Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Aster against Backpack+0.026%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.281%+$28 · spread now +0.026%, 7d avg −0.009%

Together, before fees+0.251%+ Points / potential airdropAster: Stage 5 · farm board+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.035% dearer against Backpack than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLD_USDC_PERP	0.4544	0.0100	pay 0.0013% / 1h	18m 11s	$129K	$271K	10x
Short	Aster WLDUSDT	0.4545	0.0100	get 0.0100% / 8h	2h 18m	$215K	$982K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Backpack. 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 BackpackbpFee AsterbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → −0.009%: $3.55
Slippage, 4 orders: −$25.85
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.3
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from Backpack: live order book, 5 min ago; Aster: live order book, 5 min ago.

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 Backpack live order book, 5 min ago	0.44 bp	6.4 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	2.20 bp	12.5 bp −$13	33.1 bp −$331	doesn't fit	doesn't fit

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	−0.0447%	8h	0.4547	+0.070%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0021%	8h	0.4543	−0.018%	$28K	$917K	10x	as long as short
Variational Omni WLD	−0.0004%	8h	0.4542	−0.034%	$2.1M	$1.6M	—	as long as short
dYdX WLD-USD	0.0000%	1h	0.4547	+0.068%	$155K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4546	+0.048%	$124K	$908K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4545	+0.016%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0004%	8h	0.4540	−0.084%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0032%	1h	0.4543	−0.018%	$271K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4553	+0.194%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0074%	8h	0.4542	−0.040%	$33.9M	$138.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0091%	8h	0.4543	−0.026%	$85.4M	$292.8M	75x	as long as short
MEXC WLD_USDT	+0.0092%	8h	0.4542	−0.040%	$53.6M	$47.6M	300x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4544	+0.013%	$46.6M	$41.2M	10x	as long as short
Aster WLDUSDTshort	+0.0100%	8h	0.4545	+0.026%	$215K	$982K	50x
Pacifica WLD	+0.0100%	1h	0.4545	+0.026%	$51K	$482K	5x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4542	−0.040%	$64.8M	$80.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4541	−0.062%	$7.4M	$34.7M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4539	−0.106%	$30.1M	$25.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4540	−0.084%	—	$68.0M	—	as long as short
Backpack WLD_USDC_PERPlong	+0.0100%	1h	0.4544	long leg	$129K	$271K	10x
edgeX WLDUSDC	+0.0100%	4h	0.4544	−0.004%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4550	+0.136%	$610K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4542	−0.040%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4543	−0.018%	$52K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4550	+0.136%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4543	−0.018%	$198	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4550	+0.136%	$858K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4544	+0.004%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4542	−0.039%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4545	+0.028%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4543	−0.021%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0212%	8h	0.4544	+0.004%	$4.9M	$808K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.1712%	1h	0.4545	+0.028%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0344%	1h	0.4547	+0.066%	$325	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4542	−0.040%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4554	+0.224%	$279K	$1.6M	50x	as long as short
Lighter WLD	+0.0968%	1h	0.4554	+0.218%	$5.2M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1097%	1h	0.4547	+0.073%	$920K	$2.6M	50x	as long as short