Funding you earn now, next payment 03:00 UTC−0.0158%/8h= −17.3% APRnext payment −$0.20 per $10,000 · paid last 24h −0.004%
Price spread now: dYdX against Phoenix−0.609%106s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and dYdX is 0.609% cheaper against Phoenix than usual: you would sell low and buy high (−$61 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 106 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 | 0.4594 | 0.0158 | pay 0.0020% / 1h | 47m 50s | $5K | $52K | 10x |
| Short | dYdX WLD-USD | 0.4566 | 0 | get 0.0000% / 1h | 47m 50s | $156K | $33K | 10x |
Phoenix WLD
dYdX WLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$33.11
- Price spread: −0.609% → 0.000%
- −$60.9
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$111.01
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; dYdX: live order book, 11 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 dYdX live order book, 11 min ago | 38.30 bp | 43.3 bp −$43 | 43.3 bp −$433 | 142.6 bp −$14.3K | 515.1 bp −$257.5K |
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 | −0.0107% | 8h | 0.4570 | −0.516% | $62K | $4.6M | 1.7x | as long as short |
| Nado WLD-PERP | −0.0080% | 1h | 0.4564 | −0.636% | $242K | $205K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0037% | 8h | 0.4562 | −0.690% | $6.9M | $11.7M | 50x | as long as short |
| dYdX WLD-USDshort | 0.0000% | 1h | 0.4566 | −0.609% | $156K | $33K | 10x | |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4560 | −0.734% | $115K | $923K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4563 | −0.672% | $66K | — | 150x | as long as short |
| 01 Exchange WLDUSD | +0.0008% | 1h | 0.4565 | −0.625% | $327 | $80 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0014% | 1h | 0.4558 | −0.777% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0082% | 8h | 0.4560 | −0.734% | $28K | $888K | 10x | as long as short |
| Lighter WLD | +0.0096% | 1h | 0.4569 | −0.529% | $4.9M | $2.4M | 10x | as long as short |
Kalshi KXWLDPERP
Nado WLD-PERP
KuCoin WLDUSDTM
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
01 Exchange WLDUSD
Injective WLD/USDC PERP
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 | 0.4564 | −0.647% | $189K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4567 | −0.581% | $49K | $528K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4566 | −0.598% | $86.7M | $327.7M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4563 | −0.668% | $65.0M | $88.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4565 | −0.625% | $34.2M | $148.6M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4563 | −0.668% | $7.2M | $36.7M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4565 | −0.625% | $44.5M | $53.8M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4564 | −0.647% | $30.2M | $30.1M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4564 | −0.647% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4563 | −0.662% | $135K | $299K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4575 | −0.414% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4588 | −0.116% | $27K | $319K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4586 | −0.167% | $603K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4579 | −0.320% | $43K | $239K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4563 | −0.657% | $41K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4566 | −0.603% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4559 | −0.755% | $175 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4551 | −0.930% | $833K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4560 | −0.734% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4564 | −0.641% | $227K | $974K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4544 | −1.078% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4559 | −0.750% | — | — | 20x | as long as short |
| Phoenix WLDlong | +0.0158% | 1h | 0.4594 | long leg | $5K | $52K | 10x | |
| Hyperliquid WLD | +0.0170% | 1h | 0.4570 | −0.514% | $50.1M | $43.2M | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4557 | −0.799% | $4.9M | $845K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4562 | −0.684% | $5K | — | 100x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0481% | 1h | 0.4562 | −0.692% | $882K | $2.8M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0496% | 1h | 0.4571 | −0.494% | $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
Phemex WLDUSDT
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