Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Aster against Backpack+0.178%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now +0.178%, 7d avg −0.015%

Together, before fees+0.086%+ Points / potential airdropAster: Stage 5 · farm board+$9 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: Aster is 0.192% dearer against Backpack than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLD_USDC_PERP	0.4556	0.0100	pay 0.0013% / 1h	49m 10s	$135K	$299K	10x
Short	Aster WLDUSDT	0.4564	0.0100	get 0.0100% / 8h	4h 49m	$189K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Backpack. 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 BackpackbpFee AsterbpOrdersPrice spread, now +0.178%Rate

Funding earned: $0
Price spread: +0.178% → −0.015%: $19.24
Slippage, 4 orders: −$28.44
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.2
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from Backpack: live order book, 9 min ago; Aster: live order book, 4 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 Backpack live order book, 9 min ago	1.21 bp	8.9 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	5.45 bp	15.0 bp −$15	33.2 bp −$332	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	−0.0108%	8h	0.4566	+0.222%	$63K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0078%	1h	0.4560	+0.079%	$242K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0037%	8h	0.4553	−0.064%	$6.9M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4563	+0.158%	$156K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4558	+0.046%	$115K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4557	+0.019%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	+0.046%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0016%	1h	0.4556	+0.004%	$326	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0082%	8h	0.4556	+0.002%	$28K	$889K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4560	+0.099%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDTshort	+0.0100%	8h	0.4564	+0.178%	$189K	$1.1M	50x
Pacifica WLD	+0.0100%	1h	0.4563	+0.154%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4555	−0.013%	$86.4M	$327.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4554	−0.042%	$65.0M	$88.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4555	−0.020%	$34.1M	$148.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4552	−0.086%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4554	−0.042%	$44.6M	$53.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4552	−0.086%	$30.1M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4552	−0.086%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERPlong	+0.0100%	1h	0.4556	long leg	$135K	$299K	10x
Variational Omni WLD	+0.0100%	8h	0.4575	+0.413%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4588	+0.713%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4586	+0.661%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4579	+0.507%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4555	−0.020%	$41K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4563	+0.156%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4556	+0.002%	$172	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4551	−0.108%	$833K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4556	+0.002%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4555	−0.025%	$227K	$974K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4546	−0.211%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4555	−0.014%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4594	+0.830%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0165%	1h	0.4560	+0.086%	$50.0M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4557	+0.024%	$4.9M	$845K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4557	+0.016%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0482%	1h	0.4557	+0.032%	$881K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4563	+0.156%	$268K	$1.7M	50x	as long as short