WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0187%/8h= −20.4% APRnext payment −$0.23 per $10,000 · paid last 24h −0.007%

Price spread now: Deribit against Kraken Futures−0.162%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$490.495% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.174%−$17 on $10k

Price spread, last 3 days (all we have)+0.192%+$19 · spread now −0.162%, 7d avg −0.006%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Deribit 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 −0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WLDUSD	0.4567	0.0187	pay 0.0023% / 1h	32m 07s	$905K	$2.6M	50x
Short	Deribit WLD_USDC-PERPETUAL	0.4560	0	get 0.0000% / 1h	32m 07s	$107K	$900K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee DeribitbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$39.19
Price spread: −0.162% → −0.006%: −$15.57
Slippage, 4 orders: −$32.47
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$104.22
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Deribit: live order book, 52 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, 2 min ago	6.55 bp	22.8 bp −$23	39.7 bp −$397	doesn't fit	doesn't fit
Sell Deribit live order book, 52 min ago	2.19 bp	9.4 bp −$9	doesn't fit	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
Kalshi KXWLDPERP	−0.0359%	8h	0.4566	−0.030%	$62K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+1.218%	$6K	$185K	5.5x	as long as short
KuCoin WLDUSDTM	−0.0004%	8h	0.4557	−0.227%	$7.0M	$10.7M	50x	as long as short
Orderly PERP_WLD_USDC	−0.0003%	8h	0.4560	−0.162%	$28K	$913K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4568	+0.009%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4560	−0.162%	$107K	$900K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4561	−0.140%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0056%	8h	0.4588	+0.451%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0064%	1h	0.4559	−0.173%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4563	−0.106%	$202K	$988K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4572	+0.094%	$51K	$480K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4564	−0.074%	$86.5M	$297.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4563	−0.096%	$65.4M	$81.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4559	−0.184%	$34.1M	$140.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4560	−0.162%	$7.4M	$35.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4563	−0.096%	$48.2M	$51.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4558	−0.205%	$30.1M	$25.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4559	−0.184%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4561	−0.131%	$127K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4585	+0.382%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.320%	$625K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	+0.451%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4560	−0.153%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4566	−0.030%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4561	−0.140%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	−0.205%	$860K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4560	−0.162%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4559	−0.190%	$239K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4557	−0.222%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4577	+0.213%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4559	−0.186%	—	—	20x	as long as short
Kraken Futures PF_WLDUSDlong	+0.0187%	1h	0.4567	long leg	$905K	$2.6M	50x
BloFin WLD-USDT	+0.0220%	8h	0.4577	+0.211%	$4.9M	$813K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4568	+0.016%	$327	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4560	−0.168%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4562	−0.118%	$269K	$1.6M	50x	as long as short
Lighter WLD	+0.0928%	1h	0.4571	+0.075%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.0931%	1h	0.4566	−0.037%	$49.6M	$43.1M	10x	as long as short