Funding you earn now, next payment 08:00 UTC+0.0194%/8h= +21.3% APRpaid last 24h +0.042%
Price spread now: Phoenix against Kalshi+0.213%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.198%+$20 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.213% dearer against Kalshi than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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 | Kalshi KXWLDPERP | 0.4554 | 0 | get 0.0000% / 8h | 3h 03m | $36K | $4.5M | 1.7x |
| Short | Phoenix WLD | 0.4564 | 0.0194 | get 0.0024% / 1h | 3m 30s | $4K | $44K | 10x |
Kalshi KXWLDPERP
Phoenix WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $40.83
- Price spread: +0.213% → 0.000%
- $21.3
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $45.13
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Kalshi: 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 Kalshi live order book, 5 min ago | 4.40 bp | 9.4 bp −$9 | 18.2 bp −$182 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0047% | 1h | 0.4554 | 0.000% | $236K | $171K | 5x | as long as short |
| Kalshi KXWLDPERPlong | 0.0000% | 8h | 0.4554 | long leg | $36K | $4.5M | 1.7x | |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4557 | +0.066% | $120K | $973K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4555 | +0.030% | $66K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4555 | +0.022% | $27K | $524K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4556 | +0.042% | $216K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4555 | +0.026% | $55K | $539K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4553 | −0.015% | $87.0M | $331.5M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4554 | 0.000% | $65.4M | $89.3M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4553 | −0.022% | $34.6M | $150.1M | 50x | as long as short |
Nado WLD-PERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate WLD_USDT | +0.0100% | 8h | 0.4553 | −0.022% | $7.2M | $35.2M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4552 | −0.044% | $41.8M | $57.4M | 300x | as long as short |
| KuCoin WLDUSDTM | +0.0100% | 8h | 0.4551 | −0.066% | $6.7M | $11.6M | 50x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4553 | −0.022% | $30.0M | $30.9M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4553 | −0.022% | — | $20.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4556 | +0.040% | $128K | $285K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4556 | +0.038% | $2.1M | $1.5M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4550 | −0.095% | $27K | $322K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4554 | −0.007% | $604K | $2.2M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4549 | −0.110% | $48K | $237K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4556 | +0.044% | $49K | $2.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4561 | +0.154% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4556 | +0.044% | $223 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4548 | −0.132% | $834K | $1.4M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4557 | +0.066% | $1.7M | $3.6M | 50x | as long as short |
| Lighter WLD | +0.0104% | 1h | 0.4559 | +0.103% | $5.0M | $3.0M | 10x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4551 | −0.070% | $215K | $907K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4556 | +0.050% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0109% | 1h | 0.4508 | −1.010% | $6K | $185K | 5.5x | as long as short |
| dYdX WLD-USD | +0.0126% | 1h | 0.4556 | +0.039% | $155K | $31K | 10x | as long as short |
| Hyperliquid WLD | +0.0133% | 1h | 0.4561 | +0.152% | $50.7M | $43.1M | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4552 | −0.038% | — | — | 20x | as long as short |
| 01 Exchange WLDUSD | +0.0152% | 1h | 0.4558 | +0.079% | $326 | $55 | 5x | as long as short |
| Phoenix WLDshort | +0.0194% | 1h | 0.4564 | +0.213% | $4K | $44K | 10x | |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4556 | +0.053% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4551 | −0.066% | $4.3M | $959K | 75x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0300% | 1h | 0.4559 | +0.107% | $904K | $2.7M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4551 | −0.066% | $269K | $1.5M | 50x | as long as short |
Gate WLD_USDT
MEXC WLD_USDT
KuCoin WLDUSDTM
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
Lighter WLD
Extended WLD-USD
Aevo WLD-PERP
Injective WLD/USDC PERP
dYdX WLD-USD
Hyperliquid WLD
Reya WLDRUSDPERP
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX