Funding you earn now, next payment 23:00 UTC−0.0125%/8h= −13.7% APRnext payment −$0.16 per $10,000 · paid last 24h −0.053%
Price spread now: Phoenix against GMX+0.541%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+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 0.541% dearer against GMX than usual: you sell high and buy low (spread +0.541% now, against zero (this spread has no 7-day history yet)): +$54 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX WLD/USD [ETH-USDC] | 0.4567 | L +0.0229% / S −0.1268% | pay 0.0029% / 1h | 5m 32s | $5K | — | 100x |
| Short | Phoenix WLD | 0.4592 | 0.0104 | get 0.0013% / 1h | 5m 32s | $5K | $53K | 10x |
GMX WLD/USD [ETH-USDC]
Phoenix WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GMX. 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
- −$26.18
- Price spread: +0.541% → 0.000%
- $54.15
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $8.97
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
GMX and 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 | −0.0186% | 8h | 0.4569 | +0.042% | $65K | $3.9M | 1.7x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4571 | +0.084% | $163K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4569 | +0.042% | $122K | $897K | 25x | as long as short |
| KuCoin WLDUSDTM | +0.0003% | 8h | 0.4570 | +0.064% | $6.9M | $11.0M | 50x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4575 | +0.178% | $56K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0036% | 8h | 0.4568 | +0.020% | $28K | $906K | 10x | as long as short |
| Nado WLD-PERP | +0.0040% | 1h | 0.4572 | +0.108% | $275K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4572 | +0.111% | $191K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4571 | +0.083% | $53K | $487K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4575 | +0.174% | $86.5M | $303.6M | 75x | as long as short |
Kalshi KXWLDPERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
KuCoin WLDUSDTM
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
Nado WLD-PERP
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4574 | +0.152% | $65.7M | $82.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4573 | +0.130% | $34.2M | $143.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4569 | +0.042% | $7.5M | $36.0M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4574 | +0.152% | $45.7M | $53.4M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4573 | +0.130% | $30.2M | $26.1M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4570 | +0.064% | — | $67.1M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4572 | +0.104% | $136K | $283K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4567 | −0.004% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4574 | +0.144% | $27K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4582 | +0.317% | $605K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4572 | +0.108% | $55K | $229K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4576 | +0.202% | $48K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4575 | +0.174% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4570 | +0.064% | $213 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4567 | −0.002% | $850K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4570 | +0.064% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4570 | +0.056% | $231K | $847K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4570 | +0.073% | $31K | $5K | 3x | as long as short |
| Phoenix WLDshort | +0.0104% | 1h | 0.4592 | +0.541% | $5K | $53K | 10x | |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4573 | +0.138% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4577 | +0.217% | $4.8M | $822K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC]long | L +0.0229% / S −0.1268% | 1h | 0.4567 | long leg | $5K | — | 100x | |
| 01 Exchange WLDUSD | +0.0264% | 1h | 0.4577 | +0.222% | $327 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0373% | 1h | 0.4585 | +0.393% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4574 | +0.152% | $271K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0506% | 1h | 0.4582 | +0.333% | $50.8M | $43.6M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0719% | 1h | 0.4573 | +0.139% | $900K | $2.7M | 50x | as long as short |
| Lighter WLD | +0.1280% | 1h | 0.4580 | +0.292% | $5.2M | $2.0M | 10x | as long as short |
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
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
BloFin WLD-USDT
01 Exchange WLDUSD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD