Funding you earn now, next payment 20:00 UTC−0.0191%/8h= −20.9% APRpaid last 24h +0.015%
Price spread now: Phoenix against HTX+1.121%72s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.072%−$7 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 1.121% dearer against HTX than usual: you sell high and buy low (spread +1.121% now, against zero (this spread has no 7-day history yet)): +$112 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 7 days (−0.072% in total) that is about 4 months. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.7% 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 | HTX WLD-USDT | 0.4586 | 0.0100 | pay 0.0100% / 8h | 2h 53m | $863K | $1.7M | 50x |
| Short | Phoenix WLD | 0.4637 | −0.0091 | pay 0.0011% / 1h | 53m 51s | $5K | $52K | 10x |
HTX WLD-USDT
Phoenix WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- −$40.12
- Price spread: +1.121% → 0.000%
- $112.08
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $52.96
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: HTX: live order book, 5 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 HTX live order book, 5 min ago | 14.03 bp | 41.8 bp −$42 | 283.6 bp −$2,836 | 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 | −0.0340% | 8h | 0.4597 | +0.240% | $31K | $3.7M | 1.7x | as long as short |
| Phoenix WLDshort | −0.0091% | 1h | 0.4637 | +1.121% | $5K | $52K | 10x | |
| Variational Omni WLD | −0.0069% | 8h | 0.4630 | +0.970% | $2.1M | $1.7M | — | as long as short |
| Orderly PERP_WLD_USDC | −0.0029% | 8h | 0.4586 | 0.000% | $28K | $921K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4594 | +0.174% | $157K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4588 | +0.044% | $154K | $782K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4591 | +0.100% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0012% | 8h | 0.4590 | +0.087% | $7.0M | $10.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0035% | 8h | 0.4592 | +0.131% | $34.6M | $137.6M | 50x | as long as short |
| Bybit WLDUSDT | +0.0058% | 8h | 0.4595 | +0.196% | $67.5M | $78.6M | 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
OKX WLD-USDT-SWAP
Bybit WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC WLD_USDT | +0.0086% | 8h | 0.4594 | +0.174% | $54.3M | $46.2M | 300x | as long as short |
| Binance WLDUSDT | +0.0087% | 8h | 0.4595 | +0.196% | $87.7M | $288.7M | 75x | as long as short |
| Nado WLD-PERP | +0.0089% | 1h | 0.4591 | +0.120% | $355K | $127K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4592 | +0.131% | $210K | $977K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4596 | +0.228% | $55K | $475K | 5x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4589 | +0.065% | $7.5M | $33.9M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4593 | +0.153% | $30.3M | $25.0M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4594 | +0.174% | — | $67.9M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4591 | +0.116% | $129K | $282K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4629 | +0.943% | $27K | $314K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4633 | +1.032% | $627K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4632 | +1.003% | $55K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4593 | +0.155% | $56K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4593 | +0.153% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4588 | +0.044% | $198 | $5K | 10x | as long as short |
| HTX WLD-USDTlong | +0.0100% | 8h | 0.4586 | long leg | $863K | $1.7M | 50x | |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4589 | +0.065% | $1.9M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4592 | +0.132% | $134K | $744K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4589 | +0.067% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4592 | +0.133% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0207% | 8h | 0.4616 | +0.654% | $5.0M | $884K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0223% / S −0.1831% | 1h | 0.4591 | +0.106% | $9K | — | 100x | as long as short |
| Hyperliquid WLD | +0.0344% | 1h | 0.4594 | +0.179% | $47.7M | $40.3M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4622 | +0.785% | $6K | $139K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4595 | +0.196% | $276K | $1.6M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0464% | 1h | 0.4628 | +0.925% | $331 | $77 | 5x | as long as short |
| Lighter WLD | +0.0872% | 1h | 0.4598 | +0.264% | $5.1M | $1.9M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1086% | 1h | 0.4592 | +0.120% | $921K | $2.5M | 50x | as long as short |
MEXC WLD_USDT
Binance WLDUSDT
Nado WLD-PERP
Aster WLDUSDT
Pacifica WLD
Gate 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
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Hyperliquid WLD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
01 Exchange WLDUSD
Lighter WLD
Kraken Futures PF_WLDUSD