Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1311%/8h= +143.6% APRpaid last 24h +0.324%

Price spread now: GMX against KuCoin+0.081%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on GMX

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 for this trade now. Funding pays +$39 a day on $10k at the current rate, and GMX is 0.081% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4644	−0.0043	get 0.0043% / 8h	6h 17m	$7.0M	$11.5M	50x
Short	GMX WLD/USD [ETH-USDC]	0.4648	L +0.0230% / S −0.1268%	get 0.0159% / 1h	17m 20s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.081%Rate

Funding earned: $275.33
Price spread: +0.081% → 0.000%: $8.05
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $259.39
Costs to cover: 0.240%
Break-even: 0.4 days

Slippage unknown: KuCoin: live order book, 1 min ago; GMX: 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 KuCoin live order book, 1 min ago	3.22 bp	35.7 bp −$36	55.8 bp −$558	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 37 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
Injective WLD/USDC PERP	−0.0235%	1h	0.4666	+0.474%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0144%	8h	0.4648	+0.086%	$65K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTMlong	−0.0043%	8h	0.4644	long leg	$7.0M	$11.5M	50x
Nado WLD-PERP	−0.0002%	1h	0.4647	+0.065%	$270K	$189K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4657	+0.281%	$166K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4649	+0.108%	$120K	$918K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4648	+0.081%	$56K	—	150x	as long as short
Gate WLD_USDT	+0.0059%	8h	0.4648	+0.086%	$7.3M	$37.9M	75x	as long as short
Orderly PERP_WLD_USDC	+0.0060%	8h	0.4647	+0.065%	$28K	$897K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4667	+0.500%	$5K	$54K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4650	+0.139%	$178K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4658	+0.306%	$53K	$511K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4650	+0.129%	$88.3M	$326.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4647	+0.065%	$66.2M	$88.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4650	+0.129%	$35.0M	$152.3M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4648	+0.086%	$45.7M	$56.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4648	+0.086%	$30.9M	$29.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4647	+0.065%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4662	+0.394%	$138K	$294K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4664	+0.423%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4680	+0.776%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4691	+1.012%	$622K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4689	+0.969%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4650	+0.138%	$55K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4654	+0.215%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4645	+0.022%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4653	+0.194%	$881K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4644	0.000%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4647	+0.054%	$215K	$889K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4649	+0.114%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4645	+0.014%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0230% / S −0.1268%	1h	0.4648	+0.081%	$5K	—	100x
01 Exchange WLDUSD	+0.0264%	1h	0.4653	+0.192%	$333	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4652	+0.172%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0547%	1h	0.4652	+0.174%	$51.7M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0644%	1h	0.4648	+0.084%	$905K	$2.9M	50x	as long as short
Lighter WLD	+0.0864%	1h	0.4654	+0.226%	$5.3M	$2.1M	10x	as long as short