Funding you earn now, next payment 09:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.093%
Price spread now: dYdX against Kraken Futures−0.126%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1401.400% of the position
Funding, last 7 days−0.308%−$31 on $10k
+Price spread, last 4 days (all we have)−0.478%−$48 · spread now −0.126%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and dYdX is 0.097% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_WLDUSD | 0.4562 | 0.0300 | pay 0.0038% / 1h | 2m 25s | $904K | $2.7M | 50x |
| Short | dYdX WLD-USD | 0.4556 | 0.0124 | get 0.0015% / 1h | 2m 25s | $155K | $31K | 10x |
Kraken Futures PF_WLDUSD
dYdX WLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$37.02
- Price spread: −0.126% → −0.029%
- −$9.73
- Slippage, 4 orders
- −$120.01
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$186.76
- Costs to cover
- 1.400%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; dYdX: live order book, 32 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 | 6.58 bp | 18.7 bp −$19 | 27.9 bp −$279 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 32 min ago | 2.22 bp | 44.8 bp −$45 | 169.9 bp −$1,699 | 209.7 bp −$21.0K | 594.3 bp −$297.2K |
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 | −0.0046% | 1h | 0.4553 | −0.187% | $236K | $171K | 5x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4554 | −0.165% | $36K | $4.5M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4556 | −0.121% | $120K | $973K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4555 | −0.145% | $66K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4550 | −0.253% | $27K | $517K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4553 | −0.192% | $216K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4555 | −0.143% | $55K | $539K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4550 | −0.253% | $86.9M | $331.3M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4550 | −0.253% | $65.4M | $89.1M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4547 | −0.318% | $34.6M | $149.8M | 50x | as long as short |
Nado WLD-PERP
Kalshi KXWLDPERP
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 | 0.4551 | −0.231% | $7.2M | $35.2M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4550 | −0.253% | $41.9M | $57.4M | 300x | as long as short |
| KuCoin WLDUSDTM | +0.0100% | 8h | 0.4550 | −0.253% | $6.7M | $11.6M | 50x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4551 | −0.231% | $30.0M | $30.9M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4550 | −0.253% | — | $20.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4557 | −0.097% | $128K | $285K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4556 | −0.127% | $2.1M | $1.5M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4550 | −0.259% | $27K | $322K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4554 | −0.172% | $604K | $2.2M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4549 | −0.275% | $48K | $237K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4555 | −0.143% | $49K | $2.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4559 | −0.055% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4558 | −0.077% | $228 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4548 | −0.296% | $834K | $1.4M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4556 | −0.121% | $1.7M | $3.6M | 50x | as long as short |
| Lighter WLD | +0.0104% | 1h | 0.4560 | −0.044% | $5.0M | $3.0M | 10x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4552 | −0.213% | $215K | $806K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4558 | −0.070% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0109% | 1h | 0.4508 | −1.173% | $6K | $185K | 5.5x | as long as short |
| dYdX WLD-USDshort | +0.0124% | 1h | 0.4556 | −0.126% | $155K | $31K | 10x | |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4552 | −0.203% | — | — | 20x | as long as short |
| Hyperliquid WLD | +0.0137% | 1h | 0.4559 | −0.064% | $50.7M | $43.1M | 10x | as long as short |
| 01 Exchange WLDUSD | +0.0152% | 1h | 0.4553 | −0.193% | $326 | $55 | 5x | as long as short |
| Phoenix WLD | +0.0194% | 1h | 0.4564 | +0.048% | $4K | $44K | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4557 | −0.108% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4554 | −0.165% | $4.4M | $959K | 75x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.0300% | 1h | 0.4562 | long leg | $904K | $2.7M | 50x | |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4560 | −0.033% | $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
Reya WLDRUSDPERP
Hyperliquid WLD
01 Exchange WLDUSD
Phoenix WLD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX