Funding you earn now, next payment 22:00 UTC+0.0423%/8h= +46.4% APRpaid last 24h +0.065%
Price spread now: Coinbase International against Orderly+0.219%7-day average +0.053% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 3 days (all we have)−0.384%−$38 · spread now +0.219%, 7d avg +0.053%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.166% dearer against Orderly than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.053%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% 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 | Orderly PERP_WLD_USDC | 0.4573 | 0.0001 | pay 0.0001% / 8h | 1h 22m | $28K | $913K | 10x |
| Short | Coinbase International WLD-PERP-INTX | 0.4583 | 0.0424 | get 0.0053% / 1h | 22m 48s | $270K | $1.6M | 50x |
Orderly PERP_WLD_USDC
Coinbase International WLD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $88.91
- Price spread: +0.219% → +0.053%
- $16.6
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $89.52
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago | 6.55 bp | 16.5 bp −$16 | 21.5 bp −$215 | doesn't fit | doesn't fit |
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 | −0.0324% | 8h | 0.4577 | +0.087% | $61K | $3.8M | 1.7x | as long as short |
| Injective WLD/USDC PERP | −0.0079% | 1h | 0.4623 | +1.093% | $6K | $185K | 5.5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4576 | +0.068% | $163K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4574 | +0.022% | $108K | $900K | 25x | as long as short |
| Orderly PERP_WLD_USDClong | +0.0001% | 8h | 0.4573 | long leg | $28K | $913K | 10x | |
| KuCoin WLDUSDTM | +0.0002% | 8h | 0.4571 | −0.044% | $7.0M | $10.8M | 50x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4575 | +0.047% | $57K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0055% | 1h | 0.4576 | +0.055% | $276K | $169K | 5x | as long as short |
| Variational Omni WLD | +0.0074% | 8h | 0.4588 | +0.326% | $2.1M | $1.6M | — | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4575 | +0.053% | $200K | $986K | 50x | as long as short |
Kalshi KXWLDPERP
Injective WLD/USDC PERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
KuCoin WLDUSDTM
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Variational Omni WLD
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4577 | +0.097% | $53K | $481K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4577 | +0.085% | $86.6M | $297.5M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4577 | +0.087% | $65.6M | $82.1M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4576 | +0.066% | $34.2M | $141.5M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4574 | +0.022% | $7.4M | $35.3M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4573 | 0.000% | $48.9M | $51.9M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4573 | 0.000% | $30.1M | $25.5M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4575 | +0.044% | — | $67.8M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4573 | −0.007% | $129K | $270K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4585 | +0.255% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4592 | +0.411% | $617K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4588 | +0.328% | $55K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4576 | +0.063% | $48K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4581 | +0.175% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4573 | 0.000% | $199 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4577 | +0.087% | $864K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4574 | +0.022% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4571 | −0.041% | $240K | $855K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4574 | +0.022% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0124% | 1h | 0.4587 | +0.311% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4572 | −0.013% | — | — | 20x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0186% | 1h | 0.4578 | +0.110% | $907K | $2.6M | 50x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4572 | −0.022% | $4.9M | $813K | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0248% | 1h | 0.4580 | +0.155% | $328 | $77 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0260% / S −0.2221% | 1h | 0.4574 | +0.018% | $9K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.0424% | 1h | 0.4583 | +0.219% | $270K | $1.6M | 50x | |
| Hyperliquid WLD | +0.0790% | 1h | 0.4582 | +0.199% | $49.8M | $43.1M | 10x | as long as short |
| Lighter WLD | +0.0944% | 1h | 0.4587 | +0.315% | $5.2M | $2.1M | 10x | as long as short |
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC 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
Phoenix WLD
Reya WLDRUSDPERP
Kraken Futures PF_WLDUSD
BloFin WLD-USDT
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
Hyperliquid WLD
Lighter WLD