Funding you earn now, next payment 00:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h +0.015%
Price spread now: Phoenix against Deribit−0.607%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Phoenix is 0.607% cheaper against Deribit than usual: you would sell low and buy high (−$61 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.066%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit WLD_USDC-PERPETUAL | 0.4746 | 0.0172 | pay 0.0021% / 1h | 17m 15s | $136K | $863K | 25x |
| Short | Phoenix WLD | 0.4717 | 0.0157 | get 0.0020% / 1h | 17m 15s | $5K | $53K | 10x |
Deribit WLD_USDC-PERPETUAL
Phoenix WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Deribit. 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
- −$3.05
- Price spread: −0.607% → 0.000%
- −$60.68
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$77.73
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 57 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 Deribit live order book, 57 min ago | 4.36 bp | 7.9 bp −$8 | 17.6 bp −$176 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex WLDUSDT | −0.0259% | 8h | 0.4740 | −0.126% | $1.9M | $3.7M | 50x | as long as short |
| Kalshi KXWLDPERP | −0.0167% | 8h | 0.4742 | −0.084% | $32K | $4.0M | 1.7x | as long as short |
| Nado WLD-PERP | −0.0031% | 1h | 0.4747 | +0.011% | $279K | $176K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0016% | 8h | 0.4745 | −0.021% | $7.1M | $11.2M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4744 | −0.047% | $169K | $12K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0002% | 1h | 0.4741 | −0.105% | $57K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4744 | −0.042% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0049% | 8h | 0.4742 | −0.084% | $29K | $902K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4748 | +0.038% | $212K | $974K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4747 | +0.021% | $56K | $482K | 5x | as long as short |
Phemex WLDUSDT
Kalshi KXWLDPERP
Nado WLD-PERP
KuCoin WLDUSDTM
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4749 | +0.059% | $90.9M | $309.3M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4750 | +0.084% | $68.8M | $83.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4744 | −0.042% | $36.0M | $150.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4743 | −0.063% | $7.7M | $36.1M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4742 | −0.084% | $49.1M | $54.7M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4743 | −0.063% | $31.8M | $27.1M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4740 | −0.126% | — | $67.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4744 | −0.042% | $140K | $277K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4717 | −0.617% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4710 | −0.757% | $28K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4720 | −0.549% | $623K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4712 | −0.716% | $57K | $231K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4751 | +0.099% | $47K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4747 | +0.021% | $24K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4744 | −0.042% | $230 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4740 | −0.126% | $878K | $1.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4742 | −0.074% | $219K | $894K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4744 | −0.032% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4744 | −0.047% | — | — | 20x | as long as short |
| Phoenix WLDshort | +0.0157% | 1h | 0.4717 | −0.607% | $5K | $53K | 10x | |
| Deribit WLD_USDC-PERPETUALlong | +0.0172% | 1h | 0.4746 | long leg | $136K | $863K | 25x | |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4745 | −0.021% | $5.0M | $881K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0240% / S −0.1538% | 1h | 0.4738 | −0.160% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0240% | 1h | 0.4749 | +0.057% | $340 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0317% | 1h | 0.4747 | +0.026% | $935K | $2.7M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4751 | +0.105% | $278K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0854% | 1h | 0.4757 | +0.228% | $53.3M | $43.8M | 10x | as long as short |
| Lighter WLD | +0.1016% | 1h | 0.4755 | +0.200% | $5.4M | $2.0M | 10x | as long as short |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
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
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD