Funding you earn now, next payment 01:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.011%
Price spread now: Phoenix against Nado−1.428%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Phoenix is 1.428% cheaper against Nado than usual: you would sell low and buy high (spread −1.428% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$143 on $10k: about 56 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado WLD-PERP | 0.4715 | −0.0016 | get 0.0002% / 1h | 27m 00s | $274K | $189K | 5x |
| Short | Phoenix WLD | 0.4648 | 0.0068 | get 0.0009% / 1h | 27m 00s | $5K | $54K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Nado. 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
- $17.74
- Price spread: −1.428% → 0.000%
- −$142.83
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$139.1
- Costs to cover
- 0.140%
- Break-even
- 61.9 days
Slippage unknown: Nado: live order book, 41 min ago; Phoenix: no order-book sample. 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 Nado live order book, 41 min ago | 11.10 bp | 15.2 bp −$15 | 43.6 bp −$436 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERP | −0.0235% | 1h | 0.4615 | −2.126% | $6K | $185K | 5.5x | as long as short |
| Kalshi KXWLDPERP | −0.0153% | 8h | 0.4705 | −0.217% | $46K | $4.4M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0049% | 8h | 0.4710 | −0.111% | $7.1M | $11.5M | 50x | as long as short |
| Nado WLD-PERPlong | −0.0016% | 1h | 0.4715 | long leg | $274K | $189K | 5x | |
| dYdX WLD-USD | 0.0000% | 1h | 0.4718 | +0.052% | $161K | $19K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4712 | −0.074% | $57K | — | 150x | as long as short |
| Gate WLD_USDT | +0.0039% | 8h | 0.4710 | −0.111% | $7.4M | $37.6M | 75x | as long as short |
| ApeX Omni WLDUSDT | +0.0057% | 1h | 0.4659 | −1.193% | $51K | $237K | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0058% | 8h | 0.4709 | −0.133% | $29K | $897K | 10x | as long as short |
| Phoenix WLDshort | +0.0068% | 1h | 0.4648 | −1.428% | $5K | $54K | 10x |
Show all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WLDUSDT | +0.0100% | 8h | 0.4710 | −0.108% | $181K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4715 | −0.014% | $57K | $506K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4712 | −0.071% | $89.5M | $324.2M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4710 | −0.111% | $67.7M | $87.3M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4709 | −0.133% | $35.4M | $153.8M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4710 | −0.111% | $47.4M | $55.7M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4711 | −0.090% | $31.3M | $29.2M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4710 | −0.111% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4713 | −0.041% | $139K | $293K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4652 | −1.346% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4659 | −1.199% | $28K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4662 | −1.129% | $619K | $1.9M | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4718 | +0.069% | $49K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4717 | +0.037% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4706 | −0.196% | $227 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4708 | −0.154% | $892K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4709 | −0.133% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4707 | −0.169% | $217K | $885K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4709 | −0.122% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4717 | +0.042% | — | — | 20x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0175% | 1h | 0.4710 | −0.111% | $130K | $895K | 25x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4712 | −0.070% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4718 | +0.067% | $338 | $77 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0456% | 1h | 0.4706 | −0.196% | $279K | $1.8M | 50x | as long as short |
| Hyperliquid WLD | +0.0590% | 1h | 0.4720 | +0.094% | $52.7M | $44.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0636% | 1h | 0.4707 | −0.174% | $920K | $2.9M | 50x | as long as short |
| Lighter WLD | +0.0848% | 1h | 0.4720 | +0.096% | $5.4M | $2.1M | 10x | as long as short |
Phoenix WLD
Injective WLD/USDC PERP
Kalshi KXWLDPERP
KuCoin WLDUSDTM
gTrade (Gains Network) WLD/USD
Gate WLD_USDT
ApeX Omni WLDUSDT
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
Deribit WLD_USDC-PERPETUAL
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD