Funding you earn now, next payment 23:00 UTC+0.0336%/8h= +36.8% APRnext payment +$0.42 per $10,000 · paid last 24h +0.070%
Price spread now: Coinbase International against Phoenix+0.124%72s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.128%+$13 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 +$10 a day on $10k at the current rate, and Coinbase International is 0.124% dearer against Phoenix than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 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 0.128% in total (about 6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 per $10,000. 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 | Phoenix WLD | 0.4581 | 0.0104 | pay 0.0013% / 1h | 27m 48s | $5K | $53K | 10x |
| Short | Coinbase International WLD-PERP-INTX | 0.4587 | 0.0440 | get 0.0055% / 1h | 27m 48s | $270K | $1.6M | 50x |
Phoenix WLD
Coinbase International WLD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $70.54
- Price spread: +0.124% → 0.000%
- $12.44
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $65.99
- Costs to cover
- 0.170%
- Break-even
- 0.5 days
Slippage unknown: Phoenix: no order-book sample; Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago | 5.45 bp | 18.3 bp −$18 | 24.6 bp −$246 | doesn't fit | 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 | −0.0201% | 8h | 0.4582 | +0.015% | $63K | $3.9M | 1.7x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4578 | −0.078% | $163K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4581 | −0.007% | $113K | $885K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4581 | −0.003% | $56K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0011% | 8h | 0.4575 | −0.138% | $6.9M | $11.0M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0029% | 8h | 0.4580 | −0.028% | $28K | $908K | 10x | as long as short |
| Nado WLD-PERP | +0.0048% | 1h | 0.4579 | −0.039% | $276K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4579 | −0.050% | $189K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4578 | −0.079% | $53K | $483K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4578 | −0.078% | $86.3M | $301.5M | 75x | as long as short |
Kalshi KXWLDPERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Nado WLD-PERP
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4577 | −0.094% | $65.5M | $82.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4579 | −0.050% | $34.1M | $142.8M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4577 | −0.094% | $7.4M | $35.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4579 | −0.050% | $45.7M | $52.9M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4576 | −0.116% | $30.2M | $25.9M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4577 | −0.094% | — | $67.1M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4581 | −0.013% | $129K | $272K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4586 | +0.102% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4578 | −0.062% | $27K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4588 | +0.138% | $619K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4583 | +0.037% | $55K | $228K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4584 | +0.050% | $45K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4587 | +0.124% | $22K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4580 | −0.028% | $210 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4585 | +0.081% | $854K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4580 | −0.028% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4575 | −0.145% | $234K | $845K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4581 | −0.017% | $31K | $5K | 3x | as long as short |
| Phoenix WLDlong | +0.0104% | 1h | 0.4581 | long leg | $5K | $53K | 10x | |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4579 | −0.040% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4585 | +0.081% | $4.9M | $824K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4580 | −0.028% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0264% | 1h | 0.4586 | +0.103% | $328 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0373% | 1h | 0.4592 | +0.234% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.0440% | 1h | 0.4587 | +0.124% | $270K | $1.6M | 50x | |
| Hyperliquid WLD | +0.0486% | 1h | 0.4585 | +0.089% | $49.7M | $43.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0718% | 1h | 0.4582 | +0.018% | $905K | $2.7M | 50x | as long as short |
| Lighter WLD | +0.1440% | 1h | 0.4587 | +0.127% | $5.2M | $2.0M | 10x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
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
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD