Funding you earn now, next payment 00:00 UTC+0.0123%/8h= +13.4% APRnext payment +$1.23 per $10,000 · paid last 24h +0.009%
Price spread now: Binance against Orderly−0.225%49s7-day average −0.008% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 3 days (all we have)−0.186%−$19 · spread now −0.225%, 7d avg −0.008%
=Funding pays, the price is against you. Binance is 0.217% cheaper against Orderly than usual: you would sell low and buy high (spread −0.225% now, against its 7-day average of −0.008%). If the spread goes back, that is −$22 on $10k: about 5.9 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.026% in total) that is about 58 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_WLD_USDC | 0.4569 | −0.0028 | get 0.0028% / 8h | 2h 47m | $28K | $919K | 10x |
| Short | Binance WLDUSDT | 0.4559 | 0.0095 | get 0.0095% / 8h | 2h 47m | $86.2M | $290.1M | 75x |
Orderly PERP_WLD_USDC
Binance WLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. 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
- $25.77
- Price spread: −0.225% → −0.008%
- −$21.68
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$11.91
- Costs to cover
- 0.160%
- Break-even
- 10.2 days
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 11 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 11 min ago | 1.08 bp | 7.3 bp −$7 | 16.2 bp −$162 | 52.2 bp −$5,220 | 184.4 bp −$92.2K |
Orderly: 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 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 | −0.0508% | 8h | 0.4567 | −0.044% | $34K | $3.8M | 1.7x | as long as short |
| Variational Omni WLD | −0.0055% | 8h | 0.4588 | +0.405% | $2.1M | $1.7M | — | as long as short |
| Orderly PERP_WLD_USDClong | −0.0028% | 8h | 0.4569 | long leg | $28K | $919K | 10x | |
| dYdX WLD-USD | 0.0000% | 1h | 0.4562 | −0.142% | $156K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4573 | +0.088% | $154K | $785K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4569 | −0.003% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0016% | 8h | 0.4555 | −0.306% | $7.0M | $10.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0045% | 8h | 0.4557 | −0.263% | $34.4M | $136.8M | 50x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4585 | +0.359% | $5K | $52K | 10x | as long as short |
| Nado WLD-PERP | +0.0054% | 1h | 0.4556 | −0.295% | $272K | $168K | 5x | as long as short |
Kalshi KXWLDPERP
Variational Omni WLD
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
OKX WLD-USDT-SWAP
Phoenix WLD
Nado WLD-PERPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0078% | 8h | 0.4559 | −0.219% | $67.0M | $78.4M | 50x | as long as short |
| ApeX Omni WLDUSDT | +0.0084% | 1h | 0.4590 | +0.460% | $55K | $227K | 50x | as long as short |
| MEXC WLD_USDT | +0.0094% | 8h | 0.4560 | −0.197% | $53.1M | $46.7M | 300x | as long as short |
| Binance WLDUSDTshort | +0.0095% | 8h | 0.4559 | −0.225% | $86.2M | $290.1M | 75x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4566 | −0.066% | $209K | $977K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4564 | −0.109% | $53K | $473K | 5x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4562 | −0.153% | $7.5M | $34.1M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4559 | −0.219% | $30.2M | $25.0M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4561 | −0.175% | — | $67.9M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4570 | +0.020% | $128K | $277K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4558 | −0.240% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4566 | −0.063% | $618K | $1.9M | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4558 | −0.243% | $55K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4577 | +0.175% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4571 | +0.044% | $197 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4575 | +0.131% | $860K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4571 | +0.044% | $1.9M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4562 | −0.151% | $133K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4573 | +0.088% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4559 | −0.216% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0213% | 8h | 0.4556 | −0.285% | $5.0M | $875K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0217% / S −0.0307% | 1h | 0.4569 | −0.003% | $12K | — | 100x | as long as short |
| Hyperliquid WLD | +0.0248% | 1h | 0.4562 | −0.151% | $47.3M | $40.5M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4622 | +1.160% | $6K | $139K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4574 | +0.109% | $275K | $1.6M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0648% | 1h | 0.4565 | −0.098% | $327 | $77 | 5x | as long as short |
| Lighter WLD | +0.1088% | 1h | 0.4569 | +0.007% | $5.1M | $2.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1090% | 1h | 0.4575 | +0.128% | $920K | $2.5M | 50x | as long as short |
Bybit WLDUSDT
ApeX Omni WLDUSDT
MEXC WLD_USDT
Aster WLDUSDT
Pacifica WLD
Gate WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
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
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Hyperliquid WLD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
01 Exchange WLDUSD
Lighter WLD
Kraken Futures PF_WLDUSD