Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0195%/8h= −21.3% APRpaid last 24h −0.053%

Price spread now: Orderly against GMX+0.016%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 Orderly

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: −$6 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]	0.4658	L +0.0239% / S −0.1538%	pay 0.0030% / 1h	29m 12s	$6K	—	100x
Short	Orderly PERP_WLD_USDC	0.4659	0.0044	get 0.0044% / 8h	7h 29m	$28K	$903K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.016%Rate

Funding earned: −$40.85
Price spread: +0.016% → 0.000%: $1.63
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$57.22
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

GMX and Orderly: 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	−0.0178%	8h	0.4657	−0.027%	$38K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0021%	1h	0.4659	+0.011%	$279K	$170K	5x	as long as short
KuCoin WLDUSDTM	−0.0016%	8h	0.4657	−0.027%	$7.0M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4658	−0.003%	$166K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4661	+0.059%	$134K	$871K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4656	−0.047%	$57K	—	150x	as long as short
Phemex WLDUSDT	+0.0015%	8h	0.4661	+0.059%	$1.9M	$3.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	+0.016%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDCshort	+0.0044%	8h	0.4659	+0.016%	$28K	$903K	10x
Aster WLDUSDT	+0.0100%	8h	0.4662	+0.074%	$191K	$976K	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	0.4659	+0.016%	$54K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4662	+0.081%	$88.8M	$305.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4663	+0.102%	$67.2M	$82.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4664	+0.124%	$35.2M	$146.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4656	−0.048%	$7.6M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4658	−0.005%	$48.0M	$53.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4659	+0.016%	$30.9M	$26.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4657	−0.027%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4654	−0.091%	$138K	$280K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4661	+0.054%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4667	+0.183%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	+0.081%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4673	+0.317%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4661	+0.053%	$55K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4664	+0.124%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4661	+0.059%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4653	−0.112%	$865K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4658	+0.006%	$219K	$863K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4662	+0.091%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4657	−0.031%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4655	−0.072%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4656	−0.048%	$4.9M	$862K	75x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0239% / S −0.1538%	1h	0.4658	long leg	$6K	—	100x
01 Exchange WLDUSD	+0.0248%	1h	0.4663	+0.109%	$334	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0323%	1h	0.4664	+0.128%	$916K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4665	+0.145%	$277K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0770%	1h	0.4667	+0.190%	$52.0M	$43.5M	10x	as long as short
Lighter WLD	+0.0912%	1h	0.4672	+0.293%	$5.3M	$2.0M	10x	as long as short