WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.031%

Price spread now: Backpack against GMX+0.163%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Backpack

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Backpack is 0.163% dearer against GMX than usual: you sell high and buy low (spread +0.163% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLD/USD [ETH-USDC]	0.4583	L +0.0260% / S −0.2221%	pay 0.0033% / 1h	26m 23s	$9K	—	100x
Short	Backpack WLD_USDC_PERP	0.4591	0.0100	get 0.0013% / 1h	26m 23s	$127K	$269K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +0.163%Rate

Funding earned: −$33.65
Price spread: +0.163% → 0.000%: $16.25
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$39.4
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 57 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 57 min ago	0.44 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit

GMX: 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	−0.0340%	8h	0.4581	−0.049%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+0.867%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0001%	8h	0.4582	−0.027%	$28K	$913K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4582	−0.022%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4590	+0.147%	$108K	$900K	25x	as long as short
KuCoin WLDUSDTM	+0.0002%	8h	0.4582	−0.027%	$7.0M	$10.8M	50x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4583	−0.001%	$57K	—	150x	as long as short
Nado WLD-PERP	+0.0054%	1h	0.4578	−0.104%	$276K	$169K	5x	as long as short
Variational Omni WLD	+0.0063%	8h	0.4562	−0.465%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4582	−0.033%	$203K	$986K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4587	+0.091%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4582	−0.024%	$86.6M	$297.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4583	−0.005%	$65.6M	$81.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4582	−0.027%	$34.3M	$141.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4582	−0.027%	$7.5M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4583	−0.005%	$48.8M	$51.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4582	−0.027%	$30.2M	$25.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4583	−0.005%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERPshort	+0.0100%	1h	0.4591	+0.163%	$127K	$269K	10x
edgeX WLDUSDC	+0.0100%	4h	0.4567	−0.346%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4579	−0.083%	$615K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4573	−0.224%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4585	+0.036%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4596	+0.278%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4590	+0.147%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	+0.060%	$866K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4590	+0.147%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4579	−0.099%	$239K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4592	+0.185%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4562	−0.461%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4582	−0.018%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4594	+0.235%	$911K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4591	+0.169%	$4.9M	$816K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4586	+0.051%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0260% / S −0.2221%	1h	0.4583	long leg	$9K	—	100x
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4579	−0.093%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0836%	1h	0.4588	+0.110%	$49.9M	$43.2M	10x	as long as short
Lighter WLD	+0.0984%	1h	0.4590	+0.154%	$5.2M	$2.1M	10x	as long as short