Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Backpack against Pacifica−0.283%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$440.437% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.283%, 7d avg −0.011%
=Together, before fees+0.063%+ Points / potential airdropPacifica: Active · farm board+$6 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 0.272% cheaper against Pacifica than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica WLD | 0.4615 | 0.0100 | pay 0.0013% / 1h | 39m 25s | $52K | $480K | 5x |
| Short | Backpack WLD_USDC_PERP | 0.4602 | 0.0100 | get 0.0013% / 1h | 39m 25s | $128K | $269K | 10x |
Pacifica WLD
Backpack WLD_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Pacifica. 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: −0.283% → −0.011%
- −$27.21
- Slippage, 4 orders
- −$25.66
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$70.87
- Costs to cover
- 0.437%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 44 min ago; Backpack: live order book, 44 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 Pacifica live order book, 44 min ago | 2.20 bp | 13.5 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 44 min ago | 0.44 bp | 13.6 bp −$14 | 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 | −0.0395% | 8h | 0.4598 | −0.372% | $44K | $3.8M | 1.7x | as long as short |
| Injective WLD/USDC PERP | −0.0079% | 1h | 0.4522 | −2.019% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | −0.0005% | 8h | 0.4596 | −0.415% | $28K | $914K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4612 | −0.071% | $157K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4598 | −0.372% | $107K | $890K | 25x | as long as short |
| KuCoin WLDUSDTM | +0.0003% | 8h | 0.4619 | +0.083% | $7.1M | $10.7M | 50x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4623 | +0.177% | $57K | — | 150x | as long as short |
| Variational Omni WLD | +0.0046% | 8h | 0.4597 | −0.394% | $2.1M | $1.6M | — | as long as short |
| Nado WLD-PERP | +0.0060% | 1h | 0.4619 | +0.094% | $278K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4613 | −0.038% | $217K | $988K | 50x | as long as short |
Kalshi KXWLDPERP
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
KuCoin WLDUSDTM
gTrade (Gains Network) WLD/USD
Variational Omni WLD
Nado WLD-PERP
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLDlong | +0.0100% | 1h | 0.4615 | long leg | $52K | $480K | 5x | |
| Binance WLDUSDT | +0.0100% | 8h | 0.4622 | +0.148% | $87.7M | $295.1M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4621 | +0.126% | $66.1M | $81.0M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4623 | +0.170% | $34.5M | $141.7M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4620 | +0.105% | $7.6M | $35.0M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4623 | +0.170% | $49.4M | $51.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4623 | +0.170% | $30.5M | $25.3M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4624 | +0.191% | — | $67.9M | — | as long as short |
| Backpack WLD_USDC_PERPshort | +0.0100% | 1h | 0.4602 | −0.283% | $128K | $269K | 10x | |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4598 | −0.369% | $27K | $314K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4598 | −0.372% | $627K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4597 | −0.394% | $55K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4625 | +0.213% | $47K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4605 | −0.220% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4600 | −0.329% | $204 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4596 | −0.415% | $867K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4600 | −0.329% | $1.8M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4623 | +0.163% | $242K | $855K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4590 | −0.540% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0124% | 1h | 0.4595 | −0.435% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4622 | +0.148% | — | — | 20x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0185% | 1h | 0.4606 | −0.200% | $924K | $2.6M | 50x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4599 | −0.350% | $4.9M | $817K | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4628 | +0.269% | $331 | $77 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0261% / S −0.2221% | 1h | 0.4622 | +0.143% | $9K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0424% | 1h | 0.4605 | −0.220% | $274K | $1.6M | 50x | as long as short |
| Lighter WLD | +0.0944% | 1h | 0.4621 | +0.135% | $5.2M | $2.1M | 10x | as long as short |
| Hyperliquid WLD | +0.1131% | 1h | 0.4630 | +0.315% | $50.5M | $42.9M | 10x | as long as short |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
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
Phoenix WLD
Reya WLDRUSDPERP
Kraken Futures PF_WLDUSD
BloFin WLD-USDT
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
Coinbase International WLD-PERP-INTX
Lighter WLD
Hyperliquid WLD