Spread before costs (cost unknown: a leg has no order-book sample)+0.099%
7d average—if it closes, per $10,000$10funding while held, a day−$2.92
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid WLD | 0.4410 | 0.0100 | pay 0.0013% / 1h | 21m 40s | $45.0M | $38.5M | 10x |
| Short | gTrade (Gains Network) WLD/USD | 0.4414 | L +0.0003% / S −0.0003% | get 0.0000% / 1h | 21m 40s | $57K | — | 150x |
Hyperliquid WLD
gTrade (Gains Network) WLD/USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $9.91
- Funding while held
- −$2.92
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$12.01
- Spread needed to break even
- 0.190%
Slippage unknown: Hyperliquid: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0097%
- Per $10,000 a day
- −$2.92
- Average in range /8h
- —
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 Hyperliquid live order book, 3 min ago | 0.23 bp | 6.7 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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 price on every exchange
against the cheapest. Click to use as the short leg.Bybit0.4401cheapestOKX0.4401cheapestBingX0.4401cheapestBitget0.4402+0.023%MEXC0.4403+0.045%Extended0.4403+0.047%Binance0.4404+0.062%Gate0.4404+0.068%Pacifica0.4405+0.085%dYdX0.4407+0.128%KuCoin0.4408+0.159%Variational Omni0.4409+0.172%Reya0.4409+0.175%Lighter0.4409+0.189%
Bybit
OKX
BingX
Bitget
MEXC
Extended
Binance
Gate
Pacifica
dYdX
KuCoin
Variational Omni
Reya
LighterHyperliquid0.4410+0.200%
Backpack0.4410+0.204%Polymarket Perps0.4410+0.204%Phemex0.4410+0.204%Nado0.4411+0.227%Orderly0.4411+0.227%SoDEX0.4411+0.227%Aster0.4413+0.268%01 Exchange0.4413+0.268%GMX0.4413+0.270%Aevo0.4413+0.271%Deribit0.4414+0.295%HTX0.4414+0.295%
Backpack
Polymarket Perps
Phemex
Nado
Orderly
SoDEX
Aster
GMX
Aevo
Deribit
HTXgTrade (Gains Network)0.4414+0.299%
ApeX Omni0.4416+0.341%Kalshi0.4416+0.341%Kraken Futures0.4417+0.364%edgeX0.4418+0.378%BloFin0.4421+0.454%SunX0.4423+0.500%Phoenix0.4425+0.548%Injective0.4426+0.568%Coinbase International0.4427+0.591%
ApeX Omni
Kraken Futures
BloFin
SunX
Phoenix
Injective
Coinbase InternationalWLD on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | −0.200% | −0.0273% | 8h | $63.2M | $74.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | −0.200% | −0.0010% | 8h | $34.6M | $131.4M | 50x | as long as short |
| BingX WLD-USDT | −0.200% | +0.0051% | 8h | — | $68.6M | — | as long as short |
| Bitget WLDUSDT | −0.177% | +0.0051% | 8h | $28.9M | $25.3M | 75x | as long as short |
| MEXC WLD_USDT | −0.154% | −0.0045% | 8h | $44.1M | $46.3M | 300x | as long as short |
| Extended WLD-USD | −0.153% | +0.0048% | 1h | $133K | $616K | 10x | as long as short |
| Binance WLDUSDT | −0.138% | −0.0047% | 8h | $80.5M | $273.0M | 75x | as long as short |
| Gate WLD_USDT | −0.132% | −0.0220% | 8h | $7.3M | $33.3M | 75x | as long as short |
| Pacifica WLD | −0.115% | +0.0100% | 1h | $58K | $506K | 5x | as long as short |
| dYdX WLD-USD | −0.072% | +0.0046% | 1h | $152K | $5K | 10x | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin WLDUSDTM | −0.041% | −0.0023% | 8h | $7.0M | $11.5M | 50x | as long as short |
| Variational Omni WLD | −0.028% | −0.0191% | 8h | $2.1M | $1.6M | — | as long as short |
| Reya WLDRUSDPERP | −0.025% | +0.0134% | 1h | — | — | 20x | as long as short |
| Lighter WLD | −0.011% | +0.0096% | 1h | $4.7M | $1.1M | 10x | as long as short |
| Hyperliquid WLDlong | 0.000% | +0.0100% | 1h | $45.0M | $38.5M | 10x | |
| Backpack WLD_USDC_PERP | +0.005% | +0.0100% | 1h | $130K | $315K | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.005% | +0.0100% | 1h | $50K | $1.7M | 10x | as long as short |
| Phemex WLDUSDT | +0.005% | +0.0003% | 8h | $1.9M | $3.8M | 50x | as long as short |
| Nado WLD-PERP | +0.027% | −0.0049% | 1h | $346K | $206K | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.027% | −0.0050% | 8h | $27K | $942K | 10x | as long as short |
| SoDEX WLD-USD | +0.027% | +0.0100% | 1h | $191 | $5K | 10x | as long as short |
| Aster WLDUSDT | +0.068% | +0.0100% | 8h | $230K | $1.0M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.068% | +0.0032% | 1h | $316 | $77 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | +0.070% | L +0.0186% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
| Aevo WLD-PERP | +0.071% | +0.0072% | 1h | $30K | $5K | 3x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.095% | 0.0000% | 1h | $113K | $788K | 25x | as long as short |
| HTX WLD-USDT | +0.095% | +0.0100% | 8h | $821K | $1.6M | 50x | as long as short |
| gTrade (Gains Network) WLD/USDshort | +0.099% | L +0.0003% / S −0.0003% | 1h | $57K | — | 150x | |
| ApeX Omni WLDUSDT | +0.141% | +0.0100% | 1h | $63K | $220K | 50x | as long as short |
| Kalshi KXWLDPERP | +0.141% | −0.0129% | 8h | $90K | $3.4M | 1.7x | as long as short |
| Kraken Futures PF_WLDUSD | +0.163% | +0.0008% | 1h | $894K | $2.3M | 50x | as long as short |
| edgeX WLDUSDC | +0.177% | +0.0100% | 4h | $26K | $314K | 20x | as long as short |
| BloFin WLD-USDT | +0.254% | +0.0073% | 8h | $4.9M | $1.1M | 75x | as long as short |
| SunX WLD-USDT | +0.299% | +0.0100% | 8h | $22K | $1.4M | 50x | as long as short |
| Phoenix WLD | +0.347% | −0.0091% | 1h | $2K | $60K | 10x | as long as short |
| Injective WLD/USDC PERP | +0.367% | +0.0353% | 1h | $6K | $194 | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.390% | +0.0216% | 1h | $268K | $1.7M | 50x | as long as short |