Funding you earn now, next payment 20:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.001%
Price spread now: Bybit against Phoenix−0.338%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 0.338% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.338% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 8.2 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.008% in total) that is about 10 months. The two prices were read 55 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 | Phoenix WLD | 0.4649 | −0.0091 | get 0.0011% / 1h | 58m 23s | $2K | $47K | 10x |
| Short | Bybit WLDUSDT | 0.4633 | 0.0046 | get 0.0046% / 8h | 2h 58m | $68.2M | $78.9M | 50x |
Phoenix WLD
Bybit WLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Phoenix. 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
- $28.85
- Price spread: −0.338% → 0.000%
- −$33.77
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$22.92
- Costs to cover
- 0.180%
- Break-even
- 12.6 days
Slippage unknown: Phoenix: no order-book sample; Bybit: live order book, 6 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 6 min ago | 1.08 bp | 9.3 bp −$9 | 18.3 bp −$183 | 98.5 bp −$9,855 | doesn't fit |
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 | −0.0261% | 8h | 0.4647 | −0.037% | $31K | $3.8M | 1.7x | as long as short |
| Phoenix WLDlong | −0.0091% | 1h | 0.4649 | long leg | $2K | $47K | 10x | |
| Variational Omni WLD | −0.0081% | 8h | 0.4652 | +0.062% | $2.1M | $1.7M | — | as long as short |
| Orderly PERP_WLD_USDC | −0.0029% | 8h | 0.4646 | −0.058% | $28K | $922K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4633 | −0.347% | $158K | $6K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4632 | −0.359% | $58K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0014% | 8h | 0.4629 | −0.424% | $7.0M | $10.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0027% | 8h | 0.4632 | −0.359% | $35.0M | $139.4M | 50x | as long as short |
| Bybit WLDUSDTshort | +0.0046% | 8h | 0.4633 | −0.338% | $68.2M | $78.9M | 50x | |
| MEXC WLD_USDT | +0.0081% | 8h | 0.4633 | −0.338% | $55.2M | $45.9M | 300x | as long as short |
Kalshi KXWLDPERP
Variational Omni WLD
Orderly PERP_WLD_USDC
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
OKX WLD-USDT-SWAP
MEXC WLD_USDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0084% | 8h | 0.4631 | −0.381% | $88.6M | $289.9M | 75x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4633 | −0.336% | $212K | $984K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4631 | −0.385% | $56K | $475K | 5x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4630 | −0.402% | $7.6M | $33.7M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4633 | −0.338% | $30.6M | $25.1M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4631 | −0.381% | — | $67.9M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4649 | +0.009% | $132K | $296K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4654 | +0.106% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4659 | +0.216% | $629K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4664 | +0.329% | $56K | $226K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4634 | −0.318% | $57K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4655 | +0.136% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4654 | +0.114% | $201 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4644 | −0.101% | $874K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4653 | +0.092% | $1.9M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4631 | −0.381% | $135K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4651 | +0.049% | $32K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4633 | −0.347% | — | — | 20x | as long as short |
| Nado WLD-PERP | +0.0152% | 1h | 0.4633 | −0.327% | $359K | $130K | 5x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0180% | 1h | 0.4653 | +0.092% | $157K | $781K | 25x | as long as short |
| BloFin WLD-USDT | +0.0202% | 8h | 0.4653 | +0.092% | $5.0M | $944K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0223% / S −0.1831% | 1h | 0.4641 | −0.173% | $9K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0224% | 1h | 0.4636 | −0.280% | $332 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4606 | −0.919% | $6K | $90K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4650 | +0.028% | $284K | $1.6M | 50x | as long as short |
| Lighter WLD | +0.0440% | 1h | 0.4640 | −0.196% | $5.1M | $1.9M | 10x | as long as short |
| Hyperliquid WLD | +0.0453% | 1h | 0.4639 | −0.200% | $48.3M | $40.4M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1071% | 1h | 0.4657 | +0.189% | $938K | $2.5M | 50x | as long as short |
Binance WLDUSDT
Aster WLDUSDT
Pacifica WLD
Gate WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
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
Aevo WLD-PERP
Reya WLDRUSDPERP
Nado WLD-PERP
Deribit WLD_USDC-PERPETUAL
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
Lighter WLD
Hyperliquid WLD
Kraken Futures PF_WLDUSD