Spread before costs (cost unknown: a leg has no order-book sample)+0.043%
7d average—if it closes, per $10,000$4funding while held, a day+$27.43
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX WLD-USD | 0.4408 | 0.0100 | pay 0.0013% / 1h | 40m 00s | $192 | $5K | 10x |
| Short | GMX WLD/USD [ETH-USDC] | 0.4410 | L +0.0187% / S −0.1014% | get 0.0127% / 1h | 40m 00s | $5K | — | 100x |
SoDEX WLD-USD
GMX WLD/USD [ETH-USDC]Price 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
- $4.26
- Funding while held
- $27.43
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $11.69
- Spread needed to break even
- 0.200%
Slippage unknown: SoDEX: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0914%
- Per $10,000 a day
- +$27.43
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
SoDEX 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 price on every exchange
against the cheapest. Click to use as the short leg.edgeX0.4392cheapestApeX Omni0.4395+0.067%Phoenix0.4397+0.124%Variational Omni0.4399+0.168%HTX0.4406+0.318%Orderly0.4407+0.340%Reya0.4407+0.350%Extended0.4408+0.360%Hyperliquid0.4408+0.363%Gate0.4408+0.363%
ApeX Omni
Phoenix
Variational Omni
HTX
Orderly
Reya
Extended
Hyperliquid
GateSoDEX0.4408+0.363%
BloFin0.4408+0.363%Pacifica0.4408+0.365%Nado0.4409+0.375%OKX0.4409+0.386%MEXC0.4409+0.386%gTrade (Gains Network)0.4409+0.386%Deribit0.4409+0.386%Aevo0.4409+0.387%Aster0.4409+0.394%dYdX0.4410+0.401%Backpack0.4410+0.402%
BloFin
Pacifica
Nado
OKX
MEXC
gTrade (Gains Network)
Deribit
Aevo
Aster
dYdX
BackpackGMX0.4410+0.406%
Polymarket Perps0.4410+0.406%Binance0.4410+0.409%Bybit0.4410+0.409%KuCoin0.4410+0.409%Bitget0.4410+0.409%BingX0.4410+0.409%Phemex0.4410+0.409%Kraken Futures0.4410+0.411%Kalshi0.4413+0.477%Coinbase International0.4413+0.477%SunX0.4414+0.500%Lighter0.4417+0.559%Injective0.4477+1.934%
Polymarket Perps
Binance
Bybit
KuCoin
Bitget
BingX
Phemex
Kraken Futures
Coinbase International
SunX
Lighter
InjectiveWLD on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX WLDUSDC | −0.362% | +0.0100% | 4h | $26K | $316K | 20x | as long as short |
| ApeX Omni WLDUSDT | −0.295% | +0.0054% | 1h | $58K | $218K | 50x | as long as short |
| Phoenix WLD | −0.238% | +0.0018% | 1h | $2K | $56K | 10x | as long as short |
| Variational Omni WLD | −0.195% | −0.0064% | 8h | $2.0M | $1.6M | — | as long as short |
| HTX WLD-USDT | −0.045% | +0.0100% | 8h | $816K | $1.5M | 50x | as long as short |
| Orderly PERP_WLD_USDC | −0.023% | −0.0025% | 8h | $27K | $958K | 10x | as long as short |
| Reya WLDRUSDPERP | −0.013% | +0.0134% | 1h | — | — | 20x | as long as short |
| Extended WLD-USD | −0.003% | +0.0104% | 1h | $127K | $658K | 10x | as long as short |
| Hyperliquid WLD | 0.000% | +0.0100% | 1h | $45.9M | $38.4M | 10x | as long as short |
| Gate WLD_USDT | 0.000% | +0.0028% | 8h | $7.1M | $33.6M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX WLD-USDlong | 0.000% | +0.0100% | 1h | $192 | $5K | 10x | |
| BloFin WLD-USDT | 0.000% | +0.0088% | 8h | $4.9M | $1.2M | 75x | as long as short |
| Pacifica WLD | +0.002% | +0.0100% | 1h | $71K | $486K | 5x | as long as short |
| Nado WLD-PERP | +0.011% | +0.0017% | 1h | $347K | $187K | 5x | as long as short |
| OKX WLD-USDT-SWAP | +0.023% | −0.0011% | 8h | $33.3M | $130.4M | 50x | as long as short |
| MEXC WLD_USDT | +0.023% | −0.0032% | 8h | $40.4M | $46.4M | 300x | as long as short |
| gTrade (Gains Network) WLD/USD | +0.023% | L +0.0003% / S −0.0003% | 1h | $70K | — | 150x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.023% | 0.0000% | 1h | $121K | $746K | 25x | as long as short |
| Aevo WLD-PERP | +0.024% | +0.0072% | 1h | $30K | $5K | 3x | as long as short |
| Aster WLDUSDT | +0.031% | +0.0036% | 8h | $355K | $778K | 50x | as long as short |
| dYdX WLD-USD | +0.038% | +0.0042% | 1h | $152K | $5K | 10x | as long as short |
| Backpack WLD_USDC_PERP | +0.039% | +0.0100% | 1h | $131K | $318K | 10x | as long as short |
| GMX WLD/USD [ETH-USDC]short | +0.043% | L +0.0187% / S −0.1014% | 1h | $5K | — | 100x | |
| Polymarket Perps WLD-USD | +0.043% | +0.0100% | 1h | $50K | $1.7M | 10x | as long as short |
| Binance WLDUSDT | +0.045% | −0.0031% | 8h | $80.8M | $269.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.045% | −0.0076% | 8h | $63.1M | $74.8M | 50x | as long as short |
| KuCoin WLDUSDTM | +0.045% | +0.0039% | 8h | $6.9M | $12.2M | 50x | as long as short |
| Bitget WLDUSDT | +0.045% | +0.0060% | 8h | $28.9M | $25.0M | 75x | as long as short |
| BingX WLD-USDC | +0.045% | +0.0064% | 8h | — | $1.3M | — | as long as short |
| Phemex WLDUSDT | +0.045% | +0.0100% | 8h | $1.8M | $3.9M | 50x | as long as short |
| Kraken Futures PF_WLDUSD | +0.047% | −0.0033% | 1h | $778K | $1.9M | 50x | as long as short |
| Kalshi KXWLDPERP | +0.113% | −0.0224% | 8h | $74K | $3.0M | 1.7x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.113% | +0.0264% | 1h | $269K | $1.8M | 50x | as long as short |
| SunX WLD-USDT | +0.136% | +0.0100% | 8h | $22K | $1.4M | 50x | as long as short |
| Lighter WLD | +0.195% | +0.0096% | 1h | $4.8M | $1.1M | 10x | as long as short |
| Injective WLD/USDC PERP | +1.565% | +0.0449% | 1h | $6K | $41K | 5.5x | as long as short |