Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.037%

Price spread now: HTX against Backpack−0.133%7-day average −0.199% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$740.743% of the position

Long on Backpack Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now −0.133%, 7d avg −0.199%

Together, before fees−0.108%−$11 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: HTX is 0.066% dearer against Backpack than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.199%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLD_USDC_PERP	0.4583	0.0100	pay 0.0013% / 1h	55m 09s	$136K	$283K	10x
Short	HTX WLD-USDT	0.4577	0.0100	get 0.0100% / 8h	7h 55m	$852K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Backpack. 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 BackpackbpFee HTXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → −0.199%: $6.6
Slippage, 4 orders: −$52.3
Fee Backpack: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$67.7
Costs to cover: 0.743%
Break-even: never at this rate

Slippage from Backpack: live order book, 18 min ago; HTX: live order book, 4 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 Backpack live order book, 18 min ago	1.86 bp	8.1 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	9.84 bp	17.1 bp −$17	173.3 bp −$1,733	doesn't fit	doesn't fit

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
Gate WLD_USDT	−0.0231%	8h	0.4581	−0.046%	$7.5M	$35.0M	75x	as long as short
Kalshi KXWLDPERP	−0.0206%	8h	0.4581	−0.046%	$65K	$3.9M	1.7x	as long as short
ApeX Omni WLDUSDT	−0.0046%	1h	0.4583	−0.002%	$54K	$228K	50x	as long as short
KuCoin WLDUSDTM	−0.0001%	8h	0.4576	−0.155%	$7.0M	$11.0M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4574	−0.203%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4576	−0.155%	$122K	$892K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4576	−0.155%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0037%	1h	0.4576	−0.155%	$276K	$169K	5x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4597	+0.303%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0040%	8h	0.4575	−0.177%	$28K	$905K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4577	−0.133%	$192K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4576	−0.165%	$54K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4578	−0.111%	$86.5M	$304.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4578	−0.111%	$65.8M	$82.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4582	−0.024%	$34.3M	$143.6M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4578	−0.111%	$46.4M	$53.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4583	−0.002%	$30.3M	$26.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4583	−0.002%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERPlong	+0.0100%	1h	0.4583	long leg	$136K	$283K	10x
Variational Omni WLD	+0.0100%	8h	0.4593	+0.213%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4577	−0.123%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4589	+0.140%	$609K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4577	−0.129%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4581	−0.046%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4576	−0.155%	$218	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4577	−0.133%	$852K	$1.8M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4579	−0.089%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4574	−0.206%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4577	−0.142%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4583	+0.002%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4573	−0.213%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4578	−0.111%	$4.9M	$820K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4576	−0.158%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4577	−0.127%	$327	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0329%	1h	0.4579	−0.092%	$902K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4579	−0.089%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0757%	1h	0.4587	+0.079%	$50.9M	$43.6M	10x	as long as short
Lighter WLD	+0.1152%	1h	0.4588	+0.100%	$5.2M	$2.0M	10x	as long as short