Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0219%/8h= −24.0% APRpaid last 24h −0.087%

Price spread now: Kalshi against GMX+0.060%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Kalshi

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

The price spread pays, funding is against you. Kalshi is 0.060% dearer against GMX than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLD/USD [ETH-USDC]	0.4503	L +0.0219% / S −0.0967%	pay 0.0027% / 1h	46m 34s	$4K	—	100x
Short	Kalshi KXWLDPERP	0.4506	0	get 0.0000% / 8h	6h 46m	$80K	$4.8M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now +0.060%Rate

Funding earned: −$45.96
Price spread: +0.060% → 0.000%: $6
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$61.97
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kalshi: 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 GMX no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 2 min ago	3.32 bp	9.0 bp −$9	16.5 bp −$165	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
Nado WLD-PERP	−0.0045%	1h	0.4502	−0.029%	$242K	$208K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4506	+0.054%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERPshort	0.0000%	8h	0.4506	+0.060%	$80K	$4.8M	1.7x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4507	+0.082%	$144K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4505	+0.034%	$65K	—	150x	as long as short
Polymarket Perps WLD-USD	+0.0040%	1h	0.4501	−0.062%	$36K	$2.4M	10x	as long as short
KuCoin WLDUSDTM	+0.0041%	8h	0.4503	−0.007%	$6.7M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4506	+0.062%	$322	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4507	+0.082%	$28K	$849K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4507	+0.087%	$225K	$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	0.4507	+0.083%	$50K	$541K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4504	+0.018%	$85.4M	$337.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4501	−0.051%	$64.0M	$91.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4503	−0.007%	$34.1M	$152.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4507	+0.082%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4502	−0.029%	$38.8M	$55.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4504	+0.016%	$29.7M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4504	+0.016%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4505	+0.042%	$133K	$308K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4526	+0.498%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4515	+0.255%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4528	+0.557%	$594K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4523	+0.437%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4510	+0.149%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4505	+0.038%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4505	+0.038%	$825K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4505	+0.038%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4503	0.000%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4506	+0.071%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4501	−0.045%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4514	+0.242%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0160%	1h	0.4512	+0.195%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	+0.349%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0219% / S −0.0967%	1h	0.4503	long leg	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4508	+0.104%	$4.8M	$927K	75x	as long as short
Hyperliquid WLD	+0.0318%	1h	0.4508	+0.107%	$48.9M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0502%	1h	0.4510	+0.148%	$860K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4520	+0.371%	$276K	$1.7M	50x	as long as short