WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0119%/8h= −13.0% APRnext payment −$0.15 per $10,000 · paid last 24h −0.033%

Price spread now: Backpack against GMX+0.030%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Backpack is 0.030% dearer against GMX than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLD/USD [ETH-USDC]	0.4513	L +0.0219% / S −0.0967%	pay 0.0027% / 1h	54m 06s	$4K	—	100x
Short	Backpack WLD_USDC_PERP	0.4514	0.0100	get 0.0013% / 1h	54m 06s	$134K	$305K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$24.98
Price spread: +0.030% → 0.000%: $2.99
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$43.99
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 59 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 59 min ago	0.43 bp	9.5 bp −$9	doesn't fit	doesn't fit	doesn't fit

GMX: 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 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	0.4516	+0.059%	$239K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4517	+0.097%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4516	+0.070%	$72K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4515	+0.048%	$146K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4514	+0.021%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0035%	8h	0.4514	+0.025%	$6.7M	$11.8M	50x	as long as short
Polymarket Perps WLD-USD	+0.0064%	1h	0.4513	+0.008%	$47K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4515	+0.052%	$323	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4515	+0.048%	$28K	$855K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4515	+0.044%	$225K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4515	+0.055%	$47K	$533K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4515	+0.056%	$85.7M	$336.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4515	+0.048%	$64.0M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4515	+0.048%	$34.1M	$153.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4514	+0.025%	$7.2M	$36.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4514	+0.025%	$38.9M	$55.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4514	+0.025%	$29.7M	$30.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4515	+0.048%	—	$68.1M	—	as long as short
Backpack WLD_USDC_PERPshort	+0.0100%	1h	0.4514	+0.030%	$134K	$305K	10x
Variational Omni WLD	+0.0100%	8h	0.4523	+0.218%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4506	−0.141%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4524	+0.256%	$600K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4519	+0.136%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4515	+0.048%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	−0.041%	$825K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4518	+0.114%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4512	−0.013%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4514	+0.032%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4513	−0.002%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4490	−0.513%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4520	+0.150%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	+0.136%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0219% / S −0.0967%	1h	0.4513	long leg	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4521	+0.181%	$4.8M	$928K	75x	as long as short
ApeX Omni WLDUSDT	+0.0243%	1h	0.4518	+0.114%	$48K	$240K	50x	as long as short
Hyperliquid WLD	+0.0262%	1h	0.4519	+0.134%	$49.0M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0502%	1h	0.4517	+0.094%	$865K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4522	+0.203%	$266K	$1.7M	50x	as long as short