After costs, if the gap returns to its 7d average, $10k−$23
spread now+0.097%7d average−0.038%fees + slippage, in and out−$36spread needed0.363%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WLD_USDC_PERP | 0.4339 | 0.0067 | pay 0.0008% / 1h | 40m 54s | $132K | $289K | 10x |
| Short | Bybit WLDUSDT | 0.4343 | −0.0269 | pay 0.0269% / 8h | 6h 40m | $62.1M | $70.5M | 50x |
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
- $9.68
- Funding while held
- −$10.07
- Slippage, 4 orders
- −$15.3
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$36.69
- Spread needed to break even
- 0.363%
Slippage from Backpack: live order book, 64 min ago; Bybit: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0336%
- Per $10,000 a day
- −$10.07
- 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, 64 min ago | 1.92 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.15 bp | 9.0 bp −$9 | 15.9 bp −$159 | 110.0 bp −$11.0K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|
| SoDEX WLD-USD | −0.065% | +0.0100% | 1h | $189 | $5K | 10x | as long as short |
| Nado WLD-PERP | −0.041% | −0.0049% | 1h | $339K | $187K | 5x | as long as short |
| Extended WLD-USD | −0.019% | +0.0040% | 1h | $148K | $581K | 10x | as long as short |
| Bitget WLDUSDT | −0.018% | +0.0074% | 8h | $28.2M | $24.2M | 75x | as long as short |
| Orderly PERP_WLD_USDC | −0.018% | −0.0039% | 8h | $27K | $938K | 10x | as long as short |
| Phemex WLDUSDT | −0.018% | +0.0100% | 8h | $1.8M | $3.8M | 50x | as long as short |
| Aevo WLD-PERP | −0.013% | +0.0064% | 1h | $29K | $5K | 3x | as long as short |
| Phoenix WLD | −0.002% | −0.0091% | 1h | $2K | $50K | 10x | as long as short |
| Backpack WLD_USDC_PERPlong | 0.000% | +0.0067% | 1h | $132K | $289K | 10x | |
| Hyperliquid WLD | +0.002% | +0.0100% | 1h | $44.1M | $36.5M | 10x | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.005% | +0.0100% | 1h | $57K | $470K | 5x | as long as short |
| HTX WLD-USDT | +0.005% | +0.0100% | 8h | $808K | $1.6M | 50x | as long as short |
| BloFin WLD-USDT | +0.005% | +0.0055% | 8h | $4.8M | $1.0M | 75x | as long as short |
| Reya WLDRUSDPERP | +0.010% | +0.0134% | 1h | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | +0.015% | L +0.0186% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
| Kalshi KXWLDPERP | +0.028% | −0.0170% | 8h | $91K | $3.5M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | +0.029% | L +0.0003% / S −0.0003% | 1h | $56K | — | 150x | as long as short |
| Aster WLDUSDT | +0.032% | +0.0100% | 8h | $225K | $928K | 50x | as long as short |
| 01 Exchange WLDUSD | +0.035% | −0.0016% | 1h | $311 | $77 | 5x | as long as short |
| Polymarket Perps WLD-USD | +0.035% | +0.0100% | 1h | $40K | $1.8M | 10x | as long as short |
| KuCoin WLDUSDTM | +0.051% | −0.0033% | 8h | $7.0M | $10.3M | 50x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.051% | 0.0000% | 1h | $110K | $770K | 25x | as long as short |
| OKX WLD-USDT-SWAP | +0.074% | −0.0029% | 8h | $33.5M | $125.4M | 50x | as long as short |
| dYdX WLD-USD | +0.089% | +0.0005% | 1h | $149K | $4K | 10x | as long as short |
| Bybit WLDUSDTshort | +0.097% | −0.0269% | 8h | $62.1M | $70.5M | 50x | |
| SunX WLD-USDT | +0.097% | +0.0100% | 8h | $22K | $1.4M | 50x | as long as short |
| Kraken Futures PF_WLDUSD | +0.098% | +0.0170% | 1h | $878K | $2.3M | 50x | as long as short |
| BingX WLD-USDT | +0.120% | +0.0071% | 8h | — | $68.3M | — | as long as short |
| Coinbase International WLD-PERP-INTX | +0.120% | +0.0296% | 1h | $262K | $1.5M | 50x | as long as short |
| Lighter WLD | +0.124% | +0.0096% | 1h | $4.7M | $1.2M | 10x | as long as short |
| Binance WLDUSDT | +0.143% | −0.0065% | 8h | $78.6M | $263.0M | 75x | as long as short |
| MEXC WLD_USDT | +0.143% | −0.0063% | 8h | $41.8M | $42.9M | 300x | as long as short |
| Gate WLD_USDT | +0.166% | −0.0168% | 8h | $7.2M | $31.9M | 75x | as long as short |
| edgeX WLDUSDC | +0.504% | +0.0100% | 4h | $26K | $316K | 20x | as long as short |
| ApeX Omni WLDUSDT | +0.558% | +0.0100% | 1h | $63K | $220K | 50x | as long as short |
| Variational Omni WLD | +0.803% | −0.0211% | 8h | $2.0M | $1.6M | — | as long as short |
| Injective WLD/USDC PERP | +1.203% | +0.0217% | 1h | $6K | $193 | 5.5x | as long as short |
Backpack WLD_USDC_PERP
Bybit WLDUSDT
SoDEX
Extended
Bitget
Phemex
Phoenix
Hyperliquid
Pacifica
HTX
BloFin
GMX
gTrade (Gains Network)
Aster
Polymarket Perps
KuCoin
Deribit
OKX
SunX
Kraken Futures
BingX
Coinbase International
Lighter
Binance
MEXC
Gate
ApeX Omni
Variational Omni
Injective