Funding you earn now, next payment 01:00 UTC+0.0110%/8h= +12.0% APRnext payment +$0.14 per $10,000 · paid last 24h −0.016%
Price spread now: Deribit against Phoenix+0.348%70s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.068%−$7 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 +$3 a day on $10k at the current rate, and Deribit is 0.348% dearer against Phoenix than usual: you sell high and buy low: +$35 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 −0.068%, so the current rate has only just turned in your favour. The two prices were read 70 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 | 0.4662 | 0.0068 | pay 0.0009% / 1h | 5m 58s | $5K | $54K | 10x |
| Short | Deribit WLD_USDC-PERPETUAL | 0.4678 | 0.0178 | get 0.0022% / 1h | 5m 58s | $121K | $918K | 25x |
Phoenix WLD
Deribit WLD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $23.02
- Price spread: +0.348% → 0.000%
- $34.75
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $43.77
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Deribit: live order book, 63 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 Deribit live order book, 63 min ago | 5.29 bp | 8.8 bp −$9 | doesn't fit | 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 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 | +0.090% | $6K | $185K | 5.5x | as long as short |
| Kalshi KXWLDPERP | −0.0140% | 8h | 0.4675 | +0.283% | $71K | $4.5M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0042% | 8h | 0.4668 | +0.133% | $7.1M | $11.5M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4676 | +0.299% | $166K | $26K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4673 | +0.239% | $56K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0008% | 1h | 0.4672 | +0.213% | $271K | $189K | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0064% | 8h | 0.4676 | +0.305% | $28K | $895K | 10x | as long as short |
| Phoenix WLDlong | +0.0068% | 1h | 0.4662 | long leg | $5K | $54K | 10x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4670 | +0.184% | $179K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4677 | +0.325% | $51K | $513K | 5x | as long as short |
Injective WLD/USDC PERP
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Orderly PERP_WLD_USDC
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 | 0.4669 | +0.148% | $88.8M | $325.2M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4669 | +0.154% | $66.6M | $87.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4669 | +0.154% | $35.2M | $152.1M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4668 | +0.133% | $7.3M | $38.1M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4669 | +0.154% | $46.1M | $56.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4668 | +0.133% | $31.0M | $29.5M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4670 | +0.176% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4673 | +0.247% | $140K | $289K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4672 | +0.212% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4643 | −0.395% | $28K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4657 | −0.097% | $615K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4644 | −0.382% | $51K | $235K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4676 | +0.294% | $55K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4682 | +0.433% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4675 | +0.283% | $222 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4673 | +0.240% | $855K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4673 | +0.240% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4669 | +0.147% | $215K | $889K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4678 | +0.342% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4672 | +0.223% | — | — | 20x | as long as short |
| Deribit WLD_USDC-PERPETUALshort | +0.0178% | 1h | 0.4678 | +0.348% | $121K | $918K | 25x | |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4673 | +0.231% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0280% | 1h | 0.4678 | +0.341% | $335 | $80 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0456% | 1h | 0.4678 | +0.348% | $275K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0551% | 1h | 0.4676 | +0.307% | $52.0M | $43.3M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0640% | 1h | 0.4677 | +0.324% | $907K | $2.9M | 50x | as long as short |
| Lighter WLD | +0.0864% | 1h | 0.4683 | +0.459% | $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
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD