Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Backpack against Gate+0.022%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$460.456% of the position

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.022%, 7d avg +0.032%

Together, before fees+0.071%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4517	0.0100	pay 0.0100% / 8h	3h 11m	$7.2M	$36.7M	75x
Short	Backpack WLD_USDC_PERP	0.4518	0.0100	get 0.0013% / 1h	11m 10s	$134K	$304K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.032%: −$1.02
Slippage, 4 orders: −$20.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$46.64
Costs to cover: 0.456%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Backpack: live order book, 42 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 Gate live order book, 3 min ago	1.10 bp	12.0 bp −$12	31.7 bp −$317	54.2 bp −$5,420	121.6 bp −$60.8K
Sell Backpack live order book, 42 min ago	0.43 bp	9.5 bp −$9	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	−0.0028%	1h	0.4520	+0.066%	$240K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4523	+0.137%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4521	+0.089%	$65K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4520	+0.066%	$119K	$988K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4520	+0.059%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0032%	8h	0.4518	+0.022%	$6.8M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4519	+0.044%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4520	+0.068%	$211K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4524	+0.155%	$50K	$526K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4516	−0.015%	$86.1M	$331.9M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4516	−0.022%	$64.2M	$90.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4516	−0.022%	$34.0M	$150.9M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4517	long leg	$7.2M	$36.7M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4517	0.000%	$40.1M	$55.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4514	−0.066%	$29.8M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4516	−0.022%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERPshort	+0.0100%	1h	0.4518	+0.022%	$134K	$304K	10x
Variational Omni WLD	+0.0100%	8h	0.4533	+0.348%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4527	+0.223%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4527	+0.221%	$600K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4529	+0.266%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4518	+0.022%	$50K	$2.2M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4528	+0.244%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4519	+0.044%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4512	−0.111%	$825K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4519	+0.044%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4516	−0.018%	$214K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4520	+0.075%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4518	+0.017%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4538	+0.465%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4532	+0.341%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4518	+0.022%	$4.8M	$877K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4520	+0.060%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4521	+0.093%	$323	$55	5x	as long as short
Hyperliquid WLD	+0.0321%	1h	0.4521	+0.089%	$49.3M	$43.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0526%	1h	0.4517	+0.006%	$867K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4523	+0.133%	$263K	$1.6M	50x	as long as short
Lighter WLD	+0.0728%	1h	0.4520	+0.062%	$4.9M	$2.9M	10x	as long as short