Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Backpack against Extended+0.105%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Funding, last 7 days−0.314%−$31 on $10k
+Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.105%, 7d avg +0.069%
=Together, before fees−0.451%+ Points / potential airdropExtended: Active · farm board−$45 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: Backpack is 0.036% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended WLD-USD | 0.4539 | 0.0104 | pay 0.0013% / 1h | 16m 58s | $222K | $999K | 10x |
| Short | Backpack WLD_USDC_PERP | 0.4543 | 0.0100 | get 0.0013% / 1h | 16m 58s | $135K | $300K | 10x |
Extended WLD-USD
Backpack WLD_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.105% → +0.069%
- $3.62
- Slippage, 4 orders
- −$9.44
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$21.66
- Costs to cover
- 0.244%
- Break-even
- never at this rate
Slippage from Extended: live order book, 31 min ago; Backpack: live order book, 31 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 Extended live order book, 31 min ago | 1.11 bp | 3.7 bp −$4 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 31 min ago | 0.11 bp | 11.6 bp −$12 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0054% | 1h | 0.4545 | +0.142% | $244K | $207K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4540 | +0.034% | $155K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4539 | +0.010% | $53K | $4.8M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4542 | +0.074% | $66K | — | 150x | as long as short |
| 01 Exchange WLDUSD | +0.0048% | 1h | 0.4545 | +0.138% | $325 | $55 | 5x | as long as short |
| KuCoin WLDUSDTM | +0.0052% | 8h | 0.4541 | +0.054% | $6.7M | $11.9M | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0069% | 1h | 0.4541 | +0.061% | $40K | $2.4M | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4542 | +0.076% | $28K | $796K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4540 | +0.038% | $226K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4545 | +0.138% | $51K | $539K | 5x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
01 Exchange WLDUSD
KuCoin WLDUSDTM
Polymarket Perps WLD-USD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4539 | +0.017% | $86.5M | $338.3M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4539 | +0.010% | $64.6M | $91.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4538 | −0.012% | $34.3M | $154.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4542 | +0.076% | $7.2M | $37.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4541 | +0.054% | $39.3M | $56.1M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4540 | +0.032% | $30.0M | $31.0M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4542 | +0.076% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERPshort | +0.0100% | 1h | 0.4543 | +0.105% | $135K | $300K | 10x | |
| Variational Omni WLD | +0.0100% | 8h | 0.4510 | −0.635% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4512 | −0.584% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4535 | −0.079% | $605K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4536 | −0.056% | $48K | $240K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4548 | +0.208% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4542 | +0.076% | $205 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4540 | +0.032% | $831K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4541 | +0.054% | $1.8M | $3.7M | 50x | as long as short |
| Lighter WLD | +0.0104% | 1h | 0.4546 | +0.171% | $4.9M | $2.9M | 10x | as long as short |
| Extended WLD-USDlong | +0.0104% | 1h | 0.4539 | long leg | $222K | $999K | 10x | |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4540 | +0.039% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4540 | +0.038% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0142% | 1h | 0.4534 | −0.105% | $5K | $52K | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0176% | 1h | 0.4513 | −0.563% | $6K | $185K | 5.5x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0190% | 1h | 0.4543 | +0.098% | $145K | $1.0M | 25x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4541 | +0.044% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4545 | +0.142% | $4.8M | $923K | 75x | as long as short |
| Hyperliquid WLD | +0.0272% | 1h | 0.4548 | +0.206% | $49.1M | $44.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0499% | 1h | 0.4545 | +0.142% | $865K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0536% | 1h | 0.4548 | +0.208% | $277K | $1.7M | 50x | as long as short |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Lighter WLD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
Injective WLD/USDC PERP
Deribit WLD_USDC-PERPETUAL
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX