Funding you earn now, next payment 03:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h −0.023%
Price spread now: Phoenix against Phemex+0.607%73s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.607% dearer against Phemex than usual: you sell high and buy low: +$61 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.122%, so the current rate has only just turned in your favour. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex WLDUSDT | 0.4566 | 0.0100 | pay 0.0100% / 8h | 4h 50m | $1.8M | $3.7M | 50x |
| Short | Phoenix WLD | 0.4594 | 0.0158 | get 0.0020% / 1h | 50m 07s | $5K | $52K | 10x |
Phemex WLDUSDT
Phoenix WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $12.11
- Price spread: +0.607% → 0.000%
- $60.67
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $53.77
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 4 min ago; Phoenix: no order-book sample. 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 Phemex live order book, 4 min ago | 2.18 bp | 46.0 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | −0.0108% | 8h | 0.4580 | +0.307% | $63K | $4.6M | 1.7x | as long as short |
| Nado WLD-PERP | −0.0084% | 1h | 0.4563 | −0.055% | $242K | $205K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0034% | 8h | 0.4563 | −0.066% | $6.9M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4567 | +0.016% | $156K | $33K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4569 | +0.066% | $115K | $923K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4568 | +0.040% | $66K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0014% | 1h | 0.4558 | −0.175% | $6K | $185K | 5.5x | as long as short |
| 01 Exchange WLDUSD | +0.0016% | 1h | 0.4568 | +0.037% | $327 | $80 | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0082% | 8h | 0.4567 | +0.022% | $28K | $889K | 10x | as long as short |
| Lighter WLD | +0.0096% | 1h | 0.4572 | +0.120% | $4.9M | $2.4M | 10x | 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
01 Exchange WLDUSD
Orderly PERP_WLD_USDC
Lighter WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WLDUSDT | +0.0100% | 8h | 0.4571 | +0.102% | $190K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4570 | +0.085% | $49K | $528K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4561 | −0.110% | $86.6M | $327.3M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4559 | −0.153% | $65.0M | $88.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4559 | −0.153% | $34.1M | $148.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4565 | −0.022% | $7.2M | $36.7M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4562 | −0.088% | $44.7M | $53.7M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4561 | −0.110% | $30.1M | $30.1M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4563 | −0.066% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4563 | −0.066% | $134K | $298K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4575 | +0.191% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4588 | +0.490% | $27K | $319K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4586 | +0.439% | $603K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4590 | +0.526% | $43K | $240K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4564 | −0.044% | $41K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4572 | +0.131% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4565 | −0.022% | $175 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4567 | +0.022% | $836K | $1.9M | 50x | as long as short |
| Phemex WLDUSDTlong | +0.0100% | 8h | 0.4566 | long leg | $1.8M | $3.7M | 50x | |
| Extended WLD-USD | +0.0104% | 1h | 0.4564 | −0.048% | $227K | $974K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4565 | −0.025% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4564 | −0.038% | — | — | 20x | as long as short |
| Hyperliquid WLD | +0.0156% | 1h | 0.4568 | +0.046% | $50.1M | $43.2M | 10x | as long as short |
| Phoenix WLDshort | +0.0158% | 1h | 0.4594 | +0.607% | $5K | $52K | 10x | |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4577 | +0.241% | $4.9M | $848K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4568 | +0.045% | $5K | — | 100x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0480% | 1h | 0.4568 | +0.051% | $884K | $2.8M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0496% | 1h | 0.4572 | +0.131% | $268K | $1.7M | 50x | as long as short |
Aster WLDUSDT
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
Hyperliquid WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX