Spread before costs (cost unknown: a leg has no order-book sample)−0.017%
7d average—if it closes, per $10,000$2funding while held, a day+$11.06
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WLD_USDC_PERP | 0.4332 | −0.0235 | get 0.0029% / 1h | 34m 14s | $127K | $285K | 10x |
| Short | Reya WLDRUSDPERP | 0.4331 | 0.0134 | get 0.0017% / 1h | 34m 14s | — | — | 20x |
Backpack WLD_USDC_PERP
Reya WLDRUSDPERPPrice 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
- −$1.65
- Funding while held
- $11.06
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$6.59
- Spread needed to break even
- 0.160%
Slippage unknown: Backpack: live order book, 1 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0369%
- Per $10,000 a day
- +$11.06
- 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, 1 min ago | 0.81 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.OKX0.4327cheapestBingX0.4327cheapestHTX0.4327cheapestHyperliquid0.4328+0.018%Bybit0.4328+0.023%Nado0.4329+0.046%Gate0.4329+0.046%MEXC0.4329+0.046%BloFin0.4329+0.046%Extended0.4329+0.053%Binance0.4330+0.058%Bitget0.4330+0.069%SoDEX0.4330+0.069%dYdX0.4330+0.073%Pacifica0.4331+0.092%KuCoin0.4331+0.092%Orderly0.4331+0.092%Phemex0.4331+0.092%
OKX
BingX
HTX
Hyperliquid
Bybit
Nado
Gate
MEXC
BloFin
Extended
Binance
Bitget
SoDEX
dYdX
Pacifica
KuCoin
Orderly
PhemexReya0.4331+0.097%
Aevo0.4331+0.097%Aster0.4331+0.101%01 Exchange0.4332+0.111%
Aevo
AsterBackpack0.4332+0.113%
Variational Omni0.4333+0.131%GMX0.4333+0.135%gTrade (Gains Network)0.4333+0.139%Deribit0.4333+0.139%Polymarket Perps0.4335+0.173%Kraken Futures0.4336+0.200%SunX0.4336+0.208%Lighter0.4336+0.217%Phoenix0.4337+0.226%Kalshi0.4337+0.231%Injective0.4337+0.231%edgeX0.4341+0.326%ApeX Omni0.4344+0.393%Coinbase International0.4351+0.555%
Variational Omni
GMX
gTrade (Gains Network)
Deribit
Polymarket Perps
Kraken Futures
SunX
Lighter
Phoenix
Injective
ApeX Omni
Coinbase InternationalWLD on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | −0.113% | −0.0015% | 8h | $32.8M | $123.1M | 50x | as long as short |
| BingX WLD-USDT | −0.113% | +0.0100% | 8h | — | $68.1M | — | as long as short |
| HTX WLD-USDT | −0.113% | +0.0100% | 8h | $802K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | −0.095% | +0.0100% | 1h | $43.4M | $36.7M | 10x | as long as short |
| Bybit WLDUSDT | −0.090% | −0.0216% | 8h | $61.7M | $69.4M | 50x | as long as short |
| Nado WLD-PERP | −0.067% | −0.0069% | 1h | $339K | $160K | 5x | as long as short |
| Gate WLD_USDT | −0.067% | +0.0021% | 8h | $7.2M | $32.3M | 75x | as long as short |
| MEXC WLD_USDT | −0.067% | −0.0052% | 8h | $41.7M | $42.1M | 300x | as long as short |
| BloFin WLD-USDT | −0.067% | +0.0068% | 8h | $4.6M | $962K | 75x | as long as short |
| Extended WLD-USD | −0.060% | +0.0072% | 1h | $148K | $554K | 10x | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | −0.055% | −0.0052% | 8h | $77.8M | $262.4M | 75x | as long as short |
| Bitget WLDUSDT | −0.044% | +0.0100% | 8h | $28.3M | $24.0M | 75x | as long as short |
| SoDEX WLD-USD | −0.044% | +0.0100% | 1h | $186 | $5K | 10x | as long as short |
| dYdX WLD-USD | −0.040% | +0.0007% | 1h | $149K | $4K | 10x | as long as short |
| Pacifica WLD | −0.021% | +0.0100% | 1h | $58K | $482K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.021% | −0.0024% | 8h | $7.2M | $10.1M | 50x | as long as short |
| Orderly PERP_WLD_USDC | −0.021% | −0.0027% | 8h | $27K | $932K | 10x | as long as short |
| Phemex WLDUSDT | −0.021% | +0.0100% | 8h | $1.8M | $3.8M | 50x | as long as short |
| Reya WLDRUSDPERPshort | −0.017% | +0.0134% | 1h | — | — | 20x | |
| Aevo WLD-PERP | −0.016% | +0.0072% | 1h | $29K | $5K | 3x | as long as short |
| Aster WLDUSDT | −0.012% | +0.0100% | 8h | $223K | $917K | 50x | as long as short |
| 01 Exchange WLDUSD | −0.002% | −0.0008% | 1h | $310 | $77 | 5x | as long as short |
| Backpack WLD_USDC_PERPlong | 0.000% | −0.0235% | 1h | $127K | $285K | 10x | |
| Variational Omni WLD | +0.017% | −0.0228% | 8h | $2.0M | $1.4M | — | as long as short |
| GMX WLD/USD [ETH-USDC] | +0.021% | L +0.0205% / S −0.1501% | 1h | $7K | — | 100x | as long as short |
| gTrade (Gains Network) WLD/USD | +0.025% | L +0.0003% / S −0.0003% | 1h | $56K | — | 150x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.025% | 0.0000% | 1h | $122K | $777K | 25x | as long as short |
| Polymarket Perps WLD-USD | +0.060% | +0.0100% | 1h | $49K | $1.9M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.087% | +0.0338% | 1h | $876K | $2.4M | 50x | as long as short |
| SunX WLD-USDT | +0.095% | +0.0100% | 8h | $21K | $1.4M | 50x | as long as short |
| Lighter WLD | +0.104% | +0.0096% | 1h | $4.7M | $1.2M | 10x | as long as short |
| Phoenix WLD | +0.113% | −0.0019% | 1h | $2K | $48K | 10x | as long as short |
| Kalshi KXWLDPERP | +0.118% | −0.0127% | 8h | $105K | $3.6M | 1.7x | as long as short |
| Injective WLD/USDC PERP | +0.118% | +0.0070% | 1h | $6K | $194 | 5.5x | as long as short |
| edgeX WLDUSDC | +0.212% | +0.0100% | 4h | $26K | $314K | 20x | as long as short |
| ApeX Omni WLDUSDT | +0.279% | +0.0100% | 1h | $63K | $221K | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.441% | +0.0344% | 1h | $263K | $1.5M | 50x | as long as short |