Funding you earn now, next payment 04:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h −0.037%
Price spread now: Kalshi against Phoenix−0.778%74s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.188%−$19 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 Kalshi is 0.778% cheaper against Phoenix than usual: you would sell low and buy high (−$78 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 74 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 | 0.4513 | 0.0157 | pay 0.0020% / 1h | 1m 57s | $5K | $52K | 10x |
| Short | Kalshi KXWLDPERP | 0.4478 | 0 | get 0.0000% / 8h | 7h 01m | $75K | $4.8M | 1.7x |
Phoenix WLD
Kalshi KXWLDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- −$33.06
- Price spread: −0.778% → 0.000%
- −$77.77
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$127.83
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Kalshi: live order book, 2 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 Kalshi live order book, 2 min ago | 2.23 bp | 25.0 bp −$25 | 33.4 bp −$334 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0032% | 1h | 0.4473 | −0.889% | $237K | $205K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4480 | −0.739% | $153K | $33K | 10x | as long as short |
| Kalshi KXWLDPERPshort | 0.0000% | 8h | 0.4478 | −0.778% | $75K | $4.8M | 1.7x | |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4477 | −0.800% | $129K | $999K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4478 | −0.778% | $65K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0029% | 8h | 0.4478 | −0.778% | $6.7M | $11.8M | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0088% | 1h | 0.4473 | −0.880% | $74K | $2.3M | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4475 | −0.844% | $28K | $868K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4480 | −0.728% | $219K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4480 | −0.729% | $50K | $526K | 5x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Polymarket Perps WLD-USD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4478 | −0.778% | $85.0M | $334.8M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4478 | −0.778% | $63.8M | $91.1M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4477 | −0.800% | $33.6M | $150.9M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4479 | −0.756% | $7.1M | $37.2M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4479 | −0.756% | $39.2M | $56.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4476 | −0.822% | $29.5M | $30.6M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4480 | −0.733% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4475 | −0.842% | $132K | $305K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4508 | −0.119% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4503 | −0.228% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4494 | −0.423% | $596K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4511 | −0.047% | $48K | $240K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4481 | −0.711% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4475 | −0.844% | $205 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4470 | −0.955% | $816K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4476 | −0.822% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4475 | −0.837% | $223K | $995K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4477 | −0.806% | $30K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4476 | −0.827% | — | — | 20x | as long as short |
| Injective WLD/USDC PERP | +0.0142% | 1h | 0.4538 | +0.552% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLDlong | +0.0157% | 1h | 0.4513 | long leg | $5K | $52K | 10x | |
| 01 Exchange WLDUSD | +0.0208% | 1h | 0.4475 | −0.849% | $320 | $55 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4477 | −0.793% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4485 | −0.623% | $4.8M | $902K | 75x | as long as short |
| Hyperliquid WLD | +0.0254% | 1h | 0.4479 | −0.762% | $48.6M | $44.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0530% | 1h | 0.4478 | −0.770% | $857K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0560% | 1h | 0.4479 | −0.756% | $264K | $1.6M | 50x | as long as short |
| Lighter WLD | +0.0568% | 1h | 0.4480 | −0.738% | $4.9M | $2.9M | 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
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Injective WLD/USDC PERP
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX
Lighter WLD