Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0129%/8h= −14.1% APRpaid last 24h −0.068%

Price spread now: HTX against GMX−0.044%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 HTX

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 −$4 a day on $10k at the current rate, and HTX is 0.044% cheaper against GMX than usual: you would sell low and buy high (−$4 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]	0.4595	L +0.0229% / S −0.1268%	pay 0.0029% / 1h	40m 02s	$5K	—	100x
Short	HTX WLD-USDT	0.4593	0.0100	get 0.0100% / 8h	40m 02s	$855K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$27.06
Price spread: −0.044% → 0.000%: −$4.44
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$55.5
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: live order book, 4 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 HTX live order book, 4 min ago	4.34 bp	23.3 bp −$23	165.8 bp −$1,658	doesn't fit	doesn't fit

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	−0.0226%	8h	0.4600	+0.108%	$48K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4594	−0.014%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4596	+0.021%	$112K	$883K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4594	−0.018%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0019%	8h	0.4593	−0.044%	$7.0M	$10.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0019%	8h	0.4595	−0.001%	$28K	$909K	10x	as long as short
Nado WLD-PERP	+0.0067%	1h	0.4595	−0.001%	$277K	$168K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4596	+0.025%	$190K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4596	+0.032%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4596	+0.021%	$87.1M	$300.3M	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	0.4595	−0.001%	$65.8M	$82.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4594	−0.023%	$34.3M	$142.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4593	−0.044%	$7.5M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4596	+0.021%	$46.3M	$52.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4593	−0.044%	$30.3M	$25.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4595	−0.001%	—	$67.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4595	+0.006%	$129K	$270K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4603	+0.172%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4634	+0.854%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4609	+0.306%	$622K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4631	+0.783%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4597	+0.036%	$44K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4599	+0.086%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4594	−0.023%	$211	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4593	−0.044%	$855K	$1.8M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4595	−0.001%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4593	−0.040%	$236K	$843K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4596	+0.010%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4654	+1.274%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4590	−0.100%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4599	+0.086%	$4.9M	$826K	75x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0229% / S −0.1268%	1h	0.4595	long leg	$5K	—	100x
01 Exchange WLDUSD	+0.0296%	1h	0.4600	+0.117%	$329	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	+0.369%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4601	+0.130%	$273K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0610%	1h	0.4601	+0.119%	$49.9M	$43.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0715%	1h	0.4596	+0.029%	$914K	$2.6M	50x	as long as short
Lighter WLD	+0.1608%	1h	0.4605	+0.225%	$5.2M	$2.0M	10x	as long as short