Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0747%/8h= +81.8% APRpaid last 24h +0.300%

Price spread now: GMX against BloFin+0.054%7-day average — · you sell dearer than you buy

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

Long on BloFin 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

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and GMX is 0.054% dearer against BloFin than usual: you sell high and buy low: +$5 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	BloFin WLD-USDT	0.4538	0.0220	pay 0.0220% / 8h	1h 46m	$4.8M	$937K	75x
Short	GMX WLD/USD [ETH-USDC]	0.4540	L +0.0219% / S −0.0967%	get 0.0121% / 1h	46m 30s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $156.89
Price spread: +0.054% → 0.000%: $5.35
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $138.24
Costs to cover: 0.240%
Break-even: 0.8 days

Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago	2.20 bp	12.4 bp −$12	15.5 bp −$155	32.3 bp −$3,230	107.4 bp −$53.7K
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
Nado WLD-PERP	−0.0022%	1h	0.4546	+0.176%	$239K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4541	+0.068%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4547	+0.198%	$59K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4542	+0.088%	$151K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4542	+0.084%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0081%	8h	0.4538	0.000%	$6.7M	$11.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4541	+0.066%	$27K	$789K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4538	+0.001%	$227K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4541	+0.061%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4534	−0.088%	$86.5M	$340.0M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4534	−0.088%	$64.7M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4533	−0.110%	$34.3M	$155.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4539	+0.022%	$7.2M	$36.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4538	0.000%	$40.3M	$56.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4534	−0.088%	$29.9M	$31.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4540	+0.044%	—	$70.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4541	+0.077%	$132K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4541	+0.061%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4542	+0.097%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4546	+0.179%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4544	+0.132%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4532	−0.134%	$56K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4547	+0.198%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4541	+0.066%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4538	0.000%	$830K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4541	+0.066%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4537	−0.016%	$209K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4541	+0.077%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4541	+0.066%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4532	−0.137%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0136%	1h	0.4535	−0.057%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4542	+0.099%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0219% / S −0.0967%	1h	0.4540	+0.054%	$4K	—	100x
BloFin WLD-USDTlong	+0.0220%	8h	0.4538	long leg	$4.8M	$937K	75x
Lighter WLD	+0.0256%	1h	0.4545	+0.145%	$4.9M	$2.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4548	+0.220%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0729%	1h	0.4540	+0.053%	$49.8M	$44.8M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1042%	1h	0.4541	+0.068%	$870K	$2.9M	50x	as long as short