WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.023%

Price spread now: Phoenix against Backpack+0.324%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.324% dearer against Backpack than usual: you sell high and buy low (spread +0.324% now, against zero (this spread has no 7-day history yet)): +$32 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLD_USDC_PERP	0.4538	0.0100	pay 0.0013% / 1h	16m 29s	$129K	$271K	10x
Short	Phoenix WLD	0.4553	0.0052	get 0.0006% / 1h	16m 29s	$5K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.324%Rate

Funding earned: −$10.14
Price spread: +0.324% → 0.000%: $32.39
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $5.26
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Backpack: live order book, 7 min ago; Phoenix: 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 Backpack live order book, 7 min ago	0.44 bp	6.4 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
Kalshi KXWLDPERP	−0.0447%	8h	0.4541	+0.068%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0020%	8h	0.4538	+0.002%	$28K	$917K	10x	as long as short
Variational Omni WLD	−0.0004%	8h	0.4542	+0.096%	$2.1M	$1.6M	—	as long as short
dYdX WLD-USD	0.0000%	1h	0.4538	+0.007%	$155K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4540	+0.046%	$123K	$911K	25x	as long as short
KuCoin WLDUSDTM	+0.0002%	8h	0.4534	−0.086%	$7.0M	$10.7M	50x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4540	+0.056%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0035%	1h	0.4534	−0.086%	$271K	$168K	5x	as long as short
Phoenix WLDshort	+0.0052%	1h	0.4553	+0.324%	$5K	$52K	10x
OKX WLD-USDT-SWAP	+0.0076%	8h	0.4531	−0.152%	$33.8M	$137.7M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC WLD_USDT	+0.0090%	8h	0.4535	−0.064%	$53.1M	$47.7M	300x	as long as short
Binance WLDUSDT	+0.0090%	8h	0.4532	−0.127%	$85.2M	$292.8M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4534	−0.077%	$46.5M	$41.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4540	+0.042%	$215K	$982K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4537	−0.020%	$51K	$482K	5x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4532	−0.130%	$64.7M	$80.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4534	−0.086%	$7.4M	$34.8M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4530	−0.174%	$30.1M	$25.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4536	−0.042%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERPlong	+0.0100%	1h	0.4538	long leg	$129K	$271K	10x
edgeX WLDUSDC	+0.0100%	4h	0.4549	+0.244%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4549	+0.240%	$610K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4542	+0.090%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4531	−0.163%	$51K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4544	+0.134%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4536	−0.042%	$196	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4539	+0.024%	$856K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4536	−0.042%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4533	−0.098%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4539	+0.025%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4530	−0.179%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0210%	8h	0.4535	−0.064%	$4.9M	$806K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.1712%	1h	0.4540	+0.044%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0328%	1h	0.4535	−0.055%	$324	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4542	+0.090%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4540	+0.046%	$278K	$1.6M	50x	as long as short
Lighter WLD	+0.0960%	1h	0.4546	+0.176%	$5.1M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1098%	1h	0.4541	+0.075%	$923K	$2.6M	50x	as long as short