Funding you earn now, next payment 02:00 UTC−0.0870%/8h= −95.3% APRnext payment −$1.09 per $10,000 · paid last 24h +0.030%
Price spread now: Injective against Kraken Futures−2.075%63s7-day average +0.143% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 3 days (all we have)+2.244%+$224 · spread now −2.075%, 7d avg +0.143%
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Injective is 2.218% cheaper against Kraken Futures than usual: you would sell low and buy high (−$222 if the spread goes back to its 7-day average of +0.143%). Swap the legs. The two prices were read 63 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 -0.091% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.09 per $10,000. 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 | 0.4713 | 0.0635 | pay 0.0079% / 1h | 25m 57s | $920K | $2.9M | 50x |
| Short | Injective WLD/USDC PERP | 0.4615 | −0.0235 | pay 0.0029% / 1h | 25m 57s | $6K | $185K | 5.5x |
Kraken Futures PF_WLDUSD
Injective WLD/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$182.73
- Price spread: −2.075% → +0.143%
- −$221.82
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$414.57
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Injective: live order book, 8 min ago. 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 Kraken Futures live order book, 3 min ago | 5.34 bp | 18.3 bp −$18 | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell Injective live order book, 8 min ago | 61.80 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
WLD on 37 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective WLD/USDC PERPshort | −0.0235% | 1h | 0.4615 | −2.075% | $6K | $185K | 5.5x | |
| Kalshi KXWLDPERP | −0.0152% | 8h | 0.4713 | +0.004% | $44K | $4.4M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0048% | 8h | 0.4707 | −0.123% | $7.1M | $11.5M | 50x | as long as short |
| Nado WLD-PERP | −0.0012% | 1h | 0.4714 | +0.036% | $274K | $189K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4710 | −0.055% | $161K | $19K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4708 | −0.102% | $130K | $895K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4706 | −0.149% | $57K | — | 150x | as long as short |
| Gate WLD_USDT | +0.0046% | 8h | 0.4709 | −0.081% | $7.4M | $37.6M | 75x | as long as short |
| ApeX Omni WLDUSDT | +0.0057% | 1h | 0.4659 | −1.142% | $51K | $237K | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0058% | 8h | 0.4707 | −0.123% | $29K | $897K | 10x | as long as short |
Kalshi KXWLDPERP
KuCoin WLDUSDTM
Nado WLD-PERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Gate WLD_USDT
ApeX Omni WLDUSDT
Orderly PERP_WLD_USDCShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix WLD | +0.0068% | 1h | 0.4648 | −1.377% | $5K | $54K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4713 | +0.011% | $181K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4713 | −0.006% | $57K | $506K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4709 | −0.081% | $89.4M | $324.4M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4710 | −0.059% | $67.7M | $87.2M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4710 | −0.059% | $35.4M | $153.9M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4710 | −0.059% | $46.7M | $55.8M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4707 | −0.123% | $31.3M | $29.2M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4708 | −0.102% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4711 | −0.047% | $139K | $292K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4705 | −0.171% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4659 | −1.148% | $28K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4662 | −1.078% | $619K | $1.9M | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4719 | +0.127% | $57K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4715 | +0.047% | $24K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4708 | −0.102% | $222 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4712 | −0.017% | $892K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4709 | −0.081% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4708 | −0.098% | $217K | $886K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4709 | −0.091% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4717 | +0.095% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4705 | −0.171% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4719 | +0.134% | $338 | $77 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0456% | 1h | 0.4716 | +0.068% | $282K | $1.8M | 50x | as long as short |
| Hyperliquid WLD | +0.0583% | 1h | 0.4717 | +0.083% | $52.5M | $44.2M | 10x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.0635% | 1h | 0.4713 | long leg | $920K | $2.9M | 50x | |
| Lighter WLD | +0.0848% | 1h | 0.4718 | +0.112% | $5.4M | $2.1M | 10x | as long as short |
Phoenix WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD