WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.5% APRnext payment +$0.11 per $10,000 · paid last 24h −0.032%

Price spread now: Backpack against Injective−0.670%7-day average −0.181% · you buy dearer than you sell

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

Long on Injective Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.362%+$36 · spread now −0.670%, 7d avg −0.181%

Together, before fees+0.409%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.489% cheaper against Injective than usual: you would sell low and buy high (spread −0.670% now, against its 7-day average of −0.181%). If the spread goes back, that is −$49 on $10k: about 19 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.047% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WLD/USDC PERP	0.4583	0.0014	pay 0.0002% / 1h	5m 11s	$6K	$185K	5.5x
Short	Backpack WLD_USDC_PERP	0.4552	0.0100	get 0.0013% / 1h	5m 11s	$136K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Injective. 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 InjectivebpFee BackpackbpOrdersPrice spread, now −0.670%Rate

Funding earned: $18.13
Price spread: −0.670% → −0.181%: −$48.89
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$40.78
Costs to cover: 0.100%
Break-even: 22.7 days

Slippage unknown: Injective: live order book, 19 min ago; Backpack: live order book, 53 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 Injective live order book, 19 min ago	44.85 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 53 min ago	1.21 bp	8.2 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	−0.0047%	1h	0.4550	−0.720%	$241K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4555	−0.618%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4555	−0.611%	$53K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4554	−0.633%	$124K	$963K	25x	as long as short
KuCoin WLDUSDTM	+0.0002%	8h	0.4550	−0.720%	$6.9M	$11.7M	50x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4554	−0.638%	$66K	—	150x	as long as short
Injective WLD/USDC PERPlong	+0.0014%	1h	0.4583	long leg	$6K	$185K	5.5x
Lighter WLD	+0.0096%	1h	0.4557	−0.559%	$4.9M	$2.4M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4553	−0.655%	$28K	$886K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4558	−0.545%	$211K	$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	0.4555	−0.601%	$49K	$527K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4552	−0.676%	$86.3M	$328.7M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4549	−0.742%	$64.8M	$89.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4550	−0.720%	$34.2M	$149.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4553	−0.655%	$7.1M	$37.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4551	−0.698%	$43.3M	$54.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4549	−0.742%	$30.1M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4550	−0.720%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERPshort	+0.0100%	1h	0.4552	−0.670%	$136K	$299K	10x
Variational Omni WLD	+0.0100%	8h	0.4556	−0.596%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4562	−0.466%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4561	−0.480%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4563	−0.436%	$43K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4551	−0.705%	$51K	$2.2M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4559	−0.524%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4552	−0.676%	$174	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4554	−0.633%	$832K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4555	−0.611%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4550	−0.727%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4553	−0.644%	$31K	$600	3x	as long as short
01 Exchange WLDUSD	+0.0128%	1h	0.4557	−0.574%	$326	$80	5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4551	−0.693%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4568	−0.329%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4550	−0.720%	$4.9M	$827K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4552	−0.678%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0330%	1h	0.4559	−0.524%	$50.1M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0482%	1h	0.4554	−0.625%	$879K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4561	−0.480%	$267K	$1.6M	50x	as long as short