Funding you earn now, next payment 04:00 UTC−0.0221%/8h= −24.1% APRnext payment −$2.21 per $10,000 · paid last 24h −0.069%
Price spread now: Kalshi against Phemex+0.173%7-day average −0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$1141.138% of the position
Funding, last 7 days−0.322%−$32 on $10k
+Price spread, last 4 days (all we have)−0.745%−$74 · spread now +0.173%, 7d avg −0.145%
=The price spread pays, funding is against you. Kalshi is 0.318% dearer against Phemex than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of −0.145%): +$32 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex WLDUSDT | 0.4621 | 0.0100 | pay 0.0100% / 8h | 5h 12m | $1.8M | $3.7M | 50x |
| Short | Kalshi KXWLDPERP | 0.4629 | −0.0121 | pay 0.0121% / 8h | 1h 12m | $46K | $4.6M | 1.7x |
Phemex WLDUSDT
Kalshi KXWLDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Phemex. 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
- −$46.31
- Price spread: +0.173% → −0.145%
- $31.82
- Slippage, 4 orders
- −$91.78
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$128.28
- Costs to cover
- 1.138%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; Kalshi: live order book, 1 min ago.
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 Phemex live order book, 6 min ago | 5.38 bp | 47.6 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 1 min ago | 3.24 bp | 18.5 bp −$19 | 29.7 bp −$297 | doesn't fit | doesn't fit |
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 KXWLDPERPshort | −0.0121% | 8h | 0.4629 | +0.173% | $46K | $4.6M | 1.7x | |
| KuCoin WLDUSDTM | −0.0024% | 8h | 0.4619 | −0.043% | $7.0M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4619 | −0.042% | $164K | $26K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4625 | +0.087% | $120K | $920K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4628 | +0.148% | $55K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0009% | 1h | 0.4631 | +0.206% | $268K | $187K | 5x | as long as short |
| 01 Exchange WLDUSD | +0.0056% | 1h | 0.4632 | +0.238% | $331 | $80 | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0077% | 8h | 0.4623 | +0.043% | $28K | $890K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4623 | +0.041% | $174K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4621 | 0.000% | $48K | $511K | 5x | as long as short |
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
01 Exchange WLDUSD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4619 | −0.043% | $87.8M | $326.6M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4618 | −0.065% | $66.0M | $88.4M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4617 | −0.087% | $34.9M | $149.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4618 | −0.065% | $7.2M | $37.1M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4619 | −0.043% | $45.6M | $54.7M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4617 | −0.087% | $30.7M | $29.7M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4619 | −0.043% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4621 | +0.006% | $134K | $293K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4639 | +0.381% | $2.2M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4634 | +0.287% | $27K | $319K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4635 | +0.294% | $618K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4633 | +0.260% | $51K | $236K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4633 | +0.262% | $55K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4629 | +0.173% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4623 | +0.043% | $177 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4624 | +0.065% | $845K | $1.9M | 50x | as long as short |
| Phemex WLDUSDTlong | +0.0100% | 8h | 0.4621 | long leg | $1.8M | $3.7M | 50x | |
| Extended WLD-USD | +0.0104% | 1h | 0.4616 | −0.102% | $213K | $929K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4624 | +0.056% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4628 | +0.156% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0172% | 1h | 0.4653 | +0.697% | $5K | $57K | 10x | as long as short |
| Lighter WLD | +0.0184% | 1h | 0.4626 | +0.110% | $5.0M | $2.3M | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4622 | +0.022% | $5.0M | $803K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4627 | +0.120% | $5K | — | 100x | as long as short |
| Hyperliquid WLD | +0.0477% | 1h | 0.4628 | +0.158% | $51.5M | $42.7M | 10x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0480% | 1h | 0.4640 | +0.411% | $274K | $1.7M | 50x | as long as short |
| Injective WLD/USDC PERP | +0.0677% | 1h | 0.4636 | +0.325% | $6K | $185K | 5.5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0895% | 1h | 0.4625 | +0.081% | $895K | $2.9M | 50x | as long as short |
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
Lighter WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Hyperliquid WLD
Coinbase International WLD-PERP-INTX
Injective WLD/USDC PERP
Kraken Futures PF_WLDUSD