Funding you earn now, next payment 06:00 UTC+0.0410%/8h= +44.9% APRpaid last 24h +0.026%
Price spread now: Deribit against Kalshi0.000%56s7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$460.457% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)+0.202%+$20 · spread now 0.000%, 7d avg +0.166%
=Funding pays, the price is against you. Deribit is 0.166% cheaper against Kalshi than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.166%). If the spread goes back, that is −$17 on $10k: about 32 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.121% in total) that is about 9.6 days. The two prices were read 56 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 0.121% in total (about 6.3% 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 | Kalshi KXWLDPERP | 0.4548 | 0 | get 0.0000% / 8h | 6h 14m | $47K | $4.8M | 1.7x |
| Short | Deribit WLD_USDC-PERPETUAL | 0.4548 | 0.0410 | get 0.0051% / 1h | 14m 21s | $145K | $1.0M | 25x |
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Kalshi. 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
- $86.11
- Price spread: 0.000% → +0.166%
- −$16.57
- Slippage, 4 orders
- −$28.65
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $23.89
- Costs to cover
- 0.457%
- Break-even
- 5.1 days
Slippage from Kalshi: live order book, 4 min ago; Deribit: 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 Kalshi live order book, 4 min ago | 1.10 bp | 21.5 bp −$22 | 30.3 bp −$303 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 5 min ago | 5.51 bp | 9.0 bp −$9 | 17.7 bp −$177 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0049% | 1h | 0.4542 | −0.121% | $242K | $209K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4543 | −0.119% | $155K | $33K | 10x | as long as short |
| Kalshi KXWLDPERPlong | 0.0000% | 8h | 0.4548 | long leg | $47K | $4.8M | 1.7x | |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4544 | −0.091% | $66K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0053% | 8h | 0.4541 | −0.154% | $6.7M | $11.9M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0056% | 1h | 0.4545 | −0.077% | $325 | $55 | 5x | as long as short |
| Polymarket Perps WLD-USD | +0.0084% | 1h | 0.4541 | −0.145% | $40K | $2.4M | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4545 | −0.066% | $28K | $792K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4545 | −0.076% | $227K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4543 | −0.099% | $50K | $539K | 5x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
01 Exchange WLDUSD
Polymarket Perps WLD-USD
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 | 0.4545 | −0.063% | $86.6M | $338.4M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4545 | −0.066% | $64.8M | $91.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4546 | −0.044% | $34.3M | $154.7M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4544 | −0.088% | $7.2M | $37.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4544 | −0.088% | $39.5M | $56.1M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4546 | −0.044% | $30.0M | $31.1M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4544 | −0.088% | — | $70.1M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4543 | −0.099% | $135K | $300K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4542 | −0.137% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4542 | −0.135% | $27K | $321K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4535 | −0.286% | $605K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4544 | −0.088% | $48K | $240K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4550 | +0.044% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4547 | −0.022% | $211 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4540 | −0.176% | $831K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4543 | −0.110% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4545 | −0.059% | $222K | $999K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4545 | −0.060% | $31K | $500 | 3x | as long as short |
| Lighter WLD | +0.0120% | 1h | 0.4548 | −0.002% | $4.9M | $2.9M | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4542 | −0.131% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0142% | 1h | 0.4534 | −0.312% | $5K | $52K | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0176% | 1h | 0.4544 | −0.088% | $6K | $185K | 5.5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4544 | −0.092% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4541 | −0.154% | $4.8M | $922K | 75x | as long as short |
| Hyperliquid WLD | +0.0312% | 1h | 0.4550 | +0.040% | $49.4M | $44.2M | 10x | as long as short |
| Deribit WLD_USDC-PERPETUALshort | +0.0410% | 1h | 0.4548 | 0.000% | $145K | $1.0M | 25x | |
| Kraken Futures PF_WLDUSD | +0.0498% | 1h | 0.4550 | +0.037% | $866K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0536% | 1h | 0.4553 | +0.110% | $277K | $1.7M | 50x | 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
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Lighter WLD
Reya WLDRUSDPERP
Phoenix WLD
Injective WLD/USDC PERP
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX