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 +0.307%

Price spread now: GMX against edgeX−0.346%7-day average — · you buy dearer than you sell

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

Long on edgeX 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 airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.346% cheaper against edgeX than usual: you would sell low and buy high (spread −0.346% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 24 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	edgeX WLDUSDC	0.4594	0.0100	pay 0.0050% / 4h	1h 07m	$27K	$318K	20x
Short	GMX WLD/USD [ETH-USDC]	0.4578	L +0.0229% / S −0.1268%	get 0.0159% / 1h	7m 03s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against edgeX. 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 edgeXbpFee GMXbpOrdersPrice spread, now −0.346%Rate

Funding earned: $245.3
Price spread: −0.346% → 0.000%: −$34.63
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $189.68
Costs to cover: 0.210%
Break-even: 1.6 days

Slippage unknown: edgeX: live order book, 56 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 edgeX live order book, 56 min ago	4.28 bp	8.8 bp −$9	19.9 bp −$199	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
Kalshi KXWLDPERP	−0.0117%	8h	0.4582	−0.264%	$40K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0029%	8h	0.4565	−0.634%	$7.0M	$11.6M	50x	as long as short
Nado WLD-PERP	−0.0001%	1h	0.4575	−0.427%	$242K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4578	−0.349%	$163K	$26K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4580	−0.311%	$55K	—	150x	as long as short
01 Exchange WLDUSD	+0.0048%	1h	0.4580	−0.303%	$328	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0079%	8h	0.4579	−0.329%	$28K	$890K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4574	−0.428%	$182K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4580	−0.311%	$49K	$522K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4568	−0.579%	$86.9M	$327.8M	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	0.4567	−0.591%	$65.4M	$88.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4565	−0.634%	$34.3M	$148.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4574	−0.438%	$7.1M	$37.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4568	−0.569%	$44.3M	$54.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4563	−0.678%	$30.3M	$30.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4574	−0.438%	—	$67.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4576	−0.406%	$137K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4615	+0.445%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDClong	+0.0100%	4h	0.4594	long leg	$27K	$318K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4596	+0.041%	$605K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4590	−0.090%	$50K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4576	−0.404%	$52K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4583	−0.242%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4576	−0.395%	$171	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4577	−0.373%	$837K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4576	−0.395%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4565	−0.628%	$227K	$974K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4577	−0.384%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4575	−0.424%	—	—	20x	as long as short
Lighter WLD	+0.0144%	1h	0.4582	−0.275%	$5.0M	$2.3M	10x	as long as short
Phoenix WLD	+0.0172%	1h	0.4593	−0.029%	$5K	$57K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0187%	1h	0.4579	−0.329%	$115K	$923K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4576	−0.395%	$5.0M	$839K	75x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0229% / S −0.1268%	1h	0.4578	−0.346%	$5K	—	100x
Hyperliquid WLD	+0.0442%	1h	0.4580	−0.303%	$50.2M	$43.1M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4581	−0.286%	$270K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	+0.911%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0904%	1h	0.4580	−0.309%	$886K	$2.9M	50x	as long as short