Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Backpack against edgeX+0.255%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on edgeX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.470%−$47 · spread now +0.255%, 7d avg +0.042%

Together, before fees−0.487%+ Points / potential airdropedgeX: Active · farm board−$49 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 0.213% dearer against edgeX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX WLDUSDC	0.4430	0.0100	pay 0.0050% / 4h	1h 29m	$26K	$323K	20x
Short	Backpack WLD_USDC_PERP	0.4441	0.0100	get 0.0013% / 1h	29m 12s	$125K	$275K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against edgeX. 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 edgeXbpFee BackpackbpOrdersPrice spread, now +0.255%Rate

Funding earned: $0
Price spread: +0.255% → +0.042%: $21.25
Slippage, 4 orders: −$15.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$13.15
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from edgeX: live order book, 17 min ago; Backpack: live order book, 17 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 edgeX live order book, 17 min ago	4.49 bp	9.0 bp −$9	17.0 bp −$170	doesn't fit	doesn't fit
Sell Backpack live order book, 17 min ago	1.68 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit

WLD on 38 exchanges

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
Polymarket Perps WLD-USD	−0.0431%	1h	0.4436	+0.149%	$42K	$2.7M	10x	as long as short
Kraken Futures PF_WLDUSD	−0.0194%	1h	0.4441	+0.265%	$844K	$2.6M	50x	as long as short
01 Exchange WLDUSD	−0.0192%	1h	0.4441	+0.259%	$318	$55	5x	as long as short
Bybit WLDUSDT	−0.0160%	8h	0.4438	+0.189%	$63.1M	$85.1M	50x	as long as short
Nado WLD-PERP	−0.0145%	1h	0.4438	+0.200%	$232K	$158K	5x	as long as short
Gate WLD_USDT	−0.0104%	8h	0.4440	+0.234%	$7.0M	$31.5M	75x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4437	+0.167%	$83K	$4.2M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4442	+0.279%	$100K	$1.1M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4433	+0.068%	$64K	—	150x	as long as short
dYdX WLD-USD	+0.0006%	1h	0.4438	+0.198%	$152K	$31K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	+1.070%	$6K	$185K	5.5x	as long as short
KuCoin WLDUSDTM	+0.0029%	8h	0.4439	+0.212%	$6.8M	$10.2M	50x	as long as short
Variational Omni WLD	+0.0042%	8h	0.4431	+0.041%	$2.0M	$1.4M	—	as long as short
Phoenix WLD	+0.0053%	1h	0.4439	+0.207%	$4K	$40K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0086%	8h	0.4440	+0.234%	$27K	$295K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4446	+0.368%	$4.8M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4445	+0.338%	$49.5M	$29.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4442	+0.282%	$217K	$899K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4439	+0.212%	$59K	$506K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4440	+0.229%	$84.1M	$314.3M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4437	+0.167%	$33.9M	$140.5M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4441	+0.257%	$40.1M	$55.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4438	+0.189%	$29.0M	$28.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4438	+0.189%	—	$55.5M	—	as long as short
Backpack WLD_USDC_PERPshort	+0.0100%	1h	0.4441	+0.255%	$125K	$275K	10x
edgeX WLDUSDClong	+0.0100%	4h	0.4430	long leg	$26K	$323K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4434	+0.099%	$584K	$2.3M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4433	+0.076%	$47K	$248K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4445	+0.347%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4440	+0.234%	$227	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4437	+0.167%	$813K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4440	+0.234%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4438	+0.190%	$209K	$652K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4442	+0.272%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4433	+0.086%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0218% / S −0.0967%	1h	0.4442	+0.279%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4441	+0.257%	$4.7M	$906K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4441	+0.257%	$270K	$966K	50x	as long as short