Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.022%
Price spread now: Backpack against dYdX−0.489%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$1821.819% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 4 days (all we have)+0.422%+$42 · spread now −0.489%, 7d avg −0.007%
=Funding pays, the price is against you. Backpack is 0.482% cheaper against dYdX than usual: you would sell low and buy high (spread −0.489% now, against its 7-day average of −0.007%). If the spread goes back, that is −$48 on $10k: about 16 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX WLD-USD | 0.4693 | 0 | get 0.0000% / 1h | 22m 05s | $167K | $26K | 10x |
| Short | Backpack WLD_USDC_PERP | 0.4670 | 0.0100 | get 0.0013% / 1h | 22m 05s | $138K | $294K | 10x |
dYdX WLD-USD
Backpack WLD_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against dYdX. 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
- $21
- Price spread: −0.489% → −0.007%
- −$48.22
- Slippage, 4 orders
- −$161.91
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$209.13
- Costs to cover
- 1.819%
- Break-even
- 76.7 days
Slippage from dYdX: live order book, 47 min ago; Backpack: live order book, 46 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 dYdX live order book, 47 min ago | 77.99 bp | 83.0 bp −$83 | 101.9 bp −$1,019 | 155.9 bp −$15.6K | 636.0 bp −$318.0K |
| Sell Backpack live order book, 46 min ago | 0.42 bp | 7.2 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.4615 | −1.665% | $6K | $185K | 5.5x | as long as short |
| Kalshi KXWLDPERP | −0.0150% | 8h | 0.4680 | −0.280% | $46K | $4.4M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0050% | 8h | 0.4676 | −0.366% | $7.1M | $11.5M | 50x | as long as short |
| Nado WLD-PERP | −0.0003% | 1h | 0.4681 | −0.270% | $272K | $189K | 5x | as long as short |
| dYdX WLD-USDlong | 0.0000% | 1h | 0.4693 | long leg | $167K | $26K | 10x | |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4673 | −0.429% | $121K | $917K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4673 | −0.429% | $56K | — | 150x | as long as short |
| Gate WLD_USDT | +0.0040% | 8h | 0.4670 | −0.493% | $7.3M | $37.7M | 75x | as long as short |
| Orderly PERP_WLD_USDC | +0.0059% | 8h | 0.4672 | −0.451% | $28K | $897K | 10x | as long as short |
| Phoenix WLD | +0.0068% | 1h | 0.4715 | +0.457% | $5K | $54K | 10x | as long as short |
Injective WLD/USDC PERP
Kalshi KXWLDPERP
KuCoin WLDUSDTM
Nado WLD-PERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Gate WLD_USDT
Orderly PERP_WLD_USDC
Phoenix WLDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WLDUSDT | +0.0100% | 8h | 0.4675 | −0.380% | $180K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4693 | −0.010% | $56K | $506K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4668 | −0.529% | $88.7M | $324.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4665 | −0.600% | $66.6M | $87.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4659 | −0.728% | $35.2M | $152.4M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4668 | −0.536% | $46.3M | $55.8M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4668 | −0.536% | $31.1M | $29.4M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4671 | −0.472% | — | $67.7M | — | as long as short |
| Backpack WLD_USDC_PERPshort | +0.0100% | 1h | 0.4670 | −0.489% | $138K | $294K | 10x | |
| Variational Omni WLD | +0.0100% | 8h | 0.4705 | +0.246% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4708 | +0.306% | $28K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4686 | −0.152% | $622K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4695 | +0.039% | $51K | $235K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4684 | −0.191% | $55K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4697 | +0.082% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4668 | −0.536% | $226 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4668 | −0.536% | $884K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4669 | −0.515% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4669 | −0.509% | $216K | $886K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4672 | −0.440% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4681 | −0.265% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4673 | −0.440% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0264% | 1h | 0.4683 | −0.223% | $335 | $77 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0456% | 1h | 0.4684 | −0.195% | $279K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0560% | 1h | 0.4675 | −0.393% | $52.0M | $44.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0640% | 1h | 0.4673 | −0.428% | $911K | $2.9M | 50x | as long as short |
| Lighter WLD | +0.0816% | 1h | 0.4677 | −0.346% | $5.3M | $2.1M | 10x | as long as short |
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Variational Omni WLD
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
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD