Funding you earn now, next payment 21:00 UTC−0.0322%/8h= −35.3% APRnext payment −$0.40 per $10,000 · paid last 24h −0.053%
Price spread now: Phoenix against Injective−0.792%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−0.051%−$5 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 −$10 a day on $10k at the current rate, and Phoenix is 0.792% cheaper against Injective than usual: you would sell low and buy high (−$79 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.40 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 | Injective WLD/USDC PERP | 0.4622 | 0.0374 | pay 0.0047% / 1h | 47m 23s | $6K | $139K | 5.5x |
| Short | Phoenix WLD | 0.4585 | 0.0052 | get 0.0006% / 1h | 47m 23s | $5K | $52K | 10x |
Injective WLD/USDC PERP
Phoenix WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. 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
- −$67.66
- Price spread: −0.792% → 0.000%
- −$79.19
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$153.87
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 7 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 Injective live order book, 7 min ago | 49.15 bp | doesn't fit | doesn't fit | 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 | −0.0508% | 8h | 0.4567 | −1.190% | $34K | $3.8M | 1.7x | as long as short |
| Variational Omni WLD | −0.0055% | 8h | 0.4588 | −0.746% | $2.1M | $1.7M | — | as long as short |
| Orderly PERP_WLD_USDC | −0.0028% | 8h | 0.4560 | −1.341% | $28K | $918K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4562 | −1.287% | $156K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4562 | −1.298% | $153K | $768K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4561 | −1.320% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0016% | 8h | 0.4555 | −1.450% | $7.0M | $10.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0046% | 8h | 0.4558 | −1.385% | $34.4M | $136.9M | 50x | as long as short |
| Phoenix WLDshort | +0.0052% | 1h | 0.4585 | −0.792% | $5K | $52K | 10x | |
| Nado WLD-PERP | +0.0054% | 1h | 0.4556 | −1.439% | $272K | $168K | 5x | 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
Nado WLD-PERPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0078% | 8h | 0.4560 | −1.341% | $67.0M | $78.4M | 50x | as long as short |
| ApeX Omni WLDUSDT | +0.0084% | 1h | 0.4590 | −0.692% | $55K | $227K | 50x | as long as short |
| MEXC WLD_USDT | +0.0094% | 8h | 0.4560 | −1.341% | $53.1M | $46.7M | 300x | as long as short |
| Binance WLDUSDT | +0.0095% | 8h | 0.4560 | −1.341% | $86.3M | $290.1M | 75x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4563 | −1.273% | $209K | $977K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4564 | −1.254% | $53K | $473K | 5x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4561 | −1.320% | $7.5M | $34.1M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4559 | −1.363% | $30.2M | $25.0M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4560 | −1.341% | — | $67.9M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4570 | −1.127% | $128K | $277K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4558 | −1.384% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4566 | −1.209% | $618K | $1.9M | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4558 | −1.387% | $55K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4563 | −1.277% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4558 | −1.385% | $197 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4558 | −1.385% | $858K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4558 | −1.385% | $1.9M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4558 | −1.382% | $133K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4560 | −1.338% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4559 | −1.360% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0215% | 8h | 0.4558 | −1.385% | $5.0M | $834K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0217% / S −0.0307% | 1h | 0.4560 | −1.344% | $12K | — | 100x | as long as short |
| Hyperliquid WLD | +0.0248% | 1h | 0.4562 | −1.296% | $47.3M | $40.5M | 10x | as long as short |
| Injective WLD/USDC PERPlong | +0.0374% | 1h | 0.4622 | long leg | $6K | $139K | 5.5x | |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4574 | −1.039% | $275K | $1.6M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0648% | 1h | 0.4565 | −1.244% | $327 | $77 | 5x | as long as short |
| Lighter WLD | +0.1088% | 1h | 0.4570 | −1.134% | $5.1M | $2.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1094% | 1h | 0.4561 | −1.319% | $917K | $2.5M | 50x | as long as short |
Bybit WLDUSDT
ApeX Omni WLDUSDT
MEXC WLD_USDT
Binance WLDUSDT
Aster WLDUSDT
Pacifica WLD
Gate WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
edgeX WLDUSDC
GRVT WLD_USDT_Perp
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
GMX WLD/USD [ETH-USDC]
Hyperliquid WLD
Coinbase International WLD-PERP-INTX
01 Exchange WLDUSD
Lighter WLD
Kraken Futures PF_WLDUSD