WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.022%

Price spread now: dYdX against Backpack+0.138%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$293as in the Funding arb table

Net, price: spread back to 7d avg − costs−$263as in the Price arb table

costs, in and out, $10k−$2762.759% of the position

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 4 days (all we have)+0.377%+$38 · spread now +0.138%, 7d avg +0.013%

Together, before fees+0.210%+$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.125% dearer against Backpack than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.013%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLD_USDC_PERP	0.4619	0.0100	pay 0.0013% / 1h	55m 14s	$131K	$282K	10x
Short	dYdX WLD-USD	0.4625	0	get 0.0000% / 1h	55m 14s	$158K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.138%Rate

Funding earned: −$21
Price spread: +0.138% → +0.013%: $12.49
Slippage, 4 orders: −$255.94
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$284.45
Costs to cover: 2.759%
Break-even: never at this rate

Slippage from Backpack: live order book, 33 min ago; dYdX: live order book, 33 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, 33 min ago	0.11 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 33 min ago	124.62 bp	129.6 bp −$130	129.6 bp −$1,296	159.5 bp −$15.9K	635.6 bp −$317.8K

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	−0.0340%	8h	0.4618	−0.013%	$31K	$3.7M	1.7x	as long as short
Phoenix WLD	−0.0091%	1h	0.4637	+0.407%	$5K	$52K	10x	as long as short
Variational Omni WLD	−0.0069%	8h	0.4630	+0.257%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0029%	8h	0.4619	+0.009%	$28K	$921K	10x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4625	+0.138%	$158K	$6K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4621	+0.052%	$156K	$781K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4618	−0.002%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0013%	8h	0.4615	−0.078%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0033%	8h	0.4614	−0.100%	$34.9M	$138.0M	50x	as long as short
Bybit WLDUSDT	+0.0055%	8h	0.4618	−0.013%	$67.9M	$78.5M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLD-PERP	+0.0076%	1h	0.4619	+0.019%	$357K	$127K	5x	as long as short
MEXC WLD_USDT	+0.0084%	8h	0.4618	−0.013%	$54.5M	$46.0M	300x	as long as short
Binance WLDUSDT	+0.0087%	8h	0.4619	+0.009%	$88.4M	$288.4M	75x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4617	−0.031%	$211K	$977K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4624	+0.113%	$55K	$475K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4617	−0.035%	$7.6M	$33.8M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4616	−0.056%	$30.5M	$24.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4616	−0.056%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERPlong	+0.0100%	1h	0.4619	long leg	$131K	$282K	10x
edgeX WLDUSDC	+0.0100%	4h	0.4629	+0.230%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4633	+0.319%	$627K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4632	+0.290%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4617	−0.045%	$57K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4621	+0.052%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4620	+0.030%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4618	−0.013%	$869K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4620	+0.030%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4619	−0.002%	$135K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4621	+0.052%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4615	−0.076%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0207%	8h	0.4616	−0.056%	$5.0M	$884K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0223% / S −0.1831%	1h	0.4618	−0.008%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0240%	1h	0.4628	+0.212%	$331	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+0.074%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4628	+0.204%	$280K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0409%	1h	0.4620	+0.037%	$48.0M	$40.5M	10x	as long as short
Lighter WLD	+0.0880%	1h	0.4629	+0.223%	$5.1M	$1.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1079%	1h	0.4622	+0.076%	$927K	$2.5M	50x	as long as short