Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h −0.050%

Price spread now: KuCoin against GMX−0.150%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 KuCoin

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 KuCoin is 0.150% cheaper against GMX than usual: you would sell low and buy high (−$15 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]	0.4516	L +0.0219% / S −0.0967%	pay 0.0027% / 1h	47m 50s	$4K	—	100x
Short	KuCoin WLDUSDTM	0.4509	0.0040	get 0.0040% / 8h	2h 47m	$6.7M	$11.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.150%Rate

Funding earned: −$37.57
Price spread: −0.150% → 0.000%: −$14.99
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$76.57
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	2.21 bp	23.8 bp −$24	48.7 bp −$487	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	−0.0041%	1h	0.4516	+0.005%	$244K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4514	−0.037%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4516	+0.005%	$81K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4517	+0.027%	$145K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4517	+0.025%	$65K	—	150x	as long as short
KuCoin WLDUSDTMshort	+0.0040%	8h	0.4509	−0.150%	$6.7M	$11.9M	50x
Polymarket Perps WLD-USD	+0.0064%	1h	0.4515	−0.008%	$40K	$2.3M	10x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4519	+0.063%	$323	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4516	+0.005%	$28K	$852K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4512	−0.083%	$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	0.4515	−0.011%	$50K	$541K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4512	−0.083%	$85.8M	$337.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4513	−0.061%	$64.2M	$91.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4515	−0.017%	$34.1M	$153.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4515	−0.017%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4512	−0.083%	$38.9M	$55.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4508	−0.172%	$29.7M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4512	−0.083%	—	$68.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4514	−0.033%	$134K	$307K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4526	+0.220%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4514	−0.028%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4528	+0.279%	$594K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4523	+0.160%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4519	+0.072%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4514	−0.039%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	−0.106%	$826K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4515	−0.017%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4508	−0.177%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4517	+0.038%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4515	−0.022%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4523	+0.160%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	+0.072%	$6K	$185K	5.5x	as long as short
Lighter WLD	+0.0200%	1h	0.4519	+0.069%	$4.9M	$2.9M	10x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0219% / S −0.0967%	1h	0.4516	long leg	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4511	−0.106%	$4.8M	$926K	75x	as long as short
Hyperliquid WLD	+0.0331%	1h	0.4518	+0.041%	$49.0M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0501%	1h	0.4519	+0.074%	$862K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4520	+0.094%	$276K	$1.7M	50x	as long as short