Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%
Price spread now: Backpack against MEXC+0.295%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs+$6as in the Price arb table
costs, in and out, $10k−$200.203% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 4 days (all we have)−0.316%−$32 · spread now +0.295%, 7d avg +0.030%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.265% dearer against MEXC than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC WLD_USDT | 0.4543 | 0.0100 | pay 0.0100% / 8h | 2h 39m | $52.7M | $47.0M | 300x |
| Short | Backpack WLD_USDC_PERP | 0.4556 | 0.0100 | get 0.0013% / 1h | 39m 17s | $128K | $278K | 10x |
MEXC WLD_USDT
Backpack WLD_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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: +0.295% → +0.030%
- $26.53
- Slippage, 4 orders
- −$10.29
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $6.24
- Costs to cover
- 0.203%
- Break-even
- from the start
Slippage from MEXC: live order book, 5 min ago; Backpack: live order book, 49 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 MEXC live order book, 5 min ago | 1.10 bp | 2.5 bp −$2 | 5.7 bp −$57 | 20.5 bp −$2,048 | 67.6 bp −$33.8K |
| Sell Backpack live order book, 49 min ago | 0.11 bp | 6.1 bp −$6 | 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 | −0.0587% | 8h | 0.4534 | −0.198% | $44K | $3.8M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | −0.0191% | 1h | 0.4534 | −0.198% | $162K | $856K | 25x | as long as short |
| Variational Omni WLD | −0.0037% | 8h | 0.4543 | −0.011% | $2.1M | $1.6M | — | as long as short |
| Orderly PERP_WLD_USDC | −0.0027% | 8h | 0.4537 | −0.132% | $28K | $918K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4548 | +0.104% | $155K | $6K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4540 | −0.066% | $56K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0012% | 8h | 0.4540 | −0.066% | $7.1M | $10.7M | 50x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4543 | +0.002% | $5K | $52K | 10x | as long as short |
| Nado WLD-PERP | +0.0057% | 1h | 0.4539 | −0.077% | $271K | $168K | 5x | as long as short |
| OKX WLD-USDT-SWAP | +0.0058% | 8h | 0.4535 | −0.176% | $34.1M | $137.2M | 50x | as long as short |
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
Variational Omni WLD
Orderly PERP_WLD_USDC
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Phoenix WLD
Nado WLD-PERP
OKX WLD-USDT-SWAPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0094% | 8h | 0.4533 | −0.220% | $65.3M | $79.9M | 50x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4546 | +0.069% | $208K | $976K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4548 | +0.118% | $50K | $482K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4528 | −0.320% | $85.7M | $291.5M | 75x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4542 | −0.022% | $7.4M | $34.3M | 75x | as long as short |
| MEXC WLD_USDTlong | +0.0100% | 8h | 0.4543 | long leg | $52.7M | $47.0M | 300x | |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4527 | −0.352% | $30.0M | $25.2M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4542 | −0.022% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERPshort | +0.0100% | 1h | 0.4556 | +0.295% | $128K | $278K | 10x | |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4541 | −0.043% | $27K | $314K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4543 | +0.001% | $613K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4542 | −0.022% | $55K | $226K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4542 | −0.022% | $54K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4532 | −0.242% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4524 | −0.418% | $195 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4526 | −0.374% | $854K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4529 | −0.308% | $1.8M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4526 | −0.375% | $132K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4537 | −0.136% | $31K | $5K | 3x | as long as short |
| Hyperliquid WLD | +0.0126% | 1h | 0.4546 | +0.066% | $47.1M | $40.6M | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4542 | −0.016% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0217% / S −0.0307% | 1h | 0.4543 | +0.007% | $12K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4531 | −0.264% | $4.9M | $797K | 75x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4622 | +1.739% | $6K | $139K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4538 | −0.110% | $283K | $1.6M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0504% | 1h | 0.4546 | +0.055% | $325 | $77 | 5x | as long as short |
| Lighter WLD | +0.1032% | 1h | 0.4537 | −0.121% | $5.1M | $2.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1102% | 1h | 0.4526 | −0.373% | $920K | $2.6M | 50x | as long as short |
Bybit WLDUSDT
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Gate WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
edgeX WLDUSDC
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
Hyperliquid WLD
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
01 Exchange WLDUSD
Lighter WLD
Kraken Futures PF_WLDUSD