WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.020%

Price spread now: Backpack against Phoenix−0.457%80s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Backpack is 0.457% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.457% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$46 on $10k: about 48 days of funding at the current rate (+$1 a day). The two prices were read 80 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	Phoenix WLD	0.4663	0.0068	pay 0.0009% / 1h	9m 53s	$5K	$54K	10x
Short	Backpack WLD_USDC_PERP	0.4642	0.0100	get 0.0013% / 1h	9m 53s	$139K	$296K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PhoenixbpFee BackpackbpOrdersPrice spread, now −0.457%Rate

Funding earned: $6.7
Price spread: −0.457% → 0.000%: −$45.68
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$55.98
Costs to cover: 0.170%
Break-even: 65.5 days

Slippage unknown: Phoenix: no order-book sample; Backpack: live order book, 58 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 Phoenix no order-book sample	—	—	—	—	—
Sell Backpack live order book, 58 min ago	0.42 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit

Phoenix: 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 37 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
Injective WLD/USDC PERP	−0.0235%	1h	0.4666	+0.069%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0142%	8h	0.4657	−0.124%	$62K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0045%	8h	0.4638	−0.532%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4652	−0.230%	$166K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4642	−0.446%	$120K	$918K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4645	−0.384%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0008%	1h	0.4652	−0.232%	$270K	$189K	5x	as long as short
Gate WLD_USDT	+0.0060%	8h	0.4639	−0.510%	$7.3M	$38.0M	75x	as long as short
Orderly PERP_WLD_USDC	+0.0064%	8h	0.4642	−0.446%	$28K	$896K	10x	as long as short
Phoenix WLDlong	+0.0068%	1h	0.4663	long leg	$5K	$54K	10x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4644	−0.410%	$178K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4652	−0.232%	$53K	$511K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4641	−0.468%	$88.2M	$326.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4640	−0.489%	$66.0M	$88.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4641	−0.468%	$34.9M	$152.0M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4638	−0.532%	$45.7M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4640	−0.489%	$30.8M	$29.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4638	−0.532%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERPshort	+0.0100%	1h	0.4642	−0.457%	$139K	$296K	10x
Variational Omni WLD	+0.0100%	8h	0.4659	−0.088%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4658	−0.098%	$28K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4658	−0.103%	$615K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4659	−0.081%	$51K	$235K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4654	−0.193%	$54K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4648	−0.317%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4643	−0.425%	$221	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4644	−0.403%	$879K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4643	−0.425%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4639	−0.514%	$214K	$889K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4643	−0.434%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4651	−0.259%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4651	−0.259%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0280%	1h	0.4657	−0.114%	$333	$80	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4648	−0.317%	$273K	$1.8M	50x	as long as short
Hyperliquid WLD	+0.0544%	1h	0.4646	−0.358%	$51.7M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0644%	1h	0.4647	−0.333%	$904K	$2.9M	50x	as long as short
Lighter WLD	+0.0864%	1h	0.4653	−0.219%	$5.3M	$2.1M	10x	as long as short