Funding you earn now, next payment 21:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h +0.040%
Price spread now: Coinbase International against BingX−0.065%53s7-day average +0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$700.702% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.733%+$73 · spread now −0.065%, 7d avg +0.065%
=Funding pays, the price is against you. Coinbase International is 0.130% cheaper against BingX than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.065%). If the spread goes back, that is −$13 on $10k: about 35 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.003% in total) that is about 10 months. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.003% in total (about 0.2% 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 | BingX WLD-USDC | 0.4598 | 0.0100 | pay 0.0100% / 8h | 2h 53m | — | $1.3M | — |
| Short | Coinbase International WLD-PERP-INTX | 0.4595 | 0.0400 | get 0.0050% / 1h | 53m 23s | $276K | $1.6M | 50x |
BingX WLD-USDC
Coinbase International WLD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BingX. 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
- $63
- Price spread: −0.065% → +0.065%
- −$13.03
- Slippage, 4 orders
- −$50.24
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$20.27
- Costs to cover
- 0.702%
- Break-even
- 9.3 days
Slippage from BingX: live order book, 8 min ago; Coinbase International: live order book, 5 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 BingX live order book, 8 min ago | 2.15 bp | 16.9 bp −$17 | 42.6 bp −$426 | 409.2 bp −$40.9K | 664.0 bp −$332.0K |
| Sell Coinbase International live order book, 5 min ago | 7.55 bp | 20.3 bp −$20 | 26.0 bp −$260 | 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 | −0.0340% | 8h | 0.4597 | −0.022% | $31K | $3.7M | 1.7x | as long as short |
| Variational Omni WLD | −0.0069% | 8h | 0.4630 | +0.706% | $2.1M | $1.7M | — | as long as short |
| Orderly PERP_WLD_USDC | −0.0029% | 8h | 0.4594 | −0.087% | $28K | $921K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4601 | +0.054% | $157K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4588 | −0.217% | $154K | $782K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4599 | +0.014% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0012% | 8h | 0.4601 | +0.065% | $7.0M | $10.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0035% | 8h | 0.4593 | −0.109% | $34.8M | $137.7M | 50x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4597 | −0.013% | $5K | $52K | 10x | as long as short |
| Bybit WLDUSDT | +0.0061% | 8h | 0.4594 | −0.087% | $67.5M | $78.5M | 50x | as long as short |
Kalshi KXWLDPERP
Variational Omni WLD
Orderly PERP_WLD_USDC
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
OKX WLD-USDT-SWAP
Phoenix WLD
Bybit WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | +0.0079% | 1h | 0.4602 | +0.098% | $275K | $168K | 5x | as long as short |
| MEXC WLD_USDT | +0.0086% | 8h | 0.4598 | 0.000% | $54.2M | $46.2M | 300x | as long as short |
| Binance WLDUSDT | +0.0088% | 8h | 0.4597 | −0.011% | $87.8M | $288.7M | 75x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4604 | +0.122% | $210K | $977K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4598 | −0.004% | $55K | $475K | 5x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4597 | −0.022% | $7.5M | $33.9M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4602 | +0.087% | $30.4M | $24.9M | 75x | as long as short |
| BingX WLD-USDClong | +0.0100% | 8h | 0.4598 | long leg | — | $1.3M | — | |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4591 | −0.146% | $129K | $282K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4620 | +0.469% | $27K | $314K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4607 | +0.195% | $624K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4632 | +0.739% | $55K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4603 | +0.111% | $56K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4593 | −0.109% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4588 | −0.217% | $198 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4586 | −0.261% | $863K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4589 | −0.196% | $1.9M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4592 | −0.129% | $134K | $744K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4596 | −0.044% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4600 | +0.035% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0207% | 8h | 0.4616 | +0.391% | $5.0M | $884K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0223% / S −0.1831% | 1h | 0.4597 | −0.018% | $9K | — | 100x | as long as short |
| Hyperliquid WLD | +0.0364% | 1h | 0.4605 | +0.146% | $47.8M | $40.3M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4622 | +0.522% | $6K | $139K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.0400% | 1h | 0.4595 | −0.065% | $276K | $1.6M | 50x | |
| 01 Exchange WLDUSD | +0.0784% | 1h | 0.4628 | +0.661% | $331 | $77 | 5x | as long as short |
| Lighter WLD | +0.0904% | 1h | 0.4605 | +0.141% | $5.1M | $1.9M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1086% | 1h | 0.4592 | −0.141% | $921K | $2.5M | 50x | as long as short |
Nado WLD-PERP
MEXC WLD_USDT
Binance WLDUSDT
Aster WLDUSDT
Pacifica WLD
Gate WLD_USDT
Bitget WLDUSDT
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
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Hyperliquid WLD
Injective WLD/USDC PERP
01 Exchange WLDUSD
Lighter WLD
Kraken Futures PF_WLDUSD