Funding you earn now, next payment 02:00 UTC+0.0414%/8h= +45.3% APRnext payment +$0.52 per $10,000 · paid last 24h −0.051%
Price spread now: Kraken Futures against Coinbase International+0.193%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$850.849% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.193%, 7d avg −0.014%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.207% dearer against Coinbase International than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.014%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 per $10,000. 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 | Coinbase International WLD-PERP-INTX | 0.4624 | 0.0480 | pay 0.0060% / 1h | 33m 53s | $274K | $1.7M | 50x |
| Short | Kraken Futures PF_WLDUSD | 0.4633 | 0.0894 | get 0.0112% / 1h | 33m 53s | $900K | $2.9M | 50x |
Coinbase International WLD-PERP-INTX
Kraken Futures PF_WLDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $86.89
- Price spread: +0.193% → −0.014%
- $20.7
- Slippage, 4 orders
- −$64.93
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $22.66
- Costs to cover
- 0.849%
- Break-even
- 5.2 days
Slippage from Coinbase International: live order book, 5 min ago; Kraken Futures: 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 Coinbase International live order book, 5 min ago | 7.57 bp | 17.6 bp −$18 | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 6.50 bp | 18.7 bp −$19 | 27.4 bp −$274 | 1073.4 bp −$107.3K | 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 | −0.0134% | 8h | 0.4621 | −0.065% | $57K | $4.5M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0042% | 8h | 0.4630 | +0.130% | $7.1M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4621 | −0.073% | $165K | $26K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4630 | +0.130% | $119K | $923K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4628 | +0.087% | $55K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0028% | 1h | 0.4625 | +0.032% | $268K | $187K | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0073% | 8h | 0.4630 | +0.130% | $28K | $893K | 10x | as long as short |
| Gate WLD_USDT | +0.0094% | 8h | 0.4629 | +0.108% | $7.2M | $36.8M | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0096% | 1h | 0.4622 | −0.032% | $331 | $80 | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4631 | +0.161% | $174K | $1.0M | 50x | as long as short |
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Orderly PERP_WLD_USDC
Gate WLD_USDT
01 Exchange WLDUSD
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4621 | −0.067% | $48K | $511K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4628 | +0.087% | $87.9M | $324.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4630 | +0.130% | $66.1M | $87.9M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4631 | +0.151% | $35.0M | $149.0M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4629 | +0.108% | $45.8M | $54.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4628 | +0.087% | $30.6M | $29.5M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4629 | +0.108% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4632 | +0.162% | $137K | $290K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4633 | +0.186% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4621 | −0.074% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4619 | −0.109% | $607K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4623 | −0.022% | $51K | $236K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4629 | +0.119% | $54K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4633 | +0.195% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4631 | +0.151% | $295 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4626 | +0.043% | $845K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4632 | +0.173% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4627 | +0.069% | $213K | $927K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4630 | +0.123% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4626 | +0.048% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0172% | 1h | 0.4625 | +0.013% | $5K | $57K | 10x | as long as short |
| Lighter WLD | +0.0216% | 1h | 0.4636 | +0.260% | $5.0M | $2.3M | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4638 | +0.303% | $5.0M | $804K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4627 | +0.056% | $5K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTXlong | +0.0480% | 1h | 0.4624 | long leg | $274K | $1.7M | 50x | |
| Hyperliquid WLD | +0.0495% | 1h | 0.4637 | +0.275% | $51.6M | $42.9M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0677% | 1h | 0.4616 | −0.173% | $6K | $185K | 5.5x | as long as short |
| Kraken Futures PF_WLDUSDshort | +0.0894% | 1h | 0.4633 | +0.193% | $900K | $2.9M | 50x |
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
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
Reya WLDRUSDPERP
Phoenix WLD
Lighter WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Hyperliquid WLD
Injective WLD/USDC PERP