Funding you earn now, next payment 02:00 UTC−0.0300%/8h= −32.9% APRpaid last 24h +0.050%
Price spread now: Injective against Orderly+0.107%7-day average +0.183% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.073%+$7 on $10k
+Price spread, last 3 days (all we have)+0.092%+$9 · spread now +0.107%, 7d avg +0.183%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Injective is 0.076% cheaper against Orderly than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.183%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.073%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.073% in total (about 3.8% 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 | 0.4661 | 0.0065 | pay 0.0065% / 8h | 6h 05m | $28K | $895K | 10x |
| Short | Injective WLD/USDC PERP | 0.4666 | −0.0235 | pay 0.0029% / 1h | 5m 24s | $6K | $185K | 5.5x |
Orderly PERP_WLD_USDC
Injective WLD/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$63.04
- Price spread: +0.107% → +0.183%
- −$7.57
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$76.63
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Injective: live order book, 29 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 Injective live order book, 29 min ago | 61.80 bp | doesn't fit | doesn't fit | 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 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 | 0.4666 | +0.107% | $6K | $185K | 5.5x | |
| Kalshi KXWLDPERP | −0.0140% | 8h | 0.4675 | +0.300% | $71K | $4.5M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0040% | 8h | 0.4660 | −0.021% | $7.1M | $11.5M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4661 | +0.001% | $166K | $26K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4661 | 0.000% | $121K | $918K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4661 | −0.002% | $56K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0008% | 1h | 0.4658 | −0.064% | $270K | $189K | 5x | as long as short |
| Orderly PERP_WLD_USDClong | +0.0065% | 8h | 0.4661 | long leg | $28K | $895K | 10x | |
| Phoenix WLD | +0.0068% | 1h | 0.4662 | +0.017% | $5K | $54K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4663 | +0.036% | $179K | $1.0M | 50x | as long as short |
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Phoenix WLD
Aster WLDUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4665 | +0.095% | $51K | $513K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4661 | +0.010% | $88.7M | $325.1M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4660 | −0.021% | $66.4M | $87.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4661 | 0.000% | $35.1M | $151.7M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4661 | 0.000% | $7.3M | $38.1M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4662 | +0.021% | $45.9M | $56.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4659 | −0.043% | $31.0M | $29.5M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4662 | +0.021% | — | $67.4M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4673 | +0.264% | $140K | $289K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4672 | +0.229% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4677 | +0.335% | $28K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4657 | −0.080% | $615K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4675 | +0.300% | $51K | $235K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4663 | +0.047% | $55K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4667 | +0.129% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4662 | +0.021% | $218 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4673 | +0.257% | $855K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4673 | +0.257% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4659 | −0.045% | $215K | $889K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4662 | +0.018% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4660 | −0.017% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4660 | −0.015% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0280% | 1h | 0.4664 | +0.069% | $334 | $80 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0456% | 1h | 0.4678 | +0.365% | $275K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0549% | 1h | 0.4667 | +0.137% | $51.9M | $43.3M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0641% | 1h | 0.4667 | +0.133% | $905K | $2.9M | 50x | as long as short |
| Lighter WLD | +0.0864% | 1h | 0.4672 | +0.238% | $5.3M | $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
Variational Omni WLD
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
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD