Funding you earn now, next payment 05:00 UTC−0.0420%/8h= −45.9% APRpaid last 24h −0.047%
Price spread now: Bybit against Kraken Futures−0.135%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)−0.279%−$28 · spread now −0.135%, 7d avg −0.073%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.063% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.152% in total (about -7.9% 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 | 0.4570 | 0.0520 | pay 0.0065% / 1h | 59m 00s | $882K | $2.8M | 50x |
| Short | Bybit WLDUSDT | 0.4564 | 0.0100 | get 0.0100% / 8h | 3h 59m | $65.0M | $89.6M | 50x |
Kraken Futures PF_WLDUSD
Bybit WLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$88.12
- Price spread: −0.135% → −0.073%
- −$6.26
- Slippage, 4 orders
- −$29.75
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$145.13
- Costs to cover
- 0.508%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Bybit: 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 Kraken Futures live order book, 5 min ago | 6.57 bp | 17.5 bp −$17 | 35.1 bp −$351 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.10 bp | 8.6 bp −$9 | 16.4 bp −$164 | 116.7 bp −$11.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps WLD-USD | −0.0106% | 1h | 0.4570 | +0.005% | $40K | $2.2M | 10x | as long as short |
| Nado WLD-PERP | −0.0089% | 1h | 0.4572 | +0.040% | $242K | $205K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4566 | −0.099% | $156K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4566 | −0.092% | $54K | $4.6M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4570 | −0.004% | $124K | $963K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4571 | +0.013% | $66K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0010% | 8h | 0.4564 | −0.135% | $6.9M | $11.7M | 50x | as long as short |
| Lighter WLD | +0.0096% | 1h | 0.4573 | +0.066% | $5.1M | $2.5M | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4569 | −0.026% | $28K | $885K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4570 | +0.002% | $212K | $1.1M | 50x | as long as short |
Polymarket Perps WLD-USD
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Lighter WLD
Orderly PERP_WLD_USDC
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4575 | +0.113% | $49K | $525K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4568 | −0.056% | $86.6M | $329.1M | 75x | as long as short |
| Bybit WLDUSDTshort | +0.0100% | 8h | 0.4564 | −0.135% | $65.0M | $89.6M | 50x | |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4564 | −0.135% | $34.3M | $150.0M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4565 | −0.113% | $7.2M | $36.0M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4568 | −0.048% | $43.4M | $54.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4563 | −0.157% | $30.2M | $30.2M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4568 | −0.048% | — | $67.5M | — | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4567 | −0.076% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4565 | −0.114% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4567 | −0.070% | $604K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4567 | −0.070% | $43K | $238K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4575 | +0.105% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4567 | −0.070% | $174 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4567 | −0.070% | $835K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4569 | −0.026% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4563 | −0.163% | $220K | $981K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4571 | +0.011% | $31K | $600 | 3x | as long as short |
| Backpack WLD_USDC_PERP | +0.0132% | 1h | 0.4567 | −0.061% | $136K | $299K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4571 | +0.023% | — | — | 20x | as long as short |
| Injective WLD/USDC PERP | +0.0142% | 1h | 0.4583 | +0.280% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLD | +0.0158% | 1h | 0.4567 | −0.081% | $5K | $51K | 10x | as long as short |
| Hyperliquid WLD | +0.0210% | 1h | 0.4570 | +0.005% | $50.2M | $43.4M | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4573 | +0.062% | $4.9M | $831K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4571 | +0.011% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0240% | 1h | 0.4573 | +0.070% | $327 | $80 | 5x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.0520% | 1h | 0.4570 | long leg | $882K | $2.8M | 50x | |
| Coinbase International WLD-PERP-INTX | +0.0560% | 1h | 0.4580 | +0.215% | $269K | $1.7M | 50x | as long as short |
Pacifica WLD
Binance WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
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
Backpack WLD_USDC_PERP
Reya WLDRUSDPERP
Injective WLD/USDC PERP
Phoenix WLD
Hyperliquid WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX