Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.2056%/8h= +225.2% APRpaid last 24h +0.299%

Price spread now: GMX against Orderly+0.021%7-day average — · you sell dearer than you buy

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

Long on Orderly 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 +$62 a day on $10k at the current rate, and GMX is 0.021% dearer against Orderly than usual: you sell high and buy low: +$2 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	Orderly PERP_WLD_USDC	0.4522	−0.0014	get 0.0014% / 8h	1h 59m	$27K	$916K	10x
Short	GMX WLD/USD [ETH-USDC]	0.4523	L +0.0244% / S −0.2042%	get 0.0255% / 1h	59m 28s	$9K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Orderly. 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 OrderlybpFee GMXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $431.81
Price spread: +0.021% → 0.000%: $2.06
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $415.87
Costs to cover: 0.180%
Break-even: 0.3 days

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

Orderly and 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
Kalshi KXWLDPERP	−0.0486%	8h	0.4519	−0.066%	$45K	$3.8M	1.7x	as long as short
Nado WLD-PERP	−0.0019%	1h	0.4521	−0.011%	$271K	$169K	5x	as long as short
Orderly PERP_WLD_USDClong	−0.0014%	8h	0.4522	long leg	$27K	$916K	10x
KuCoin WLDUSDTM	−0.0001%	8h	0.4519	−0.066%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4512	−0.220%	$154K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4519	−0.066%	$122K	$911K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4522	+0.010%	$56K	—	150x	as long as short
Variational Omni WLD	+0.0025%	8h	0.4516	−0.126%	$2.1M	$1.7M	—	as long as short
Phoenix WLD	+0.0052%	1h	0.4523	+0.031%	$5K	$49K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0098%	8h	0.4520	−0.044%	$33.8M	$137.8M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4522	−0.006%	$212K	$976K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4515	−0.152%	$51K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4524	+0.044%	$84.9M	$293.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4522	0.000%	$64.4M	$80.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4521	−0.022%	$7.3M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4522	0.000%	$52.3M	$48.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4521	−0.022%	$29.9M	$25.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4522	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4517	−0.104%	$128K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4516	−0.131%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4521	−0.023%	$606K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4519	−0.066%	$54K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4522	−0.002%	$51K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4523	+0.022%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4517	−0.111%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4516	−0.133%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4519	−0.066%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4516	−0.124%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4520	−0.055%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4520	−0.055%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4519	−0.066%	$4.8M	$809K	75x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0244% / S −0.2042%	1h	0.4523	+0.021%	$9K	—	100x
01 Exchange WLDUSD	+0.0304%	1h	0.4526	+0.077%	$324	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4542	+0.442%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4524	+0.044%	$278K	$1.6M	50x	as long as short
Lighter WLD	+0.0936%	1h	0.4523	+0.033%	$5.1M	$2.0M	10x	as long as short
Hyperliquid WLD	+0.1019%	1h	0.4527	+0.104%	$46.9M	$41.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1104%	1h	0.4519	−0.072%	$919K	$2.6M	50x	as long as short