Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0867%/8h= +94.9% APRpaid last 24h +0.335%

Price spread now: GMX against MEXC+0.120%7-day average — · you sell dearer than you buy

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

Long on MEXC 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 +$26 a day on $10k at the current rate, and GMX is 0.120% dearer against MEXC than usual: you sell high and buy low: +$12 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	MEXC WLD_USDT	0.4518	0.0100	pay 0.0100% / 8h	2h 50m	$39.0M	$55.5M	300x
Short	GMX WLD/USD [ETH-USDC]	0.4523	L +0.0219% / S −0.0967%	get 0.0121% / 1h	50m 08s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now +0.120%Rate

Funding earned: $182.09
Price spread: +0.120% → 0.000%: $12
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $182.08
Costs to cover: 0.120%
Break-even: 0.0 days

Slippage unknown: MEXC: live order book, 4 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 MEXC live order book, 4 min ago	1.11 bp	2.4 bp −$2	6.2 bp −$62	19.7 bp −$1,970	75.6 bp −$37.8K
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 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	−0.0036%	1h	0.4526	+0.188%	$240K	$204K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4523	+0.115%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4522	+0.089%	$72K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4523	+0.111%	$146K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4524	+0.130%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0038%	8h	0.4518	0.000%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4529	+0.241%	$324	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0088%	1h	0.4524	+0.126%	$47K	$2.3M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4523	+0.111%	$28K	$853K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4511	−0.157%	$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	0.4526	+0.177%	$47K	$533K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4511	−0.163%	$85.8M	$337.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4509	−0.199%	$64.2M	$91.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4511	−0.155%	$34.1M	$153.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4514	−0.089%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4518	long leg	$39.0M	$55.5M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4507	−0.243%	$29.7M	$30.7M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4509	−0.199%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4514	−0.089%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4526	+0.171%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4514	−0.078%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4521	+0.066%	$593K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4517	−0.022%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4532	+0.310%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4520	+0.044%	$208	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	+0.044%	$826K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4521	+0.066%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4520	+0.050%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4523	+0.111%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4525	+0.150%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4523	+0.111%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	+0.022%	$6K	$185K	5.5x	as long as short
Lighter WLD	+0.0192%	1h	0.4523	+0.117%	$4.9M	$2.9M	10x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0219% / S −0.0967%	1h	0.4523	+0.120%	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4528	+0.221%	$4.8M	$930K	75x	as long as short
Hyperliquid WLD	+0.0344%	1h	0.4514	−0.093%	$49.0M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0501%	1h	0.4521	+0.062%	$865K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4532	+0.310%	$267K	$1.7M	50x	as long as short