Funding you earn now, next payment 00:00 UTC−0.0618%/8h= −67.6% APRpaid last 24h +0.024%
Price spread now: Bitget against Kraken Futures−0.249%48s7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as 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−$560.561% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.249%, 7d avg −0.093%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bitget is 0.156% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.093%). Swap the legs. The two prices were read 48 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 -0.030% in total (about -1.6% 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 | Kraken Futures PF_WLDUSD | 0.4582 | 0.0718 | pay 0.0090% / 1h | 2m 25s | $903K | $2.7M | 50x |
| Short | Bitget WLDUSDT | 0.4571 | 0.0100 | get 0.0100% / 8h | 2m 25s | $30.2M | $26.1M | 75x |
Kraken Futures PF_WLDUSD
Bitget WLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. 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
- −$129.7
- Price spread: −0.249% → −0.093%
- −$15.61
- Slippage, 4 orders
- −$34.09
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$201.4
- Costs to cover
- 0.561%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Bitget: live order book, 6 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 Kraken Futures live order book, 1 min ago | 5.46 bp | 21.1 bp −$21 | 35.2 bp −$352 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 6 min ago | 1.09 bp | 11.1 bp −$11 | 19.6 bp −$196 | 39.0 bp −$3,902 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0185% | 8h | 0.4579 | −0.074% | $70K | $3.9M | 1.7x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4579 | −0.067% | $163K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4580 | −0.052% | $122K | $897K | 25x | as long as short |
| KuCoin WLDUSDTM | +0.0002% | 8h | 0.4569 | −0.292% | $6.9M | $11.0M | 50x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4573 | −0.201% | $56K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0038% | 8h | 0.4572 | −0.227% | $28K | $906K | 10x | as long as short |
| Nado WLD-PERP | +0.0040% | 1h | 0.4576 | −0.140% | $276K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4576 | −0.150% | $191K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4578 | −0.085% | $54K | $487K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4572 | −0.227% | $86.5M | $303.8M | 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 | 0.4572 | −0.227% | $65.8M | $82.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4572 | −0.227% | $34.2M | $143.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4573 | −0.205% | $7.5M | $36.0M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4572 | −0.227% | $45.7M | $53.4M | 300x | as long as short |
| Bitget WLDUSDTshort | +0.0100% | 8h | 0.4571 | −0.249% | $30.2M | $26.1M | 75x | |
| BingX WLD-USDC | +0.0100% | 8h | 0.4573 | −0.205% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4581 | −0.035% | $136K | $283K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4567 | −0.339% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4574 | −0.191% | $27K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4581 | −0.029% | $608K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4574 | −0.183% | $55K | $229K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4573 | −0.199% | $48K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4585 | +0.057% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4579 | −0.074% | $219 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4577 | −0.118% | $852K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4577 | −0.118% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4572 | −0.235% | $231K | $847K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4573 | −0.203% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0104% | 1h | 0.4580 | −0.063% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4571 | −0.252% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4582 | −0.009% | $4.8M | $823K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4572 | −0.225% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0264% | 1h | 0.4576 | −0.144% | $327 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0373% | 1h | 0.4585 | +0.057% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4588 | +0.122% | $272K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0524% | 1h | 0.4580 | −0.048% | $50.8M | $43.6M | 10x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.0718% | 1h | 0.4582 | long leg | $903K | $2.7M | 50x | |
| Lighter WLD | +0.1280% | 1h | 0.4588 | +0.124% | $5.2M | $2.0M | 10x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
BingX WLD-USDC
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
Phoenix WLD
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD