Funding you earn now, next payment 08:00 UTC−0.0139%/8h= −15.2% APRnext payment −$1.39 per $10,000 · paid last 24h −0.021%
Price spread now: KuCoin against Phemex+0.086%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1381.384% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 3 days (all we have)−0.209%−$21 · spread now +0.086%, 7d avg −0.032%
=The price spread pays, funding is against you. KuCoin is 0.118% dearer against Phemex than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of −0.032%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.097% in total) that is about 8.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex WLDUSDT | 0.4673 | 0.0100 | pay 0.0100% / 8h | 6h 03m | $1.9M | $3.7M | 50x |
| Short | KuCoin WLDUSDTM | 0.4677 | −0.0039 | pay 0.0039% / 8h | 6h 03m | $7.1M | $11.5M | 50x |
Phemex WLDUSDT
KuCoin WLDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$29.19
- Price spread: +0.086% → −0.032%
- $11.8
- Slippage, 4 orders
- −$114.37
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$155.76
- Costs to cover
- 1.384%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; KuCoin: live order book, 5 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 | 7.48 bp | 57.5 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.14 bp | 18.5 bp −$18 | 52.4 bp −$524 | doesn't fit | doesn't fit |
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 PERP | −0.0235% | 1h | 0.4666 | −0.150% | $6K | $185K | 5.5x | as long as short |
| Kalshi KXWLDPERP | −0.0139% | 8h | 0.4678 | +0.107% | $71K | $4.5M | 1.7x | as long as short |
| KuCoin WLDUSDTMshort | −0.0039% | 8h | 0.4677 | +0.086% | $7.1M | $11.5M | 50x | |
| dYdX WLD-USD | 0.0000% | 1h | 0.4680 | +0.151% | $167K | $26K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4676 | +0.061% | $56K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0011% | 1h | 0.4684 | +0.235% | $272K | $189K | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0065% | 8h | 0.4676 | +0.064% | $28K | $895K | 10x | as long as short |
| Phoenix WLD | +0.0068% | 1h | 0.4669 | −0.092% | $5K | $54K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4679 | +0.121% | $179K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4681 | +0.180% | $51K | $513K | 5x | as long as short |
Injective WLD/USDC PERP
Kalshi KXWLDPERP
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Orderly PERP_WLD_USDC
Phoenix WLD
Aster WLDUSDT
Pacifica WLDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4671 | −0.036% | $88.9M | $324.7M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4669 | −0.086% | $66.6M | $87.6M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4669 | −0.086% | $35.2M | $151.8M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4672 | −0.021% | $7.3M | $38.1M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4672 | −0.021% | $46.1M | $56.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4669 | −0.086% | $31.0M | $29.5M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4674 | +0.021% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4673 | −0.009% | $137K | $289K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4672 | −0.028% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4677 | +0.078% | $28K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4670 | −0.059% | $617K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4675 | +0.043% | $51K | $235K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4688 | +0.310% | $55K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4688 | +0.321% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4679 | +0.128% | $217 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4673 | 0.000% | $854K | $1.9M | 50x | as long as short |
| Phemex WLDUSDTlong | +0.0100% | 8h | 0.4673 | long leg | $1.9M | $3.7M | 50x | |
| Extended WLD-USD | +0.0104% | 1h | 0.4675 | +0.040% | $215K | $889K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4678 | +0.118% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4679 | +0.134% | — | — | 20x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0178% | 1h | 0.4679 | +0.128% | $120K | $922K | 25x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4673 | +0.007% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0280% | 1h | 0.4689 | +0.347% | $335 | $80 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0456% | 1h | 0.4684 | +0.235% | $278K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0553% | 1h | 0.4676 | +0.058% | $52.0M | $43.4M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0639% | 1h | 0.4682 | +0.198% | $908K | $2.9M | 50x | as long as short |
| Lighter WLD | +0.0872% | 1h | 0.4689 | +0.345% | $5.3M | $2.1M | 10x | 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
Deribit WLD_USDC-PERPETUAL
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD