Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0867%/8h= +94.9% APRpaid last 24h +0.346%

Price spread now: GMX against Bybit−0.069%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.069% cheaper against Bybit than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 6 hours of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLDUSDT	0.4470	0.0100	pay 0.0100% / 8h	2h 27m	$63.6M	$91.9M	50x
Short	GMX WLD/USD [ETH-USDC]	0.4467	L +0.0219% / S −0.0967%	get 0.0121% / 1h	27m 43s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now −0.069%Rate

Funding earned: $182.09
Price spread: −0.069% → 0.000%: −$6.91
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: $152.17
Costs to cover: 0.230%
Break-even: 1.1 days

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.12 bp	10.5 bp −$11	19.5 bp −$195	138.6 bp −$13.9K	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
Nado WLD-PERP	−0.0050%	1h	0.4471	+0.034%	$240K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4473	+0.061%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4477	+0.157%	$68K	$4.9M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4471	+0.022%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4469	−0.027%	$65K	—	150x	as long as short
Polymarket Perps WLD-USD	+0.0040%	1h	0.4469	−0.034%	$39K	$2.4M	10x	as long as short
KuCoin WLDUSDTM	+0.0043%	8h	0.4471	+0.022%	$6.7M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4471	+0.031%	$320	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4469	−0.022%	$28K	$811K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4479	+0.198%	$223K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4474	+0.089%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4473	+0.067%	$85.3M	$338.9M	75x	as long as short
Bybit WLDUSDTlong	+0.0100%	8h	0.4470	long leg	$63.6M	$91.9M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4470	0.000%	$33.7M	$152.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4471	+0.022%	$7.3M	$37.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4472	+0.045%	$38.5M	$55.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4472	+0.045%	$29.4M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4472	+0.045%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4475	+0.121%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4489	+0.421%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4489	+0.430%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4494	+0.537%	$597K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4488	+0.403%	$48K	$241K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4476	+0.134%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4470	0.000%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4469	−0.022%	$818K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4472	+0.045%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4470	+0.006%	$219K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4471	+0.012%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4468	−0.038%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4490	+0.445%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0144%	1h	0.4477	+0.159%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.962%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0219% / S −0.0967%	1h	0.4467	−0.069%	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4490	+0.447%	$4.8M	$920K	75x	as long as short
Hyperliquid WLD	+0.0283%	1h	0.4475	+0.107%	$48.4M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0507%	1h	0.4474	+0.092%	$853K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4476	+0.134%	$273K	$1.6M	50x	as long as short