After costs, if the gap returns to its 7d average, $10k−$75
spread now−0.356%7d average+0.037%fees + slippage, in and out−$36spread needed0.357%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WLDUSDT | 0.4406 | −0.0061 | get 0.0061% / 8h | 1h 52m | $63.1M | $74.3M | 50x |
| Short | Backpack WLD_USDC_PERP | 0.4390 | 0.0100 | get 0.0013% / 1h | 52m 20s | $132K | $315K | 10x |
Bybit WLDUSDT
Backpack WLD_USDC_PERPPrice 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
- −$35.63
- Funding while held
- $4.82
- Slippage, 4 orders
- −$14.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$66.46
- Spread needed to break even
- 0.357%
Slippage from Bybit: live order book, 3 min ago; Backpack: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0161%
- Per $10,000 a day
- +$4.82
- 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 Bybit live order book, 3 min ago | 1.13 bp | 7.2 bp −$7 | 15.9 bp −$159 | 152.7 bp −$15.3K | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.22 bp | 6.6 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
WLD price on every exchange
against the cheapest. Click to use as the short leg.BloFin0.4386cheapestKalshi0.4388+0.046%
BloFinBackpack0.4390+0.098%
HTX0.4396+0.228%Reya0.4396+0.237%Nado0.4397+0.262%KuCoin0.4398+0.274%Aevo0.4400+0.310%Gate0.4400+0.319%MEXC0.4400+0.319%Polymarket Perps0.4400+0.326%Pacifica0.4401+0.341%dYdX0.4402+0.361%Bitget0.4402+0.365%BingX0.4402+0.365%Aster0.4402+0.366%Hyperliquid0.4402+0.367%Extended0.4403+0.386%SoDEX0.4404+0.410%Binance0.4405+0.433%OKX0.4405+0.433%Orderly0.4405+0.433%GMX0.4405+0.434%Lighter0.4405+0.435%gTrade (Gains Network)0.4405+0.445%
HTX
Reya
Nado
KuCoin
Aevo
Gate
MEXC
Polymarket Perps
Pacifica
dYdX
Bitget
BingX
Aster
Hyperliquid
Extended
SoDEX
Binance
OKX
Orderly
GMX
Lighter
gTrade (Gains Network)Bybit0.4406+0.456%
Coinbase International0.4406+0.456%Phemex0.4406+0.456%Kraken Futures0.4408+0.504%Deribit0.4409+0.524%SunX0.4410+0.547%edgeX0.4451+1.475%ApeX Omni0.4454+1.550%Variational Omni0.4467+1.852%Phoenix0.4470+1.904%Injective0.4477+2.075%
Coinbase International
Phemex
Kraken Futures
Deribit
SunX
ApeX Omni
Variational Omni
Phoenix
InjectiveWLD on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin WLD-USDT | −0.454% | +0.0091% | 8h | $4.9M | $1.2M | 75x | as long as short |
| Kalshi KXWLDPERP | −0.409% | −0.0240% | 8h | $80K | $2.9M | 1.7x | as long as short |
| Backpack WLD_USDC_PERPshort | −0.356% | +0.0100% | 1h | $132K | $315K | 10x | |
| HTX WLD-USDT | −0.227% | +0.0100% | 8h | $818K | $1.4M | 50x | as long as short |
| Reya WLDRUSDPERP | −0.218% | +0.0134% | 1h | — | — | 20x | as long as short |
| Nado WLD-PERP | −0.193% | +0.0022% | 1h | $346K | $182K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.182% | +0.0051% | 8h | $6.9M | $12.1M | 50x | as long as short |
| Aevo WLD-PERP | −0.146% | +0.0072% | 1h | $30K | $5K | 3x | as long as short |
| Gate WLD_USDT | −0.136% | +0.0040% | 8h | $7.1M | $33.1M | 75x | as long as short |
| MEXC WLD_USDT | −0.136% | −0.0029% | 8h | $39.0M | $46.0M | 300x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps WLD-USD | −0.129% | +0.0081% | 1h | $46K | $1.5M | 10x | as long as short |
| Pacifica WLD | −0.114% | +0.0100% | 1h | $71K | $480K | 5x | as long as short |
| dYdX WLD-USD | −0.094% | 0.0000% | 1h | $151K | $5K | 10x | as long as short |
| Bitget WLDUSDT | −0.091% | +0.0074% | 8h | $28.8M | $24.9M | 75x | as long as short |
| BingX WLD-USDT | −0.091% | +0.0082% | 8h | — | $68.4M | — | as long as short |
| Aster WLDUSDT | −0.089% | +0.0039% | 8h | $378K | $758K | 50x | as long as short |
| Hyperliquid WLD | −0.089% | +0.0100% | 1h | $46.2M | $38.0M | 10x | as long as short |
| Extended WLD-USD | −0.070% | +0.0104% | 1h | $127K | $658K | 10x | as long as short |
| SoDEX WLD-USD | −0.045% | +0.0100% | 1h | $191 | $5K | 10x | as long as short |
| Binance WLDUSDT | −0.023% | −0.0029% | 8h | $81.0M | $267.2M | 75x | as long as short |
| OKX WLD-USDT-SWAP | −0.023% | −0.0006% | 8h | $33.1M | $129.5M | 50x | as long as short |
| Orderly PERP_WLD_USDC | −0.023% | −0.0020% | 8h | $27K | $960K | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | −0.022% | L +0.0187% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
| Lighter WLD | −0.020% | +0.0112% | 1h | $4.8M | $1.1M | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | −0.011% | L +0.0003% / S −0.0002% | 1h | $72K | — | 150x | as long as short |
| Bybit WLDUSDTlong | 0.000% | −0.0061% | 8h | $63.1M | $74.3M | 50x | |
| Coinbase International WLD-PERP-INTX | 0.000% | +0.0264% | 1h | $269K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | 0.000% | +0.0100% | 8h | $1.8M | $3.9M | 50x | as long as short |
| Kraken Futures PF_WLDUSD | +0.048% | −0.0033% | 1h | $772K | $1.8M | 50x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.068% | 0.0000% | 1h | $122K | $745K | 25x | as long as short |
| SunX WLD-USDT | +0.091% | +0.0100% | 8h | $22K | $1.4M | 50x | as long as short |
| edgeX WLDUSDC | +1.014% | +0.0100% | 4h | $26K | $313K | 20x | as long as short |
| ApeX Omni WLDUSDT | +1.089% | +0.0100% | 1h | $58K | $218K | 50x | as long as short |
| Variational Omni WLD | +1.390% | −0.0039% | 8h | $2.1M | $1.6M | — | as long as short |
| Phoenix WLD | +1.441% | +0.0018% | 1h | $2K | $56K | 10x | as long as short |
| Injective WLD/USDC PERP | +1.611% | +0.0449% | 1h | $6K | $41K | 5.5x | as long as short |