Funding you earn now, next payment 00:00 UTC−0.0106%/8h= −11.6% APRnext payment −$1.06 per $10,000 · paid last 24h −0.001%
Price spread now: Orderly against Bybit−0.174%7-day average +0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 3 days (all we have)+0.445%+$44 · spread now −0.174%, 7d avg +0.034%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.208% cheaper against Bybit than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WLDUSDT | 0.4596 | 0.0100 | pay 0.0100% / 8h | 1h 43m | $65.6M | $80.8M | 50x |
| Short | Orderly PERP_WLD_USDC | 0.4588 | −0.0006 | pay 0.0006% / 8h | 1h 43m | $28K | $914K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bybit. 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
- −$22.3
- Price spread: −0.174% → +0.034%
- −$20.78
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$60.09
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; Orderly: 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 Bybit live order book, 1 min ago | 1.09 bp | 7.3 bp −$7 | 14.2 bp −$142 | 95.5 bp −$9,555 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0410% | 8h | 0.4594 | −0.044% | $47K | $3.8M | 1.7x | as long as short |
| Injective WLD/USDC PERP | −0.0079% | 1h | 0.4522 | −1.610% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDCshort | −0.0006% | 8h | 0.4588 | −0.174% | $28K | $914K | 10x | |
| dYdX WLD-USD | 0.0000% | 1h | 0.4597 | +0.012% | $157K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4590 | −0.131% | $107K | $906K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4590 | −0.121% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0004% | 8h | 0.4597 | +0.022% | $7.0M | $10.7M | 50x | as long as short |
| Variational Omni WLD | +0.0051% | 8h | 0.4581 | −0.325% | $2.1M | $1.6M | — | as long as short |
| Nado WLD-PERP | +0.0069% | 1h | 0.4590 | −0.120% | $276K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4597 | +0.032% | $216K | $974K | 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 | 0.4594 | −0.034% | $52K | $480K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4598 | +0.038% | $86.9M | $294.6M | 75x | as long as short |
| Bybit WLDUSDTlong | +0.0100% | 8h | 0.4596 | long leg | $65.6M | $80.8M | 50x | |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4597 | +0.022% | $34.5M | $140.6M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4598 | +0.044% | $7.5M | $34.9M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4598 | +0.044% | $49.4M | $51.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4598 | +0.044% | $30.3M | $25.3M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4598 | +0.044% | — | $67.9M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4597 | +0.026% | $128K | $269K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4593 | −0.072% | $27K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4594 | −0.044% | $626K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4597 | +0.022% | $55K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4591 | −0.100% | $47K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4594 | −0.044% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4594 | −0.044% | $200 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4596 | 0.000% | $867K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4594 | −0.044% | $1.8M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4596 | +0.005% | $241K | $855K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4592 | −0.097% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0124% | 1h | 0.4577 | −0.418% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4589 | −0.155% | — | — | 20x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0185% | 1h | 0.4601 | +0.116% | $923K | $2.6M | 50x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4599 | +0.065% | $4.8M | $820K | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4594 | −0.048% | $329 | $77 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0260% / S −0.2221% | 1h | 0.4589 | −0.159% | $9K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0424% | 1h | 0.4602 | +0.131% | $275K | $1.6M | 50x | as long as short |
| Lighter WLD | +0.0904% | 1h | 0.4606 | +0.218% | $5.2M | $2.1M | 10x | as long as short |
| Hyperliquid WLD | +0.1188% | 1h | 0.4607 | +0.228% | $50.2M | $43.1M | 10x | as long as short |
Bybit WLDUSDT
Kalshi KXWLDPERP
Injective WLD/USDC PERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Variational Omni WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
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
Phoenix WLD
Kraken Futures PF_WLDUSD
BloFin WLD-USDT
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
Coinbase International WLD-PERP-INTX
Lighter WLD
Hyperliquid WLD