Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.029%
Price spread now: Deribit against Backpack+0.033%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$380.381% of the position
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 4 days (all we have)+0.251%+$25 · spread now +0.033%, 7d avg +0.014%
=The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WLD_USDC_PERP | 0.4562 | 0.0100 | pay 0.0013% / 1h | 32m 52s | $136K | $302K | 10x |
| Short | Deribit WLD_USDC-PERPETUAL | 0.4564 | 0 | get 0.0000% / 1h | 32m 52s | $124K | $959K | 25x |
Backpack WLD_USDC_PERP
Deribit WLD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +0.033% → +0.014%
- $1.86
- Slippage, 4 orders
- −$21.12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$57.26
- Costs to cover
- 0.381%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 21 min ago; Deribit: live order book, 21 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, 21 min ago | 0.43 bp | 6.5 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 21 min ago | 7.59 bp | 11.1 bp −$11 | 18.1 bp −$181 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0029% | 1h | 0.4560 | −0.066% | $242K | $205K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4557 | −0.130% | $155K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4557 | −0.121% | $51K | $4.7M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUALshort | 0.0000% | 1h | 0.4564 | +0.033% | $124K | $959K | 25x | |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4564 | +0.028% | $66K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0017% | 8h | 0.4561 | −0.033% | $6.9M | $11.8M | 50x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4567 | +0.103% | $209K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4558 | −0.088% | $49K | $524K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4562 | −0.004% | $86.9M | $329.8M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4562 | −0.011% | $65.2M | $90.1M | 50x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4561 | −0.033% | $34.5M | $151.2M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4561 | −0.033% | $7.3M | $36.4M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4562 | −0.011% | $43.1M | $54.5M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4562 | −0.011% | $30.2M | $30.3M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4562 | −0.011% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERPlong | +0.0100% | 1h | 0.4562 | long leg | $136K | $302K | 10x | |
| Variational Omni WLD | +0.0100% | 8h | 0.4568 | +0.114% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4569 | +0.148% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4571 | +0.186% | $604K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4580 | +0.384% | $43K | $237K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4559 | −0.083% | $40K | $2.1M | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0100% | 8h | 0.4562 | −0.011% | $28K | $868K | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4566 | +0.077% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4563 | +0.011% | $206 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4554 | −0.186% | $832K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4564 | +0.033% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4559 | −0.073% | $217K | $984K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4565 | +0.044% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4559 | −0.072% | — | — | 20x | as long as short |
| Injective WLD/USDC PERP | +0.0142% | 1h | 0.4576 | +0.296% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4561 | −0.022% | $5K | $52K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4559 | −0.077% | $4.9M | $891K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4563 | +0.006% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0312% | 1h | 0.4565 | +0.046% | $327 | $55 | 5x | as long as short |
| Hyperliquid WLD | +0.0441% | 1h | 0.4567 | +0.103% | $50.2M | $43.4M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0520% | 1h | 0.4564 | +0.041% | $891K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0560% | 1h | 0.4563 | +0.011% | $267K | $1.6M | 50x | as long as short |
| Lighter WLD | +0.0808% | 1h | 0.4570 | +0.169% | $5.1M | $2.6M | 10x | as long as short |
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
Orderly PERP_WLD_USDC
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Injective WLD/USDC PERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX
Lighter WLD