Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0119%/8h= −13.1% APRpaid last 24h −0.043%

Price spread now: MEXC against GMX−0.018%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 MEXC

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLD/USD [ETH-USDC]	0.4564	L +0.0219% / S −0.0967%	pay 0.0027% / 1h	2m 40s	$4K	—	100x
Short	MEXC WLD_USDT	0.4563	0.0100	get 0.0100% / 8h	2h 02m	$40.3M	$57.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$25.03
Price spread: −0.018% → 0.000%: −$1.84
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$38.87
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.10 bp	1.1 bp −$1	3.2 bp −$32	18.5 bp −$1,850	66.7 bp −$33.4K

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	−0.0034%	1h	0.4561	−0.073%	$240K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4565	+0.016%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4558	−0.128%	$53K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4566	+0.037%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0073%	8h	0.4563	−0.018%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0080%	1h	0.4565	+0.034%	$327	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4567	+0.069%	$27K	$790K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4567	+0.074%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4565	+0.021%	$51K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4564	+0.004%	$86.9M	$339.2M	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	0.4564	+0.004%	$65.1M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4564	+0.004%	$34.6M	$156.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4564	+0.004%	$7.2M	$37.9M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4563	−0.018%	$40.3M	$57.2M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4562	−0.040%	$30.1M	$31.4M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4564	+0.004%	—	$70.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4568	+0.093%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	+0.326%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4576	+0.256%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.398%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4574	+0.223%	$49K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4563	−0.010%	$47K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4570	+0.135%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4568	+0.091%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	+0.069%	$835K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4567	+0.069%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4562	−0.037%	$211K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4567	+0.080%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4563	−0.026%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4578	+0.306%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4570	+0.124%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.435%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0188%	1h	0.4569	+0.113%	$152K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0219% / S −0.0967%	1h	0.4564	long leg	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4568	+0.091%	$4.8M	$921K	75x	as long as short
Hyperliquid WLD	+0.0361%	1h	0.4568	+0.093%	$49.8M	$44.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0496%	1h	0.4570	+0.138%	$864K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4566	+0.047%	$275K	$1.7M	50x	as long as short