Spread before costs (cost unknown: a leg has no order-book sample)−0.123%
7d average—if it closes, per $10,000$12funding while held, a day−$5.17
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WLD_USDC_PERP | 0.4385 | 0.0100 | pay 0.0013% / 1h | 16m 31s | $134K | $333K | 10x |
| Short | Phoenix WLD | 0.4380 | −0.0072 | pay 0.0009% / 1h | 16m 31s | $2K | $58K | 10x |
Backpack WLD_USDC_PERP
Phoenix WLDPrice 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
- −$12.31
- Funding while held
- −$5.17
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$34.49
- Spread needed to break even
- 0.170%
Slippage unknown: Backpack: live order book, 33 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0172%
- Per $10,000 a day
- −$5.17
- 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, 33 min ago | 1.01 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.4367cheapestVariational Omni0.4369+0.049%edgeX0.4375+0.178%Injective0.4380+0.298%BloFin0.4380+0.298%
Coinbase International
Variational Omni
Injective
BloFinPhoenix0.4380+0.300%
SoDEX0.4381+0.321%Aevo0.4382+0.355%Orderly0.4383+0.366%GMX0.4384+0.384%gTrade (Gains Network)0.4384+0.384%Deribit0.4384+0.389%Phemex0.4384+0.389%ApeX Omni0.4385+0.412%
SoDEX
Aevo
Orderly
GMX
gTrade (Gains Network)
Deribit
Phemex
ApeX OmniBackpack0.4385+0.424%
Kalshi0.4386+0.435%HTX0.4386+0.435%KuCoin0.4387+0.458%Extended0.4387+0.469%Nado0.4387+0.469%Kraken Futures0.4388+0.479%Bybit0.4388+0.481%Bitget0.4388+0.481%Reya0.4389+0.497%Pacifica0.4389+0.504%Aster0.4389+0.504%BingX0.4389+0.504%SunX0.4389+0.504%dYdX0.4389+0.507%Binance0.4390+0.527%OKX0.4390+0.527%Gate0.4390+0.527%MEXC0.4390+0.527%Polymarket Perps0.4392+0.566%Hyperliquid0.4392+0.575%01 Exchange0.4393+0.591%Lighter0.4393+0.602%
HTX
KuCoin
Extended
Nado
Kraken Futures
Bybit
Bitget
Reya
Pacifica
Aster
BingX
SunX
dYdX
Binance
OKX
Gate
MEXC
Polymarket Perps
Hyperliquid
LighterWLD 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 | −0.422% | +0.0240% | 1h | $265K | $1.8M | 50x | as long as short |
| Variational Omni WLD | −0.373% | −0.0149% | 8h | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | −0.244% | +0.0100% | 4h | $26K | $315K | 20x | as long as short |
| Injective WLD/USDC PERP | −0.125% | +0.0083% | 1h | $6K | $41K | 5.5x | as long as short |
| BloFin WLD-USDT | −0.125% | +0.0071% | 8h | $4.9M | $1.2M | 75x | as long as short |
| Phoenix WLDshort | −0.123% | −0.0072% | 1h | $2K | $58K | 10x | |
| SoDEX WLD-USD | −0.103% | +0.0100% | 1h | $188 | $5K | 10x | as long as short |
| Aevo WLD-PERP | −0.068% | +0.0064% | 1h | $30K | $5K | 3x | as long as short |
| Orderly PERP_WLD_USDC | −0.057% | −0.0045% | 8h | $27K | $952K | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | −0.040% | L +0.0186% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) WLD/USD | −0.039% | L +0.0003% / S −0.0003% | 1h | $70K | — | 150x | as long as short |
| Deribit WLD_USDC-PERPETUAL | −0.034% | 0.0000% | 1h | $117K | $748K | 25x | as long as short |
| Phemex WLDUSDT | −0.034% | +0.0100% | 8h | $1.8M | $3.9M | 50x | as long as short |
| ApeX Omni WLDUSDT | −0.011% | +0.0100% | 1h | $63K | $221K | 50x | as long as short |
| Backpack WLD_USDC_PERPlong | 0.000% | +0.0100% | 1h | $134K | $333K | 10x | |
| Kalshi KXWLDPERP | +0.011% | −0.0164% | 8h | $80K | $3.4M | 1.7x | as long as short |
| HTX WLD-USDT | +0.011% | +0.0100% | 8h | $822K | $1.6M | 50x | as long as short |
| KuCoin WLDUSDTM | +0.034% | −0.0012% | 8h | $6.9M | $12.1M | 50x | as long as short |
| Extended WLD-USD | +0.045% | +0.0104% | 1h | $133K | $667K | 10x | as long as short |
| Nado WLD-PERP | +0.046% | −0.0064% | 1h | $344K | $207K | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.055% | +0.0064% | 1h | $720K | $2.2M | 50x | as long as short |
| Bybit WLDUSDT | +0.057% | −0.0138% | 8h | $63.2M | $77.9M | 50x | as long as short |
| Bitget WLDUSDT | +0.057% | +0.0048% | 8h | $28.9M | $26.1M | 75x | as long as short |
| Reya WLDRUSDPERP | +0.073% | +0.0134% | 1h | — | — | 20x | as long as short |
| Pacifica WLD | +0.080% | +0.0100% | 1h | $59K | $534K | 5x | as long as short |
| Aster WLDUSDT | +0.080% | +0.0071% | 8h | $208K | $991K | 50x | as long as short |
| BingX WLD-USDC | +0.080% | +0.0049% | 8h | — | $1.3M | — | as long as short |
| SunX WLD-USDT | +0.080% | +0.0100% | 8h | $22K | $1.5M | 50x | as long as short |
| dYdX WLD-USD | +0.083% | +0.0021% | 1h | $151K | $5K | 10x | as long as short |
| Binance WLDUSDT | +0.103% | −0.0047% | 8h | $80.3M | $283.3M | 75x | as long as short |
| OKX WLD-USDT-SWAP | +0.103% | −0.0018% | 8h | $34.2M | $136.2M | 50x | as long as short |
| Gate WLD_USDT | +0.103% | −0.0006% | 8h | $7.3M | $34.9M | 75x | as long as short |
| MEXC WLD_USDT | +0.103% | −0.0048% | 8h | $42.0M | $48.2M | 300x | as long as short |
| Polymarket Perps WLD-USD | +0.141% | +0.0100% | 1h | $54K | $1.8M | 10x | as long as short |
| Hyperliquid WLD | +0.150% | +0.0100% | 1h | $44.9M | $40.7M | 10x | as long as short |
| 01 Exchange WLDUSD | +0.166% | −0.0048% | 1h | $314 | $1K | 5x | as long as short |
| Lighter WLD | +0.178% | +0.0096% | 1h | $4.7M | $1.2M | 10x | as long as short |