WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0788%/8h= +86.3% APRnext payment +$0.98 per $10,000 · paid last 24h −0.002%

Price spread now: Kraken Futures against Backpack+0.005%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on Backpack Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 3 days (all we have)+0.125%+$12 · spread now +0.005%, 7d avg +0.024%

Together, before fees+0.175%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLD_USDC_PERP	0.4664	0.0100	pay 0.0013% / 1h	59m 01s	$137K	$290K	10x
Short	Kraken Futures PF_WLDUSD	0.4664	0.0888	get 0.0111% / 1h	59m 01s	$903K	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.005%Rate

Funding earned: $165.43
Price spread: +0.005% → +0.024%: −$1.88
Slippage, 4 orders: −$33.6
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $109.95
Costs to cover: 0.536%
Break-even: 2.3 days

Slippage from Backpack: live order book, 4 min ago; Kraken Futures: live order book, 5 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, 4 min ago	0.86 bp	6.5 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	6.40 bp	17.7 bp −$18	27.3 bp −$273	1154.7 bp −$115.5K	doesn't fit

WLD on 37 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	−0.0136%	8h	0.4664	0.000%	$63K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0037%	8h	0.4660	−0.086%	$7.1M	$11.5M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4655	−0.189%	$166K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4660	−0.086%	$120K	$922K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4657	−0.152%	$56K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0067%	8h	0.4657	−0.150%	$28K	$895K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4670	+0.135%	$5K	$54K	10x	as long as short
Nado WLD-PERP	+0.0091%	1h	0.4654	−0.204%	$270K	$189K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4660	−0.077%	$179K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4658	−0.129%	$51K	$510K	5x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4664	−0.008%	$88.7M	$324.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4661	−0.064%	$66.7M	$87.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4664	0.000%	$35.2M	$150.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4661	−0.064%	$7.3M	$36.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4663	−0.021%	$46.1M	$53.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4664	0.000%	$31.0M	$29.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4664	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERPlong	+0.0100%	1h	0.4664	long leg	$137K	$290K	10x
Variational Omni WLD	+0.0100%	8h	0.4667	+0.058%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4669	+0.112%	$28K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4675	+0.236%	$617K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4668	+0.086%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4659	−0.103%	$55K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4662	−0.043%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4660	−0.086%	$295	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4662	−0.043%	$852K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4660	−0.086%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4663	−0.018%	$215K	$889K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4661	−0.064%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4655	−0.188%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0192%	1h	0.4661	−0.064%	$333	$80	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4656	−0.162%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0452%	1h	0.4669	+0.099%	$51.9M	$43.4M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4664	0.000%	$276K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4666	+0.043%	$6K	$185K	5.5x	as long as short
Lighter WLD	+0.0760%	1h	0.4671	+0.148%	$5.3M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0888%	1h	0.4664	+0.005%	$903K	$2.9M	50x