Funding you earn now, next payment 22:00 UTC+0.0993%/8h= +108.7% APRpaid last 24h −0.033%
Price spread now: Kraken Futures against Binance−0.113%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$530.527% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 3 days (all we have)+0.533%+$53 · spread now −0.113%, 7d avg +0.046%
=Funding pays, the price is against you. Kraken Futures is 0.159% cheaper against Binance than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of +0.046%). If the spread goes back, that is −$16 on $10k: about 13 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.097% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance WLDUSDT | 0.4570 | 0.0100 | pay 0.0100% / 8h | 2h 27m | $86.1M | $292.2M | 75x |
| Short | Kraken Futures PF_WLDUSD | 0.4564 | 0.1093 | get 0.0137% / 1h | 27m 33s | $924K | $2.6M | 50x |
Binance WLDUSDT
Kraken Futures PF_WLDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $208.51
- Price spread: −0.113% → +0.046%
- −$15.89
- Slippage, 4 orders
- −$32.66
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $139.96
- Costs to cover
- 0.527%
- Break-even
- 2.3 days
Slippage from Binance: live order book, 16 min ago; Kraken Futures: live order book, 1 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 Binance live order book, 16 min ago | 1.10 bp | 6.1 bp −$6 | 13.7 bp −$137 | 61.4 bp −$6,135 | 223.1 bp −$111.5K |
| Sell Kraken Futures live order book, 1 min ago | 6.57 bp | 18.0 bp −$18 | 32.0 bp −$320 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0472% | 8h | 0.4567 | −0.057% | $44K | $3.8M | 1.7x | as long as short |
| Orderly PERP_WLD_USDC | −0.0024% | 8h | 0.4563 | −0.144% | $28K | $917K | 10x | as long as short |
| Variational Omni WLD | −0.0021% | 8h | 0.4554 | −0.335% | $2.1M | $1.6M | — | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4570 | +0.005% | $156K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4564 | −0.122% | $129K | $901K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4562 | −0.176% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0013% | 8h | 0.4567 | −0.057% | $7.0M | $10.7M | 50x | as long as short |
| Nado WLD-PERP | +0.0039% | 1h | 0.4569 | −0.013% | $273K | $168K | 5x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4552 | −0.391% | $5K | $52K | 10x | as long as short |
| OKX WLD-USDT-SWAP | +0.0067% | 8h | 0.4569 | −0.013% | $34.2M | $138.7M | 50x | as long as short |
Kalshi KXWLDPERP
Orderly PERP_WLD_USDC
Variational Omni WLD
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Nado WLD-PERP
Phoenix WLD
OKX WLD-USDT-SWAPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid WLD | +0.0100% | 1h | 0.4574 | +0.088% | $47.3M | $40.7M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4570 | +0.004% | $216K | $981K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4570 | +0.012% | $51K | $483K | 5x | as long as short |
| Binance WLDUSDTlong | +0.0100% | 8h | 0.4570 | long leg | $86.1M | $292.2M | 75x | |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4568 | −0.035% | $65.3M | $80.1M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4568 | −0.035% | $7.5M | $34.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4569 | −0.013% | $53.8M | $47.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4571 | +0.031% | $30.3M | $25.2M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4569 | −0.013% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4568 | −0.035% | $129K | $272K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4552 | −0.383% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4563 | −0.145% | $616K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4555 | −0.319% | $55K | $226K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4570 | 0.000% | $54K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4568 | −0.035% | $22K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4562 | −0.166% | $197 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4568 | −0.035% | $862K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4563 | −0.144% | $1.8M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4567 | −0.046% | $133K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4565 | −0.100% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4569 | −0.016% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0217% / S −0.0307% | 1h | 0.4561 | −0.178% | $12K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4571 | +0.031% | $4.9M | $812K | 75x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4622 | +1.147% | $6K | $139K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4569 | −0.013% | $280K | $1.6M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0408% | 1h | 0.4574 | +0.105% | $327 | $77 | 5x | as long as short |
| Lighter WLD | +0.1032% | 1h | 0.4578 | +0.180% | $5.1M | $2.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSDshort | +0.1093% | 1h | 0.4564 | −0.113% | $924K | $2.6M | 50x |
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Bybit WLDUSDT
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
01 Exchange WLDUSD
Lighter WLD