Funding you earn now, next payment 01:00 UTC+0.0269%/8h= +29.5% APRpaid last 24h +0.010%
Price spread now: Kraken Futures against Orderly−0.011%55s7-day average +0.039% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.155%+$15 on $10k
+Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.011%, 7d avg +0.039%
=Funding pays, the price is against you. Kraken Futures is 0.050% cheaper against Orderly than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.039%). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.155% in total) that is about 2.3 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.155% in total (about 8.1% 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 | 0.4722 | 0.0050 | pay 0.0050% / 8h | 7h 09m | $29K | $900K | 10x |
| Short | Kraken Futures PF_WLDUSD | 0.4721 | 0.0319 | get 0.0040% / 1h | 9m 27s | $935K | $2.7M | 50x |
Orderly PERP_WLD_USDC
Kraken Futures PF_WLDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $56.55
- Price spread: −0.011% → +0.039%
- −$5.03
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $35.52
- Costs to cover
- 0.160%
- Break-even
- 2.6 days
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago | 9.47 bp | 18.5 bp −$18 | 25.2 bp −$252 | 1124.3 bp −$112.4K | 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 | −0.0159% | 8h | 0.4739 | +0.360% | $23K | $4.0M | 1.7x | as long as short |
| Nado WLD-PERP | −0.0026% | 1h | 0.4723 | +0.021% | $274K | $178K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0010% | 8h | 0.4716 | −0.127% | $7.1M | $11.1M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4715 | −0.155% | $168K | $12K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4725 | +0.064% | $135K | $863K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4722 | 0.000% | $56K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4744 | +0.466% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDClong | +0.0050% | 8h | 0.4722 | long leg | $29K | $900K | 10x | |
| Phemex WLDUSDT | +0.0057% | 8h | 0.4720 | −0.042% | $1.9M | $3.7M | 50x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4724 | +0.050% | $211K | $995K | 50x | as long as short |
Kalshi KXWLDPERP
Nado WLD-PERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
Phemex WLDUSDT
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4717 | −0.110% | $55K | $485K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4723 | +0.021% | $90.4M | $310.8M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4723 | +0.021% | $68.3M | $83.6M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4723 | +0.021% | $35.8M | $149.9M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4722 | 0.000% | $7.6M | $36.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4723 | +0.021% | $49.4M | $55.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4722 | 0.000% | $31.7M | $27.3M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4723 | +0.021% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4723 | +0.025% | $140K | $277K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4717 | −0.112% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4724 | +0.042% | $28K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4749 | +0.579% | $627K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4723 | +0.021% | $57K | $232K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4724 | +0.051% | $44K | $1.8M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4741 | +0.402% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4718 | −0.085% | $225 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4721 | −0.021% | $898K | $1.9M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4719 | −0.065% | $218K | $894K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4722 | −0.011% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4721 | −0.021% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4726 | +0.085% | $5K | $53K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4720 | −0.042% | $5.0M | $877K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0239% / S −0.1538% | 1h | 0.4728 | +0.134% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4721 | −0.013% | $338 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSDshort | +0.0319% | 1h | 0.4721 | −0.011% | $935K | $2.7M | 50x | |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4723 | +0.021% | $277K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0873% | 1h | 0.4731 | +0.199% | $53.1M | $44.0M | 10x | as long as short |
| Lighter WLD | +0.1024% | 1h | 0.4724 | +0.051% | $5.3M | $2.0M | 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-USDC
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
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD