Funding you earn now, next payment 03:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.025%
Price spread now: Backpack against gTrade (Gains Network)+0.148%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.148% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) WLD/USD | 0.4590 | L +0.0003% / S −0.0003% | pay 0.0000% / 1h | 9m 25s | $55K | — | 150x |
| Short | Backpack WLD_USDC_PERP | 0.4597 | 0.0100 | get 0.0013% / 1h | 9m 25s | $140K | $297K | 10x |
gTrade (Gains Network) WLD/USD
Backpack WLD_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against gTrade (Gains Network). 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
- $20.33
- Price spread: +0.148% → 0.000%
- $14.81
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $15.14
- Costs to cover
- 0.200%
- Break-even
- 1.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 54 min ago. Net counts fees only.
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 54 min ago | 0.86 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0119% | 8h | 0.4609 | +0.414% | $47K | $4.6M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0031% | 8h | 0.4585 | −0.109% | $7.0M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4596 | +0.126% | $164K | $26K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4596 | +0.131% | $119K | $918K | 25x | as long as short |
| gTrade (Gains Network) WLD/USDlong | L +0.0003% / S −0.0003% | 1h | 0.4590 | long leg | $55K | — | 150x | |
| Nado WLD-PERP | +0.0006% | 1h | 0.4588 | −0.033% | $242K | $204K | 5x | as long as short |
| 01 Exchange WLDUSD | +0.0056% | 1h | 0.4591 | +0.024% | $328 | $80 | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0078% | 8h | 0.4597 | +0.153% | $28K | $890K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4599 | +0.189% | $173K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4596 | +0.121% | $50K | $522K | 5x | as long as short |
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
Nado WLD-PERP
01 Exchange WLDUSD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4593 | +0.057% | $87.3M | $327.1M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4586 | −0.087% | $65.7M | $88.6M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4588 | −0.044% | $34.5M | $149.2M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4593 | +0.065% | $7.2M | $37.1M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4590 | 0.000% | $44.9M | $54.8M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4590 | 0.000% | $30.5M | $29.9M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4592 | +0.044% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERPshort | +0.0100% | 1h | 0.4597 | +0.148% | $140K | $297K | 10x | |
| Variational Omni WLD | +0.0100% | 8h | 0.4615 | +0.536% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4617 | +0.578% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4622 | +0.705% | $616K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4629 | +0.850% | $51K | $236K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4589 | −0.024% | $56K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4624 | +0.741% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4598 | +0.174% | $174 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4596 | +0.131% | $840K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4600 | +0.218% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4587 | −0.059% | $212K | $955K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4596 | +0.122% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4588 | −0.052% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0172% | 1h | 0.4621 | +0.678% | $5K | $57K | 10x | as long as short |
| Lighter WLD | +0.0176% | 1h | 0.4601 | +0.231% | $5.0M | $2.3M | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4630 | +0.871% | $5.0M | $804K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4607 | +0.378% | $5K | — | 100x | as long as short |
| Hyperliquid WLD | +0.0461% | 1h | 0.4595 | +0.098% | $50.4M | $43.1M | 10x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0480% | 1h | 0.4600 | +0.218% | $271K | $1.7M | 50x | as long as short |
| Injective WLD/USDC PERP | +0.0677% | 1h | 0.4636 | +1.002% | $6K | $185K | 5.5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0900% | 1h | 0.4599 | +0.197% | $890K | $2.9M | 50x | as long as short |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
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
Phoenix WLD
Lighter WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Hyperliquid WLD
Coinbase International WLD-PERP-INTX
Injective WLD/USDC PERP
Kraken Futures PF_WLDUSD