Funding you earn now, next payment 08:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.99 per $10,000 · paid last 24h −0.032%
Price spread now: Kalshi against Orderly−0.412%7-day average −0.138% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.412%, 7d avg −0.138%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.274% cheaper against Orderly than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.138%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_WLD_USDC | 0.4613 | 0.0099 | pay 0.0099% / 8h | 3h 52m | $28K | $884K | 10x |
| Short | Kalshi KXWLDPERP | 0.4594 | 0 | get 0.0000% / 8h | 7h 52m | $50K | $4.7M | 1.7x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- −$20.74
- Price spread: −0.412% → −0.138%
- −$27.42
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$64.16
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kalshi: 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 Kalshi live order book, 1 min ago | 1.09 bp | 6.1 bp −$6 | 9.9 bp −$99 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0045% | 1h | 0.4615 | +0.043% | $245K | $205K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4613 | +0.004% | $157K | $33K | 10x | as long as short |
| Kalshi KXWLDPERPshort | 0.0000% | 8h | 0.4594 | −0.412% | $50K | $4.7M | 1.7x | |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4617 | +0.082% | $67K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0019% | 8h | 0.4616 | +0.065% | $7.0M | $11.7M | 50x | as long as short |
| Orderly PERP_WLD_USDClong | +0.0099% | 8h | 0.4613 | long leg | $28K | $884K | 10x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4617 | +0.082% | $214K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4613 | +0.009% | $49K | $525K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4618 | +0.106% | $87.7M | $329.7M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4616 | +0.065% | $65.8M | $89.8M | 50x | as long as short |
Show all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4619 | +0.130% | $34.7M | $152.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4611 | −0.043% | $7.4M | $36.2M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4617 | +0.087% | $43.8M | $54.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4618 | +0.108% | $30.6M | $30.2M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4611 | −0.043% | — | $67.5M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4617 | +0.082% | $138K | $299K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4560 | −1.155% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4579 | −0.738% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4569 | −0.954% | $604K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4588 | −0.542% | $43K | $238K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4616 | +0.069% | $40K | $2.2M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4613 | 0.000% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4616 | +0.065% | $204 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4611 | −0.043% | $843K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4617 | +0.087% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4610 | −0.071% | $221K | $981K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4619 | +0.125% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4617 | +0.092% | — | — | 20x | as long as short |
| Injective WLD/USDC PERP | +0.0142% | 1h | 0.4564 | −1.062% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4597 | −0.338% | $5K | $52K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4618 | +0.108% | $4.9M | $838K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4617 | +0.078% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0312% | 1h | 0.4619 | +0.134% | $330 | $80 | 5x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0400% | 1h | 0.4617 | +0.087% | $125K | $959K | 25x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0514% | 1h | 0.4618 | +0.111% | $892K | $2.8M | 50x | as long as short |
| Hyperliquid WLD | +0.0529% | 1h | 0.4625 | +0.258% | $50.8M | $43.3M | 10x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0560% | 1h | 0.4609 | −0.087% | $271K | $1.7M | 50x | as long as short |
| Lighter WLD | +0.0784% | 1h | 0.4620 | +0.141% | $5.2M | $2.6M | 10x | as long as short |
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Aster WLDUSDT
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
Injective WLD/USDC PERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Deribit WLD_USDC-PERPETUAL
Kraken Futures PF_WLDUSD
Hyperliquid WLD
Coinbase International WLD-PERP-INTX
Lighter WLD