WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0129%/8h= −14.1% APRnext payment −$0.16 per $10,000 · paid last 24h −0.031%

Price spread now: Backpack against GMX+0.029%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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. Backpack is 0.029% dearer against GMX than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLD/USD [ETH-USDC]	0.4579	L +0.0229% / S −0.1268%	pay 0.0029% / 1h	34m 00s	$5K	—	100x
Short	Backpack WLD_USDC_PERP	0.4580	0.0100	get 0.0013% / 1h	34m 00s	$129K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$27.04
Price spread: +0.029% → 0.000%: $2.93
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$46.11
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 44 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 44 min ago	0.33 bp	8.5 bp −$8	doesn't fit	doesn't fit	doesn't fit

GMX: 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	−0.0214%	8h	0.4580	+0.025%	$63K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4583	+0.088%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4579	+0.003%	$111K	$883K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4580	+0.022%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0017%	8h	0.4576	−0.062%	$6.9M	$10.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0026%	8h	0.4578	−0.019%	$28K	$909K	10x	as long as short
Nado WLD-PERP	+0.0059%	1h	0.4580	+0.025%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4581	+0.038%	$189K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4583	+0.095%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4581	+0.041%	$86.5M	$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	0.4578	−0.019%	$65.5M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4577	−0.041%	$34.1M	$142.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4580	+0.025%	$7.4M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4579	+0.003%	$45.9M	$52.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4577	−0.041%	$30.2M	$25.8M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4579	+0.003%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERPshort	+0.0100%	1h	0.4580	+0.029%	$129K	$272K	10x
Variational Omni WLD	+0.0100%	8h	0.4579	+0.002%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4583	+0.090%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4584	+0.106%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	+0.090%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4580	+0.027%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4586	+0.156%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4578	−0.019%	$213	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4575	−0.084%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4579	+0.003%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4576	−0.058%	$234K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4580	+0.022%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4590	+0.243%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4577	−0.040%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4577	−0.041%	$4.9M	$823K	75x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0229% / S −0.1268%	1h	0.4579	long leg	$5K	—	100x
01 Exchange WLDUSD	+0.0280%	1h	0.4583	+0.086%	$328	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.287%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4585	+0.134%	$271K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0537%	1h	0.4585	+0.123%	$49.7M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0718%	1h	0.4581	+0.055%	$905K	$2.7M	50x	as long as short
Lighter WLD	+0.1488%	1h	0.4590	+0.243%	$5.2M	$2.0M	10x	as long as short