Funding you earn now, next payment 22:00 UTC−0.1010%/8h= −110.6% APRpaid last 24h +0.033%
Price spread now: MEXC against Kraken Futures−0.206%51s7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as 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−$430.430% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 3 days (all we have)−0.173%−$17 · spread now −0.206%, 7d avg −0.052%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and MEXC is 0.154% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.052%). Swap the legs. The two prices were read 51 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 -0.097% in total (about -5.1% 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 | 0.4529 | 0.1101 | pay 0.0138% / 1h | 9m 26s | $921K | $2.6M | 50x |
| Short | MEXC WLD_USDT | 0.4520 | 0.0091 | get 0.0091% / 8h | 2h 09m | $52.5M | $48.1M | 300x |
Kraken Futures PF_WLDUSD
MEXC WLD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$212.18
- Price spread: −0.206% → −0.052%
- −$15.38
- Slippage, 4 orders
- −$33.05
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$270.6
- Costs to cover
- 0.430%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; MEXC: live order book, 10 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, 4 min ago | 1.11 bp | 23.8 bp −$24 | 41.3 bp −$413 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 10 min ago | 1.10 bp | 1.1 bp −$1 | 5.4 bp −$54 | 19.2 bp −$1,918 | 65.1 bp −$32.6K |
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 | −0.0489% | 8h | 0.4528 | −0.029% | $45K | $3.8M | 1.7x | as long as short |
| Orderly PERP_WLD_USDC | −0.0018% | 8h | 0.4527 | −0.051% | $28K | $916K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4526 | −0.067% | $154K | $6K | 10x | as long as short |
| KuCoin WLDUSDTM | 0.0000% | 8h | 0.4524 | −0.118% | $7.0M | $10.7M | 50x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4528 | −0.029% | $123K | $911K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4528 | −0.040% | $56K | — | 150x | as long as short |
| Variational Omni WLD | +0.0006% | 8h | 0.4520 | −0.197% | $2.1M | $1.7M | — | as long as short |
| Nado WLD-PERP | +0.0037% | 1h | 0.4522 | −0.156% | $271K | $169K | 5x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4522 | −0.160% | $5K | $52K | 10x | as long as short |
| OKX WLD-USDT-SWAP | +0.0086% | 8h | 0.4520 | −0.206% | $33.8M | $137.7M | 50x | as long as short |
Kalshi KXWLDPERP
Orderly PERP_WLD_USDC
dYdX WLD-USD
KuCoin WLDUSDTM
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Variational Omni WLD
Nado WLD-PERP
Phoenix WLD
OKX WLD-USDT-SWAPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC WLD_USDTshort | +0.0091% | 8h | 0.4520 | −0.206% | $52.5M | $48.1M | 300x | |
| Binance WLDUSDT | +0.0091% | 8h | 0.4522 | −0.163% | $85.0M | $293.0M | 75x | as long as short |
| Hyperliquid WLD | +0.0100% | 1h | 0.4523 | −0.140% | $46.5M | $41.3M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4525 | −0.099% | $214K | $975K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4524 | −0.117% | $51K | $481K | 5x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4520 | −0.206% | $64.4M | $80.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4521 | −0.184% | $7.3M | $34.8M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4520 | −0.206% | $30.0M | $25.1M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4522 | −0.162% | — | $68.1M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4527 | −0.060% | $128K | $269K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4520 | −0.209% | $27K | $314K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4529 | −0.018% | $607K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4523 | −0.140% | $54K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4520 | −0.206% | $51K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4534 | +0.103% | $22K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4526 | −0.073% | $197 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4520 | −0.206% | $853K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4526 | −0.073% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4519 | −0.225% | $132K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4528 | −0.028% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4519 | −0.223% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0209% | 8h | 0.4528 | −0.029% | $4.9M | $810K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0217% / S −0.1712% | 1h | 0.4528 | −0.025% | $9K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0312% | 1h | 0.4525 | −0.107% | $324 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4542 | +0.280% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4532 | +0.059% | $278K | $1.6M | 50x | as long as short |
| Lighter WLD | +0.0944% | 1h | 0.4532 | +0.063% | $5.1M | $2.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.1101% | 1h | 0.4529 | long leg | $921K | $2.6M | 50x |
Binance WLDUSDT
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Bybit WLDUSDT
Gate WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
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
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
Lighter WLD