Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Backpack against SunX−0.174%7-day average −0.123% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 4 days (all we have)−0.732%−$73 · spread now −0.174%, 7d avg −0.123%
Together, before fees−0.760%−$76 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 0.051% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.123%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX WLD-USDT0.46570.0100pay 0.0100% / 8h5h 19m$23K$1.6M50x
ShortBackpack WLD_USDC_PERP0.46490.0100get 0.0013% / 1h19m 33s$135K$293K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against SunX. 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

Funding earned
$0
Price spread: −0.174% → −0.123%
−$5.11
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$23.11
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 6 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 6 min ago501.61 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Backpack live order book, 44 min ago0.86 bp10.4 bp −$10doesn't fitdoesn't fitdoesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXWLDPERP−0.0126%8h0.4661+0.086%$57K$4.6M1.7xas long as short
KuCoin WLDUSDTM−0.0026%8h0.4650−0.150%$7.1M$11.6M50xas long as short
dYdX WLD-USD0.0000%1h0.4652−0.117%$166K$26K10xas long as short
Deribit WLD_USDC-PERPETUAL0.0000%1h0.4652−0.107%$120K$918K25xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4653−0.088%$56K150xas long as short
Nado WLD-PERP+0.0011%1h0.4656−0.011%$269K$187K5xas long as short
01 Exchange WLDUSD+0.0064%1h0.4654−0.071%$333$805xas long as short
Orderly PERP_WLD_USDC+0.0075%8h0.4651−0.129%$28K$892K10xas long as short
Aster WLDUSDT+0.0100%8h0.4654−0.061%$175K$1.0M50xas long as short
Pacifica WLD+0.0100%1h0.4653−0.095%$49K$511K5xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance WLDUSDT+0.0100%8h0.4654−0.064%$88.3M$325.9M75xas long as short
Bybit WLDUSDT+0.0100%8h0.4653−0.086%$66.5M$88.1M50xas long as short
OKX WLD-USDT-SWAP+0.0100%8h0.4656−0.021%$35.1M$150.3M50xas long as short
Gate WLD_USDT+0.0100%8h0.4652−0.107%$7.3M$37.0M75xas long as short
MEXC WLD_USDT+0.0100%8h0.4652−0.107%$46.0M$54.6M300xas long as short
Bitget WLDUSDT+0.0100%8h0.4653−0.086%$30.7M$29.5M75xas long as short
BingX WLD-USDT+0.0100%8h0.4651−0.129%$67.2Mas long as short
Backpack WLD_USDC_PERPshort+0.0100%1h0.4649−0.174%$135K$293K10x
Variational Omni WLD+0.0100%8h0.4658+0.014%$2.2M$1.7Mas long as short
edgeX WLDUSDC+0.0100%4h0.4660+0.056%$28K$319K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4667+0.225%$622K$1.9M10xas long as short
ApeX Omni WLDUSDT+0.0100%1h0.4663+0.129%$51K$236K50xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4652−0.107%$55K$2.0M10xas long as short
SunX WLD-USDTlong+0.0100%8h0.4657long leg$23K$1.6M50x
SoDEX WLD-USD+0.0100%1h0.4649−0.172%$179$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4653−0.086%$853K$1.9M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4649−0.172%$1.8M$3.7M50xas long as short
Extended WLD-USD+0.0104%1h0.4652−0.101%$214K$929K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4650−0.150%$32K$6003xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4650−0.159%20xas long as short
Lighter WLD+0.0152%1h0.4658+0.028%$5.1M$2.3M10xas long as short
Phoenix WLD+0.0172%1h0.4661+0.075%$5K$57K10xas long as short
BloFin WLD-USDT+0.0220%8h0.4661+0.086%$5.0M$809K75xas long as short
GMX WLD/USD [ETH-USDC]L +0.0230% / S −0.1268%1h0.4652−0.117%$5K100xas long as short
Hyperliquid WLD+0.0475%1h0.4657+0.009%$51.8M$42.6M10xas long as short
Coinbase International WLD-PERP-INTX+0.0480%1h0.4666+0.193%$276K$1.7M50xas long as short
Injective WLD/USDC PERP+0.0677%1h0.4616−0.880%$6K$185K5.5xas long as short
Kraken Futures PF_WLDUSD+0.0890%1h0.4651−0.119%$900K$2.9M50xas long as short