Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.018%

Price spread now: Gate against gTrade (Gains Network)−0.246%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Gate

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. Gate is 0.246% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.246% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 8.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WLD/USD	0.4556	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	26m 32s	$66K	—	150x
Short	Gate WLD_USDT	0.4545	0.0100	get 0.0100% / 8h	3h 26m	$7.3M	$36.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now −0.246%Rate

Funding earned: $20.33
Price spread: −0.246% → 0.000%: −$24.63
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$29.3
Costs to cover: 0.250%
Break-even: 17.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 2 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	1.10 bp	18.4 bp −$18	38.9 bp −$389	56.7 bp −$5,674	doesn't fit

gTrade (Gains Network): 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	−0.0031%	1h	0.4543	−0.279%	$241K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4546	−0.221%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4555	−0.027%	$61K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4555	−0.027%	$124K	$942K	25x	as long as short
gTrade (Gains Network) WLD/USDlong	L +0.0003% / S −0.0003%	1h	0.4556	long leg	$66K	—	150x
KuCoin WLDUSDTM	+0.0024%	8h	0.4546	−0.224%	$6.9M	$11.7M	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4550	−0.130%	$39K	$2.1M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4554	−0.048%	$209K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4546	−0.216%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4547	−0.202%	$86.7M	$329.7M	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	0.4547	−0.202%	$64.8M	$89.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4545	−0.246%	$34.4M	$150.6M	50x	as long as short
Gate WLD_USDTshort	+0.0100%	8h	0.4545	−0.246%	$7.3M	$36.5M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4546	−0.224%	$41.4M	$54.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4546	−0.224%	$30.0M	$30.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4546	−0.224%	—	$67.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4552	−0.090%	$136K	$302K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4580	+0.515%	$2.2M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4569	+0.286%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4562	+0.127%	$600K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	+0.522%	$43K	$238K	50x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4554	−0.049%	$28K	$867K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4560	+0.083%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4554	−0.049%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4557	+0.017%	$833K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4555	−0.027%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4545	−0.253%	$216K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4555	−0.038%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4545	−0.243%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.434%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4584	+0.614%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4554	−0.049%	$4.9M	$890K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4555	−0.018%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0296%	1h	0.4549	−0.167%	$325	$55	5x	as long as short
Hyperliquid WLD	+0.0399%	1h	0.4552	−0.084%	$50.0M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0521%	1h	0.4555	−0.030%	$885K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4561	+0.105%	$266K	$1.6M	50x	as long as short
Lighter WLD	+0.0808%	1h	0.4558	+0.050%	$5.2M	$2.6M	10x	as long as short