h	0.4360	−0.019%	$43.4M	$42.2M	300x	as long as short
Binance WLDUSDT	−0.0050%	8h	0.4361	−0.006%	$78.3M	$257.7M	75x	as long as short
OKX WLD-USDT-SWAP	−0.0042%	8h	0.4359	−0.042%	$32.9M	$119.7M	50x	as long as short
Orderly PERP_WLD_USDC	−0.0042%	8h	0.4361	+0.004%	$27K	$926K	10x	as long as short
KuCoin WLDUSDTM	−0.0039%	8h	0.4360	−0.019%	$7.3M	$9.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange WLDUSD	−0.0032%	1h	0.4364	+0.082%	$312	$77	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4360	−0.020%	$149K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4364	+0.073%	$123K	$728K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4363	+0.050%	$56K	—	150x	as long as short
Aevo WLD-PERP	+0.0064%	1h	0.4363	+0.055%	$30K	$5K	3x	as long as short
BloFin WLD-USDT	+0.0070%	8h	0.4362	+0.027%	$4.6M	$854K	75x	as long as short
Gate WLD_USDT	+0.0073%	8h	0.4361	+0.004%	$7.2M	$32.6M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4363	+0.050%	$43.6M	$36.4M	10x	as long as short
Aster WLDUSDTlong	+0.0100%	8h	0.4361	long leg	$225K	$913K	50x
Pacifica WLD	+0.0100%	1h	0.4360	−0.022%	$58K	$454K	5x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4361	+0.004%	$28.6M	$23.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4360	−0.019%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4363	+0.048%	$130K	$268K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4358	−0.061%	$26K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4358	−0.070%	$590K	$1.8M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4355	−0.133%	$60K	$222K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4363	+0.055%	$57K	$1.8M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4363	+0.050%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4360	−0.019%	$188	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4358	−0.065%	$808K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4362	+0.027%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4360	−0.026%	$148K	$532K	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4344	−0.386%	$6K	$90K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4361	+0.003%	—	—	20x	as long as short
Lighter WLD	+0.0184%	1h	0.4369	+0.176%	$4.7M	$1.3M	10x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0206% / S −0.1501%	1h	0.4364	+0.063%	$7K	—	100x
Coinbase International WLD-PERP-INTX	+0.0352%	1h	0.4361	+0.004%	$262K	$1.4M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0463%	1h	0.4364	+0.075%	$881K	$2.2M	50x	as long as short