Funding you earn now, next payment 22:00 UTC+0.0997%/8h= +109.2% APRpaid last 24h −0.027%
Price spread now: Kraken Futures against Gate−0.148%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$660.658% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 3 days (all we have)+0.586%+$59 · spread now −0.148%, 7d avg +0.057%
=Funding pays, the price is against you. Kraken Futures is 0.205% cheaper against Gate than usual: you would sell low and buy high (spread −0.148% now, against its 7-day average of +0.057%). If the spread goes back, that is −$20 on $10k: about 16 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.114% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 5.9% a year). A funding rate is set anew for every payment. 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 | Gate WLD_USDT | 0.4553 | 0.0100 | pay 0.0100% / 8h | 2h 33m | $7.5M | $34.5M | 75x |
| Short | Kraken Futures PF_WLDUSD | 0.4546 | 0.1097 | get 0.0137% / 1h | 33m 16s | $922K | $2.6M | 50x |
Gate WLD_USDT
Kraken Futures PF_WLDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $209.43
- Price spread: −0.148% → +0.057%
- −$20.48
- Slippage, 4 orders
- −$40.79
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $123.16
- Costs to cover
- 0.658%
- Break-even
- 2.9 days
Slippage from Gate: live order book, 6 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 Gate live order book, 6 min ago | 2.21 bp | 16.6 bp −$17 | 39.5 bp −$395 | 76.5 bp −$7,651 | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 5.52 bp | 12.7 bp −$13 | 32.1 bp −$321 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0538% | 8h | 0.4556 | +0.066% | $44K | $3.8M | 1.7x | as long as short |
| Variational Omni WLD | −0.0030% | 8h | 0.4535 | −0.388% | $2.1M | $1.6M | — | as long as short |
| Orderly PERP_WLD_USDC | −0.0026% | 8h | 0.4548 | −0.110% | $28K | $917K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4553 | −0.004% | $155K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4548 | −0.110% | $128K | $900K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4553 | 0.000% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0020% | 8h | 0.4551 | −0.044% | $7.0M | $10.7M | 50x | as long as short |
| Nado WLD-PERP | +0.0045% | 1h | 0.4552 | −0.011% | $272K | $168K | 5x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4536 | −0.380% | $5K | $52K | 10x | as long as short |
| OKX WLD-USDT-SWAP | +0.0061% | 8h | 0.4544 | −0.198% | $34.0M | $137.8M | 50x | as long as short |
Kalshi KXWLDPERP
Variational Omni WLD
Orderly PERP_WLD_USDC
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid WLD | +0.0100% | 1h | 0.4557 | +0.083% | $47.1M | $40.7M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4557 | +0.077% | $215K | $981K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4554 | +0.025% | $51K | $482K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4552 | −0.032% | $86.0M | $291.7M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4548 | −0.110% | $65.1M | $80.1M | 50x | as long as short |
| Gate WLD_USDTlong | +0.0100% | 8h | 0.4553 | long leg | $7.5M | $34.5M | 75x | |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4551 | −0.044% | $52.9M | $47.1M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4546 | −0.154% | $30.1M | $25.1M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4553 | 0.000% | — | $67.9M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4555 | +0.033% | $129K | $275K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4538 | −0.330% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4547 | −0.128% | $614K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4543 | −0.220% | $55K | $226K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4552 | −0.026% | $54K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4558 | +0.110% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4545 | −0.176% | $197 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4558 | +0.110% | $860K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4553 | 0.000% | $1.8M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4543 | −0.220% | $133K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4547 | −0.130% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4551 | −0.048% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0217% / S −0.0307% | 1h | 0.4554 | +0.021% | $12K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4539 | −0.307% | $4.9M | $801K | 75x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4622 | +1.515% | $6K | $139K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4544 | −0.198% | $279K | $1.6M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0448% | 1h | 0.4557 | +0.086% | $326 | $77 | 5x | as long as short |
| Lighter WLD | +0.1056% | 1h | 0.4563 | +0.226% | $5.1M | $2.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSDshort | +0.1097% | 1h | 0.4546 | −0.148% | $922K | $2.6M | 50x |
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
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]
BloFin WLD-USDT
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
01 Exchange WLDUSD
Lighter WLD