WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0496%/8h= +54.3% APRnext payment +$0.62 per $10,000 · paid last 24h +0.096%

Price spread now: Coinbase International against Deribit+0.219%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)−0.396%−$40 · spread now +0.219%, 7d avg +0.024%

Together, before fees−0.187%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Coinbase International is 0.195% dearer against Deribit than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.024%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.209% in total (about 10.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.62 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	Deribit WLD_USDC-PERPETUAL	0.4565	0	get 0.0000% / 1h	1m 14s	$124K	$963K	25x
Short	Coinbase International WLD-PERP-INTX	0.4575	0.0496	get 0.0062% / 1h	1m 14s	$268K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.219%Rate

Funding earned: $104.16
Price spread: +0.219% → +0.024%: $19.54
Slippage, 4 orders: −$47.94
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $58.76
Costs to cover: 0.649%
Break-even: 3.1 days

Slippage from Deribit: live order book, 58 min ago; Coinbase International: live order book, 2 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 Deribit live order book, 58 min ago	3.28 bp	13.3 bp −$13	22.4 bp −$224	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	12.03 bp	27.9 bp −$28	31.3 bp −$313	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
Nado WLD-PERP	−0.0047%	1h	0.4569	+0.088%	$242K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4565	−0.008%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4566	+0.022%	$53K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4565	long leg	$124K	$963K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4564	−0.027%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0008%	8h	0.4567	+0.044%	$6.9M	$11.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4583	+0.394%	$6K	$185K	5.5x	as long as short
Lighter WLD	+0.0096%	1h	0.4572	+0.147%	$4.9M	$2.4M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4563	−0.044%	$28K	$885K	10x	as long as short
Polymarket Perps WLD-USD	+0.0099%	1h	0.4566	+0.013%	$40K	$2.2M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4568	+0.069%	$212K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4567	+0.043%	$49K	$527K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4567	+0.043%	$86.6M	$328.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4561	−0.088%	$64.9M	$89.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4562	−0.066%	$34.4M	$149.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4563	−0.044%	$7.2M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4567	+0.044%	$43.4M	$54.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4563	−0.044%	$30.2M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4563	−0.044%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4566	+0.011%	$136K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4556	−0.204%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4563	−0.052%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4567	+0.044%	$604K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4567	+0.044%	$43K	$238K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4566	+0.022%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4563	−0.044%	$175	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4565	0.000%	$834K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4569	+0.088%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4560	−0.105%	$218K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4564	−0.022%	$31K	$600	3x	as long as short
01 Exchange WLDUSD	+0.0128%	1h	0.4572	+0.160%	$327	$80	5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4564	−0.016%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4567	+0.033%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4563	−0.044%	$4.9M	$829K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4563	−0.045%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0333%	1h	0.4574	+0.191%	$50.2M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0481%	1h	0.4566	+0.025%	$881K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0496%	1h	0.4575	+0.219%	$268K	$1.7M	50x