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 +0.348%

Price spread now: GMX against Variational Omni+0.354%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and GMX is 0.354% dearer against Variational Omni than usual: you sell high and buy low: +$35 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	Variational Omni WLD	0.4509	0.0100	pay 0.0100% / 8h	2h 35m	$2.0M	$1.7M	—
Short	GMX WLD/USD [ETH-USDC]	0.4525	L +0.0219% / S −0.0967%	get 0.0121% / 1h	35m 17s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now +0.354%Rate

Funding earned: $182.09
Price spread: +0.354% → 0.000%: $35.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $205.44
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 4 min ago	4.47 bp	doesn't fit	15.6 bp −$156	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 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	−0.0060%	1h	0.4523	+0.326%	$243K	$208K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4524	+0.344%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4521	+0.271%	$68K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4525	+0.358%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0045%	8h	0.4523	+0.315%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4525	+0.348%	$324	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0068%	1h	0.4524	+0.337%	$41K	$2.4M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4527	+0.404%	$28K	$826K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4522	+0.290%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4524	+0.346%	$50K	$541K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4524	+0.337%	$86.1M	$338.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4520	+0.248%	$64.4M	$91.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4520	+0.248%	$34.2M	$153.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4525	+0.359%	$7.3M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4526	+0.381%	$38.5M	$55.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4527	+0.404%	$29.8M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4525	+0.359%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4514	+0.122%	$134K	$307K	10x	as long as short
Variational Omni WLDlong	+0.0100%	8h	0.4509	long leg	$2.0M	$1.7M	—
edgeX WLDUSDC	+0.0100%	4h	0.4505	−0.076%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4512	+0.072%	$599K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4512	+0.071%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4533	+0.537%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4526	+0.381%	$208	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	+0.248%	$828K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4525	+0.359%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4525	+0.355%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4528	+0.437%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4526	+0.377%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4516	+0.160%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0152%	1h	0.4530	+0.470%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.093%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0219% / S −0.0967%	1h	0.4525	+0.354%	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4523	+0.315%	$4.8M	$930K	75x	as long as short
Hyperliquid WLD	+0.0310%	1h	0.4532	+0.506%	$49.0M	$44.2M	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0413%	1h	0.4530	+0.470%	$145K	$1.0M	25x	as long as short
Kraken Futures PF_WLDUSD	+0.0500%	1h	0.4530	+0.470%	$864K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4530	+0.470%	$276K	$1.7M	50x	as long as short