After costs, if the gap returns to its 7d average, $10k−$33
spread now−0.046%7d average—fees + slippage, in and out−$28spread needed0.284%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WLD_USDC_PERP | 0.4386 | 0.0100 | pay 0.0013% / 1h | 18m 48s | $134K | $334K | 10x |
| Short | BingX WLD-USDT | 0.4384 | 0.0049 | get 0.0049% / 8h | 18m 48s | — | $69.3M | — |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$4.56
- Funding while held
- −$1.53
- Slippage, 4 orders
- −$8.39
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$34.48
- Spread needed to break even
- 0.284%
Slippage from Backpack: live order book, 31 min ago; BingX: live order book, 12 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0051%
- Per $10,000 a day
- −$1.53
- Average in range /8h
- —
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, 31 min ago | 1.01 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 1.15 bp | 6.1 bp −$6 | 10.3 bp −$103 | 28.0 bp −$2,805 | 92.3 bp −$46.2K |
WLD price on every exchange
against the cheapest. Click to use as the short leg.WLD on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International WLD-PERP-INTX | −0.433% | +0.0240% | 1h | $265K | $1.8M | 50x | as long as short |
| Variational Omni WLD | −0.385% | −0.0149% | 8h | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | −0.256% | +0.0100% | 4h | $26K | $315K | 20x | as long as short |
| ApeX Omni WLDUSDT | −0.228% | +0.0100% | 1h | $63K | $221K | 50x | as long as short |
| Pacifica WLD | −0.137% | +0.0100% | 1h | $59K | $534K | 5x | as long as short |
| Injective WLD/USDC PERP | −0.137% | +0.0083% | 1h | $6K | $41K | 5.5x | as long as short |
| Phoenix WLD | −0.135% | −0.0072% | 1h | $2K | $58K | 10x | as long as short |
| Nado WLD-PERP | −0.114% | −0.0067% | 1h | $343K | $207K | 5x | as long as short |
| HTX WLD-USDT | −0.114% | +0.0100% | 8h | $821K | $1.6M | 50x | as long as short |
| dYdX WLD-USD | −0.098% | +0.0015% | 1h | $151K | $5K | 10x | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya WLDRUSDPERP | −0.088% | +0.0134% | 1h | — | — | 20x | as long as short |
| KuCoin WLDUSDTM | −0.068% | −0.0008% | 8h | $6.9M | $12.1M | 50x | as long as short |
| Bitget WLDUSDT | −0.068% | +0.0047% | 8h | $28.8M | $26.1M | 75x | as long as short |
| Bybit WLDUSDT | −0.046% | −0.0134% | 8h | $63.1M | $77.9M | 50x | as long as short |
| BingX WLD-USDTshort | −0.046% | +0.0049% | 8h | — | $69.3M | — | |
| Orderly PERP_WLD_USDC | −0.046% | −0.0046% | 8h | $27K | $953K | 10x | as long as short |
| SoDEX WLD-USD | −0.046% | +0.0100% | 1h | $190 | $5K | 10x | as long as short |
| Phemex WLDUSDT | −0.046% | +0.0100% | 8h | $1.8M | $3.9M | 50x | as long as short |
| BloFin WLD-USDT | −0.046% | +0.0068% | 8h | $4.9M | $1.2M | 75x | as long as short |
| Extended WLD-USD | −0.038% | +0.0104% | 1h | $132K | $667K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | −0.032% | L +0.0003% / S −0.0003% | 1h | $70K | — | 150x | as long as short |
| Polymarket Perps WLD-USD | −0.030% | +0.0100% | 1h | $54K | $1.8M | 10x | as long as short |
| OKX WLD-USDT-SWAP | −0.023% | −0.0020% | 8h | $34.1M | $136.1M | 50x | as long as short |
| Aster WLDUSDT | −0.021% | +0.0063% | 8h | $212K | $986K | 50x | as long as short |
| Aevo WLD-PERP | −0.019% | +0.0064% | 1h | $30K | $5K | 3x | as long as short |
| GMX WLD/USD [ETH-USDC] | −0.011% | L +0.0186% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
| Binance WLDUSDT | 0.000% | −0.0052% | 8h | $80.1M | $283.5M | 75x | as long as short |
| Gate WLD_USDT | 0.000% | −0.0004% | 8h | $7.3M | $34.9M | 75x | as long as short |
| Backpack WLD_USDC_PERPlong | 0.000% | +0.0100% | 1h | $134K | $334K | 10x | |
| Kalshi KXWLDPERP | 0.000% | −0.0166% | 8h | $78K | $3.4M | 1.7x | as long as short |
| SunX WLD-USDT | 0.000% | +0.0100% | 8h | $22K | $1.5M | 50x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $117K | $748K | 25x | as long as short |
| Hyperliquid WLD | +0.007% | +0.0100% | 1h | $44.9M | $40.7M | 10x | as long as short |
| 01 Exchange WLDUSD | +0.009% | −0.0056% | 1h | $314 | $1K | 5x | as long as short |
| MEXC WLD_USDT | +0.023% | −0.0056% | 8h | $41.4M | $48.1M | 300x | as long as short |
| Kraken Futures PF_WLDUSD | +0.076% | +0.0064% | 1h | $721K | $2.2M | 50x | as long as short |
| Lighter WLD | +0.093% | +0.0096% | 1h | $4.7M | $1.2M | 10x | as long as short |
Backpack WLD_USDC_PERP
BingX WLD-USDT
Coinbase International
Variational Omni
ApeX Omni
Pacifica
Injective
Phoenix
HTX
KuCoin
Bitget
Bybit
SoDEX
Phemex
BloFin
Extended
gTrade (Gains Network)
Polymarket Perps
OKX
Aster
GMX
Binance
Gate
SunX
Deribit
Hyperliquid
MEXC
Kraken Futures
Lighter