Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: HTX against Backpack−0.006%7-day average −0.192% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$890.889% of the position

Long on Backpack Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 3 days (all we have)−0.252%−$25 · spread now −0.006%, 7d avg −0.192%

Together, before fees−0.270%−$27 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: HTX is 0.185% dearer against Backpack than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.192%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLD_USDC_PERP	0.4673	0.0100	pay 0.0013% / 1h	5m 47s	$140K	$289K	10x
Short	HTX WLD-USDT	0.4673	0.0100	get 0.0100% / 8h	6h 05m	$855K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.192%: $18.54
Slippage, 4 orders: −$66.9
Fee Backpack: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$70.37
Costs to cover: 0.889%
Break-even: never at this rate

Slippage from Backpack: live order book, 63 min ago; HTX: live order book, 3 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, 63 min ago	0.42 bp	7.7 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	3.22 bp	17.4 bp −$17	173.8 bp −$1,738	doesn't fit	doesn't fit

WLD on 37 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
Injective WLD/USDC PERP	−0.0235%	1h	0.4666	−0.156%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0140%	8h	0.4675	+0.036%	$71K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0040%	8h	0.4660	−0.285%	$7.1M	$11.5M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4661	−0.262%	$166K	$26K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4673	−0.008%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0008%	1h	0.4672	−0.033%	$271K	$189K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0064%	8h	0.4676	+0.058%	$28K	$895K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4662	−0.246%	$5K	$54K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4670	−0.080%	$179K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4665	−0.168%	$51K	$513K	5x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4660	−0.280%	$88.6M	$325.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4661	−0.263%	$66.4M	$87.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4662	−0.242%	$35.2M	$151.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4668	−0.113%	$7.3M	$38.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4662	−0.242%	$45.9M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4660	−0.285%	$31.0M	$29.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4662	−0.242%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERPlong	+0.0100%	1h	0.4673	long leg	$140K	$289K	10x
Variational Omni WLD	+0.0100%	8h	0.4672	−0.035%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4643	−0.640%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4657	−0.343%	$615K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4644	−0.627%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4676	+0.047%	$55K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4682	+0.186%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4675	+0.036%	$222	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4673	−0.006%	$855K	$1.9M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4673	−0.006%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4669	−0.100%	$215K	$889K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4678	+0.095%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4672	−0.023%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0178%	1h	0.4678	+0.101%	$121K	$918K	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4673	−0.016%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0280%	1h	0.4678	+0.094%	$335	$80	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4678	+0.101%	$275K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0551%	1h	0.4676	+0.066%	$52.0M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0640%	1h	0.4677	+0.078%	$907K	$2.9M	50x	as long as short
Lighter WLD	+0.0864%	1h	0.4672	−0.026%	$5.3M	$2.1M	10x	as long as short