WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.06 per $10,000 · paid last 24h +0.004%

Price spread now: Polymarket Perps against Backpack−0.096%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on Backpack Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.810%−$81 · spread now −0.096%, 7d avg −0.037%

Together, before fees−0.867%−$87 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.059% cheaper against Backpack than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLD_USDC_PERP	0.4501	0.0100	pay 0.0013% / 1h	43m 29s	$133K	$308K	10x
Short	Polymarket Perps WLD-USD	0.4496	0.0049	get 0.0006% / 1h	43m 29s	$35K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$10.8
Price spread: −0.096% → −0.037%: −$5.86
Slippage, 4 orders: −$12.49
Fee Backpack: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$47.16
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Backpack: live order book, 5 min ago; Polymarket Perps: 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	0.11 bp	5.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	0.22 bp	4.2 bp −$4	5.3 bp −$53	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	−0.0045%	1h	0.4499	−0.038%	$242K	$208K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4498	−0.066%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4503	+0.051%	$73K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4501	+0.007%	$144K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4496	−0.102%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0046%	8h	0.4495	−0.127%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USDshort	+0.0049%	1h	0.4496	−0.096%	$35K	$2.3M	10x
01 Exchange WLDUSD	+0.0056%	1h	0.4501	−0.002%	$322	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4500	−0.016%	$28K	$842K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4499	−0.046%	$225K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4500	−0.016%	$50K	$541K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4497	−0.082%	$85.3M	$337.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4495	−0.127%	$63.9M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4498	−0.060%	$34.0M	$152.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4499	−0.038%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4497	−0.082%	$38.7M	$55.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4497	−0.082%	$29.7M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4495	−0.127%	—	$68.2M	—	as long as short
Backpack WLD_USDC_PERPlong	+0.0100%	1h	0.4501	long leg	$133K	$308K	10x
Variational Omni WLD	+0.0100%	8h	0.4501	0.000%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4507	+0.140%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4505	+0.093%	$602K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4506	+0.118%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4506	+0.118%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4500	−0.016%	$209	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4501	+0.007%	$824K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4499	−0.038%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4497	−0.075%	$220K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4501	+0.008%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4496	−0.097%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4506	+0.107%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4505	+0.089%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	+0.407%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4495	−0.134%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4504	+0.073%	$4.8M	$926K	75x	as long as short
Hyperliquid WLD	+0.0302%	1h	0.4503	+0.053%	$48.9M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0503%	1h	0.4504	+0.065%	$859K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4512	+0.251%	$276K	$1.7M	50x	as long as short