Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Backpack against edgeX+0.065%85s7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.339% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.065%, 7d avg +0.041%
=Together, before fees−0.147%+ Points / potential airdropedgeX: Active · farm board−$15 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: Backpack is 0.024% dearer against edgeX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.041%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX WLDUSDC | 0.4525 | 0.0100 | pay 0.0050% / 4h | 1h 04m | $27K | $320K | 20x |
| Short | Backpack WLD_USDC_PERP | 0.4528 | 0.0100 | get 0.0013% / 1h | 4m 09s | $134K | $292K | 10x |
edgeX WLDUSDC
Backpack WLD_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.065% → +0.041%
- $2.39
- Slippage, 4 orders
- −$14.9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$31.5
- Costs to cover
- 0.339%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 39 min ago; Backpack: live order book, 39 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 edgeX live order book, 39 min ago | 4.41 bp | 8.9 bp −$9 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 39 min ago | 1.32 bp | 8.1 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0022% | 1h | 0.4522 | −0.076% | $238K | $169K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4524 | −0.028% | $154K | $32K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4527 | +0.034% | $51K | $4.7M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4524 | −0.032% | $150K | $954K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4525 | −0.017% | $65K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4523 | −0.054% | $27K | $745K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4529 | +0.078% | $226K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4530 | +0.095% | $49K | $537K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4528 | +0.056% | $86.5M | $334.7M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4526 | +0.012% | $64.5M | $89.3M | 50x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4527 | +0.034% | $34.2M | $151.9M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4526 | +0.012% | $7.1M | $36.4M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4528 | +0.056% | $40.1M | $57.7M | 300x | as long as short |
| KuCoin WLDUSDTM | +0.0100% | 8h | 0.4525 | −0.010% | $6.6M | $11.7M | 50x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4527 | +0.034% | $29.9M | $30.9M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4527 | +0.034% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERPshort | +0.0100% | 1h | 0.4528 | +0.065% | $134K | $292K | 10x | |
| Variational Omni WLD | +0.0100% | 8h | 0.4535 | +0.205% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDClong | +0.0100% | 4h | 0.4525 | long leg | $27K | $320K | 20x | |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4530 | +0.101% | $597K | $2.1M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4529 | +0.079% | $48K | $238K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4521 | −0.087% | $47K | $2.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4533 | +0.167% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4523 | −0.054% | $213 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4527 | +0.034% | $828K | $1.6M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4527 | +0.034% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4521 | −0.105% | $208K | $981K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4525 | −0.016% | $31K | $500 | 3x | as long as short |
| Lighter WLD | +0.0128% | 1h | 0.4531 | +0.121% | $4.9M | $2.9M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0132% | 1h | 0.4581 | +1.228% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4520 | −0.114% | — | — | 20x | as long as short |
| 01 Exchange WLDUSD | +0.0136% | 1h | 0.4526 | +0.008% | $324 | $55 | 5x | as long as short |
| Phoenix WLD | +0.0158% | 1h | 0.4541 | +0.355% | $5K | $44K | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4523 | −0.052% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4535 | +0.211% | $4.8M | $914K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0488% | 1h | 0.4530 | +0.101% | $273K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0492% | 1h | 0.4535 | +0.200% | $49.8M | $43.7M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1046% | 1h | 0.4526 | +0.018% | $875K | $2.8M | 50x | as long as short |
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
KuCoin WLDUSDTM
Bitget WLDUSDT
BingX WLD-USDC
Variational Omni WLD
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Lighter WLD
Injective WLD/USDC PERP
Reya WLDRUSDPERP
01 Exchange WLDUSD
Phoenix WLD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD