Funding you earn now, next payment 06:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h −0.014%
Price spread now: Phoenix against Bitget+0.298%89s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.298% dearer against Bitget than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget WLDUSDT | 0.4528 | 0.0100 | pay 0.0100% / 8h | 1h 03m | $29.9M | $30.9M | 75x |
| Short | Phoenix WLD | 0.4541 | 0.0158 | get 0.0020% / 1h | 3m 51s | $5K | $44K | 10x |
Bitget WLDUSDT
Phoenix WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. 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
- $12.23
- Price spread: +0.298% → 0.000%
- $29.81
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $23.04
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 5 min ago; Phoenix: no order-book sample. 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 Bitget live order book, 5 min ago | 1.10 bp | 11.1 bp −$11 | 19.3 bp −$193 | 67.7 bp −$6,768 | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | −0.0022% | 1h | 0.4522 | −0.133% | $238K | $169K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4524 | −0.084% | $154K | $32K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4527 | −0.022% | $51K | $4.7M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4524 | −0.088% | $150K | $954K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4525 | −0.073% | $65K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4523 | −0.110% | $27K | $745K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4528 | +0.011% | $226K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4530 | +0.039% | $49K | $537K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4528 | 0.000% | $86.5M | $334.7M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4527 | −0.022% | $64.5M | $89.3M | 50x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4528 | 0.000% | $34.2M | $152.0M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4527 | −0.022% | $7.1M | $36.4M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4528 | 0.000% | $40.1M | $57.7M | 300x | as long as short |
| KuCoin WLDUSDTM | +0.0100% | 8h | 0.4525 | −0.066% | $6.6M | $11.7M | 50x | as long as short |
| Bitget WLDUSDTlong | +0.0100% | 8h | 0.4528 | long leg | $29.9M | $30.9M | 75x | |
| BingX WLD-USDT | +0.0100% | 8h | 0.4528 | 0.000% | — | $69.8M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4528 | +0.009% | $134K | $292K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4535 | +0.148% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4525 | −0.056% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4530 | +0.045% | $597K | $2.1M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4529 | +0.022% | $48K | $238K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4521 | −0.144% | $47K | $2.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4533 | +0.110% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4523 | −0.110% | $213 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4527 | −0.022% | $828K | $1.6M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4527 | −0.022% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4527 | −0.029% | $208K | $981K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4525 | −0.073% | $31K | $500 | 3x | as long as short |
| Lighter WLD | +0.0128% | 1h | 0.4531 | +0.064% | $4.9M | $2.9M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0132% | 1h | 0.4581 | +1.170% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4520 | −0.171% | — | — | 20x | as long as short |
| 01 Exchange WLDUSD | +0.0136% | 1h | 0.4526 | −0.049% | $324 | $55 | 5x | as long as short |
| Phoenix WLDshort | +0.0158% | 1h | 0.4541 | +0.298% | $5K | $44K | 10x | |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4523 | −0.109% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4535 | +0.155% | $4.8M | $914K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0488% | 1h | 0.4530 | +0.044% | $273K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0492% | 1h | 0.4535 | +0.144% | $49.8M | $43.7M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1046% | 1h | 0.4526 | −0.038% | $875K | $2.8M | 50x | as long as short |
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
KuCoin WLDUSDTM
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
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
Lighter WLD
Injective WLD/USDC PERP
Reya WLDRUSDPERP
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD