WLD

Alert: funding

Alert: spread

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

Price spread now: Backpack against dYdX+0.082%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$266as in the Price arb table

costs, in and out, $10k−$2752.748% of the position

Long on dYdX Short on Backpack

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)−0.182%−$18 · spread now +0.082%, 7d avg −0.006%

Together, before fees−0.015%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.088% dearer against dYdX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLD-USD	0.4576	0	get 0.0000% / 1h	33m 24s	$163K	$13K	10x
Short	Backpack WLD_USDC_PERP	0.4580	0.0100	get 0.0013% / 1h	33m 24s	$129K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now +0.082%Rate

Funding earned: $21
Price spread: +0.082% → −0.006%: $8.76
Slippage, 4 orders: −$254.83
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$245.07
Costs to cover: 2.748%
Break-even: 88.7 days

Slippage from dYdX: live order book, 46 min ago; Backpack: live order book, 45 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 dYdX live order book, 46 min ago	91.21 bp	96.2 bp −$96	137.0 bp −$1,370	184.4 bp −$18.4K	677.9 bp −$339.0K
Sell Backpack live order book, 45 min ago	0.33 bp	8.5 bp −$8	doesn't fit	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
Kalshi KXWLDPERP	−0.0214%	8h	0.4580	+0.078%	$63K	$3.9M	1.7x	as long as short
dYdX WLD-USDlong	0.0000%	1h	0.4576	long leg	$163K	$13K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4579	+0.056%	$111K	$883K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4580	+0.083%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0016%	8h	0.4578	+0.034%	$7.0M	$10.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0026%	8h	0.4578	+0.034%	$28K	$909K	10x	as long as short
Nado WLD-PERP	+0.0055%	1h	0.4579	+0.067%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4577	+0.007%	$189K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4577	+0.010%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4582	+0.118%	$86.6M	$301.3M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4580	+0.078%	$65.5M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4581	+0.099%	$34.1M	$142.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4575	−0.032%	$7.4M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4581	+0.099%	$45.6M	$52.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4579	+0.056%	$30.2M	$25.8M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4582	+0.121%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERPshort	+0.0100%	1h	0.4580	+0.082%	$129K	$272K	10x
Variational Omni WLD	+0.0100%	8h	0.4579	+0.055%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4583	+0.143%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4584	+0.159%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	+0.143%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4584	+0.156%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4586	+0.209%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4578	+0.034%	$213	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4575	−0.032%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4579	+0.056%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4581	+0.104%	$234K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4580	+0.074%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4590	+0.296%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4579	+0.055%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4577	+0.012%	$4.9M	$823K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4579	+0.053%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0280%	1h	0.4585	+0.178%	$328	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.340%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4585	+0.187%	$271K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0529%	1h	0.4585	+0.191%	$49.7M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0718%	1h	0.4581	+0.108%	$905K	$2.7M	50x	as long as short
Lighter WLD	+0.1488%	1h	0.4587	+0.226%	$5.2M	$2.0M	10x	as long as short