WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0421%/8h= +46.1% APRnext payment +$0.53 per $10,000 · paid last 24h +0.036%

Price spread now: Kraken Futures against Backpack+0.060%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$600.602% of the position

Long on Backpack Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 4 days (all we have)+0.193%+$19 · spread now +0.060%, 7d avg +0.025%

Together, before fees+0.269%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 0.035% dearer against Backpack than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.025%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLD_USDC_PERP	0.4552	0.0100	pay 0.0013% / 1h	26m 42s	$136K	$302K	10x
Short	Kraken Futures PF_WLDUSD	0.4555	0.0521	get 0.0065% / 1h	26m 42s	$885K	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.060%Rate

Funding earned: $88.48
Price spread: +0.060% → +0.025%: $3.54
Slippage, 4 orders: −$40.2
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $31.83
Costs to cover: 0.602%
Break-even: 4.5 days

Slippage from Backpack: live order book, 27 min ago; Kraken Futures: live order book, 2 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, 27 min ago	0.43 bp	6.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	7.68 bp	18.9 bp −$19	36.1 bp −$361	1054.4 bp −$105.4K	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
Nado WLD-PERP	−0.0032%	1h	0.4555	+0.053%	$241K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4546	−0.131%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4555	+0.064%	$61K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4555	+0.064%	$124K	$942K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4556	+0.091%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0024%	8h	0.4546	−0.134%	$6.9M	$11.7M	50x	as long as short
Polymarket Perps WLD-USD	+0.0099%	1h	0.4554	+0.035%	$39K	$2.1M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4553	+0.028%	$209K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4546	−0.126%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4547	−0.112%	$86.7M	$329.7M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4545	−0.156%	$64.7M	$89.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4545	−0.156%	$34.5M	$150.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4551	−0.024%	$7.3M	$36.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4546	−0.134%	$41.4M	$54.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4545	−0.156%	$30.0M	$30.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4545	−0.156%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERPlong	+0.0100%	1h	0.4552	long leg	$136K	$302K	10x
Variational Omni WLD	+0.0100%	8h	0.4580	+0.606%	$2.2M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4569	+0.376%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4562	+0.217%	$600K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	+0.613%	$43K	$238K	50x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4554	+0.042%	$28K	$867K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4560	+0.174%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4554	+0.042%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4557	+0.108%	$833K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4555	+0.064%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4545	−0.163%	$216K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4555	+0.053%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4554	+0.034%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.525%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4584	+0.705%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4554	+0.042%	$4.9M	$890K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4555	+0.072%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0296%	1h	0.4558	+0.134%	$326	$55	5x	as long as short
Hyperliquid WLD	+0.0398%	1h	0.4553	+0.018%	$50.0M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0521%	1h	0.4555	+0.060%	$885K	$2.9M	50x
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4561	+0.196%	$266K	$1.6M	50x	as long as short
Lighter WLD	+0.0808%	1h	0.4558	+0.141%	$5.2M	$2.6M	10x	as long as short