WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0348%/8h= −38.1% APRnext payment −$0.44 per $10,000 · paid last 24h −0.062%

Price spread now: Phoenix against Coinbase International+0.249%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.249% dearer against Coinbase International than usual: you sell high and buy low (spread +0.249% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.120% in total) that is about 15 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 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	0.4574	0.0400	pay 0.0050% / 1h	47m 10s	$275K	$1.6M	50x
Short	Phoenix WLD	0.4585	0.0052	get 0.0006% / 1h	47m 10s	$5K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee PhoenixbpOrdersPrice spread, now +0.249%Rate

Funding earned: −$73.14
Price spread: +0.249% → 0.000%: $24.92
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$65.21
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago	5.47 bp	23.7 bp −$24	28.4 bp −$284	doesn't fit	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
Kalshi KXWLDPERP	−0.0508%	8h	0.4568	−0.131%	$33K	$3.8M	1.7x	as long as short
Variational Omni WLD	−0.0055%	8h	0.4588	+0.296%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0028%	8h	0.4560	−0.306%	$28K	$918K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4562	−0.251%	$156K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4562	−0.262%	$153K	$768K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4561	−0.284%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0016%	8h	0.4557	−0.372%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0046%	8h	0.4558	−0.350%	$34.4M	$136.9M	50x	as long as short
Phoenix WLDshort	+0.0052%	1h	0.4585	+0.249%	$5K	$52K	10x
Nado WLD-PERP	+0.0054%	1h	0.4556	−0.404%	$272K	$168K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0078%	8h	0.4560	−0.306%	$67.0M	$78.4M	50x	as long as short
ApeX Omni WLDUSDT	+0.0084%	1h	0.4590	+0.350%	$55K	$227K	50x	as long as short
MEXC WLD_USDT	+0.0094%	8h	0.4559	−0.328%	$53.1M	$46.7M	300x	as long as short
Binance WLDUSDT	+0.0095%	8h	0.4558	−0.350%	$86.2M	$290.1M	75x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4561	−0.287%	$209K	$977K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4564	−0.218%	$53K	$473K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4559	−0.328%	$7.4M	$34.1M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4558	−0.350%	$30.1M	$25.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4559	−0.328%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4560	−0.310%	$128K	$278K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4558	−0.349%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4566	−0.172%	$618K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4558	−0.352%	$55K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4563	−0.240%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4558	−0.350%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	−0.350%	$858K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4558	−0.350%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4558	−0.347%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4560	−0.303%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4559	−0.325%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0215%	8h	0.4558	−0.350%	$5.0M	$834K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4560	−0.309%	$12K	—	100x	as long as short
Hyperliquid WLD	+0.0240%	1h	0.4563	−0.249%	$47.3M	$40.5M	10x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.049%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTXlong	+0.0400%	1h	0.4574	long leg	$275K	$1.6M	50x
01 Exchange WLDUSD	+0.0648%	1h	0.4565	−0.208%	$327	$77	5x	as long as short
Lighter WLD	+0.1088%	1h	0.4570	−0.096%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1094%	1h	0.4561	−0.284%	$917K	$2.5M	50x	as long as short