Funding you earn now, next payment 21:00 UTC−0.0181%/8h= −19.8% APRpaid last 24h −0.015%
Price spread now: BloFin against Coinbase International−0.066%58s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as 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−$680.685% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 3 days (all we have)+0.232%+$23 · spread now −0.066%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.039% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.028%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.133%, so the current rate has only just turned against you. The two prices were read 58 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 | Coinbase International WLD-PERP-INTX | 0.4521 | 0.0400 | pay 0.0050% / 1h | 2m 07s | $277K | $1.6M | 50x |
| Short | BloFin WLD-USDT | 0.4518 | 0.0219 | get 0.0219% / 8h | 2h 02m | $4.8M | $808K | 75x |
Coinbase International WLD-PERP-INTX
BloFin WLD-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Coinbase International. 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
- −$38.06
- Price spread: −0.066% → −0.028%
- −$3.86
- Slippage, 4 orders
- −$46.49
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$110.41
- Costs to cover
- 0.685%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; BloFin: live order book, 6 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 Coinbase International live order book, 1 min ago | 3.32 bp | 23.9 bp −$24 | 30.9 bp −$309 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 2.21 bp | 14.4 bp −$14 | 18.8 bp −$188 | 39.7 bp −$3,971 | 114.5 bp −$57.3K |
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 | −0.0489% | 8h | 0.4519 | −0.044% | $45K | $3.8M | 1.7x | as long as short |
| Orderly PERP_WLD_USDC | −0.0015% | 8h | 0.4513 | −0.177% | $27K | $916K | 10x | as long as short |
| KuCoin WLDUSDTM | −0.0003% | 8h | 0.4511 | −0.221% | $7.0M | $10.7M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4522 | +0.016% | $154K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4513 | −0.177% | $122K | $911K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4515 | −0.143% | $56K | — | 150x | as long as short |
| Variational Omni WLD | +0.0018% | 8h | 0.4512 | −0.193% | $2.1M | $1.7M | — | as long as short |
| Nado WLD-PERP | +0.0042% | 1h | 0.4515 | −0.144% | $271K | $169K | 5x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4522 | +0.013% | $5K | $52K | 10x | as long as short |
| OKX WLD-USDT-SWAP | +0.0094% | 8h | 0.4511 | −0.221% | $33.7M | $137.5M | 50x | as long as short |
Kalshi KXWLDPERP
Orderly PERP_WLD_USDC
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Variational Omni WLD
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC WLD_USDT | +0.0098% | 8h | 0.4512 | −0.199% | $48.9M | $48.8M | 300x | as long as short |
| Hyperliquid WLD | +0.0100% | 1h | 0.4516 | −0.117% | $46.4M | $41.4M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4513 | −0.180% | $211K | $976K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4521 | +0.006% | $51K | $481K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4512 | −0.201% | $84.7M | $293.1M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4511 | −0.221% | $64.2M | $80.5M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4513 | −0.177% | $7.3M | $34.9M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4509 | −0.265% | $29.9M | $25.1M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4512 | −0.199% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4513 | −0.168% | $128K | $270K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4509 | −0.264% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4510 | −0.238% | $605K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4509 | −0.265% | $54K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4518 | −0.064% | $51K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4518 | −0.066% | $22K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4512 | −0.199% | $199 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4516 | −0.111% | $852K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4513 | −0.177% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4510 | −0.243% | $132K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4513 | −0.167% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4512 | −0.193% | — | — | 20x | as long as short |
| BloFin WLD-USDTshort | +0.0219% | 8h | 0.4518 | −0.066% | $4.8M | $808K | 75x | |
| GMX WLD/USD [ETH-USDC] | L +0.0240% / S −0.1996% | 1h | 0.4514 | −0.163% | $9K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0304% | 1h | 0.4522 | +0.018% | $324 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4542 | +0.464% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTXlong | +0.0400% | 1h | 0.4521 | long leg | $277K | $1.6M | 50x | |
| Lighter WLD | +0.0936% | 1h | 0.4522 | +0.013% | $5.1M | $2.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1105% | 1h | 0.4515 | −0.138% | $918K | $2.6M | 50x | as long as short |
MEXC WLD_USDT
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
Gate 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]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Lighter WLD
Kraken Futures PF_WLDUSD