Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h −0.049%

Price spread now: Gate against GMX−0.021%7-day average — · you buy dearer than you sell

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

Long on GMX 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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.021% cheaper against GMX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLD/USD [ETH-USDC]	0.4580	L +0.0260% / S −0.2221%	pay 0.0032% / 1h	20m 34s	$9K	—	100x
Short	Gate WLD_USDT	0.4579	0.0100	get 0.0100% / 8h	1h 20m	$7.4M	$35.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GMX. 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 GMXbpFee GatebpOrdersPrice spread, now −0.021%Rate

Funding earned: −$33.6
Price spread: −0.021% → 0.000%: −$2.07
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$62.67
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 3 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 GMX no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	2.18 bp	16.6 bp −$17	31.4 bp −$314	47.7 bp −$4,768	130.0 bp −$65.0K

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	−0.0317%	8h	0.4583	+0.067%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+0.940%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4579	−0.012%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4580	+0.001%	$108K	$900K	25x	as long as short
Orderly PERP_WLD_USDC	+0.0001%	8h	0.4580	+0.001%	$28K	$913K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4581	+0.026%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0006%	8h	0.4577	−0.064%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0050%	1h	0.4581	+0.023%	$276K	$169K	5x	as long as short
Variational Omni WLD	+0.0074%	8h	0.4588	+0.174%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4579	−0.011%	$200K	$989K	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	0.4579	−0.016%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4579	−0.020%	$86.6M	$297.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4578	−0.043%	$65.6M	$82.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4576	−0.086%	$34.2M	$141.3M	50x	as long as short
Gate WLD_USDTshort	+0.0100%	8h	0.4579	−0.021%	$7.4M	$35.3M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4580	+0.001%	$49.0M	$52.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4577	−0.064%	$30.2M	$25.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4580	+0.001%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4578	−0.040%	$129K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4585	+0.103%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4592	+0.259%	$617K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	+0.176%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4581	+0.021%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4585	+0.110%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4580	+0.001%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4578	−0.043%	$864K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4580	+0.001%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4577	−0.062%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4580	+0.006%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4587	+0.158%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4578	−0.044%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4584	+0.092%	$908K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4579	−0.021%	$4.9M	$814K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4583	+0.071%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0260% / S −0.2221%	1h	0.4580	long leg	$9K	—	100x
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4586	+0.132%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0769%	1h	0.4584	+0.086%	$49.8M	$43.1M	10x	as long as short
Lighter WLD	+0.0960%	1h	0.4590	+0.226%	$5.2M	$2.1M	10x	as long as short