WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.022%

Price spread now: Phemex against BloFin−0.485%59s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as 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−$1471.472% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 4 days (all we have)+0.489%+$49 · spread now −0.485%, 7d avg 0.000%

Together, before fees+0.345%+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.486% cheaper against BloFin than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of 0.000%). Swap the legs. The two prices were read 59 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	BloFin WLD-USDT	0.4534	0.0220	pay 0.0220% / 8h	7h 55m	$4.4M	$900K	75x
Short	Phemex WLDUSDT	0.4512	0.0100	get 0.0100% / 8h	7h 55m	$1.7M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now −0.485%Rate

Funding earned: −$25.2
Price spread: −0.485% → 0.000%: −$48.57
Slippage, 4 orders: −$123.16
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$220.94
Costs to cover: 1.472%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Phemex: live order book, 3 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 BloFin live order book, 3 min ago	3.32 bp	13.6 bp −$14	18.9 bp −$189	43.2 bp −$4,317	140.7 bp −$70.4K
Sell Phemex live order book, 3 min ago	17.68 bp	67.3 bp −$67	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
dYdX WLD-USD	0.0000%	1h	0.4526	−0.180%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4519	−0.331%	$40K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4514	−0.441%	$119K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4514	−0.444%	$65K	—	150x	as long as short
Nado WLD-PERP	+0.0022%	1h	0.4512	−0.474%	$234K	$175K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4514	−0.441%	$27K	$631K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4507	−0.606%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4505	−0.648%	$54K	$543K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4503	−0.684%	$86.4M	$333.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4501	−0.728%	$63.7M	$89.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4505	−0.640%	$34.1M	$149.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4504	−0.662%	$7.1M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4504	−0.662%	$41.7M	$55.5M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4502	−0.706%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4503	−0.684%	$29.7M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4505	−0.640%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4509	−0.547%	$131K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4509	−0.557%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4520	−0.313%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4528	−0.140%	$601K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4521	−0.287%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4517	−0.382%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4521	−0.287%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4512	−0.485%	$217	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.309%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDTshort	+0.0100%	8h	0.4512	−0.485%	$1.7M	$3.6M	50x
Extended WLD-USD	+0.0104%	1h	0.4502	−0.699%	$208K	$878K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4515	−0.419%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.573%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4511	−0.501%	—	—	20x	as long as short
Phoenix WLD	+0.0177%	1h	0.4530	−0.095%	$4K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4513	−0.465%	$4K	—	100x	as long as short
BloFin WLD-USDTlong	+0.0220%	8h	0.4534	long leg	$4.4M	$900K	75x
01 Exchange WLDUSD	+0.0232%	1h	0.4508	−0.576%	$323	$55	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0303%	1h	0.4515	−0.415%	$868K	$2.8M	50x	as long as short
Lighter WLD	+0.0344%	1h	0.4510	−0.540%	$4.9M	$2.9M	10x	as long as short
Hyperliquid WLD	+0.0353%	1h	0.4509	−0.549%	$50.1M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4533	−0.022%	$269K	$1.6M	50x	as long as short