Funding you earn now, next payment 00:00 UTC−0.0166%/8h= −18.2% APRpaid last 24h +0.005%
Price spread now: KuCoin against Phoenix−0.303%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.030%+$3 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 KuCoin is 0.303% cheaper against Phoenix than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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 | 0.4749 | 0.0157 | pay 0.0020% / 1h | 10m 21s | $5K | $53K | 10x |
| Short | KuCoin WLDUSDTM | 0.4735 | −0.0009 | pay 0.0009% / 8h | 7h 10m | $7.1M | $11.1M | 50x |
Phoenix WLD
KuCoin WLDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$34.88
- Price spread: −0.303% → 0.000%
- −$30.32
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$84.2
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago | 2.11 bp | 21.1 bp −$21 | 29.0 bp −$290 | 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 | −0.0159% | 8h | 0.4726 | −0.493% | $22K | $4.0M | 1.7x | as long as short |
| Nado WLD-PERP | −0.0027% | 1h | 0.4738 | −0.230% | $275K | $178K | 5x | as long as short |
| KuCoin WLDUSDTMshort | −0.0009% | 8h | 0.4735 | −0.303% | $7.1M | $11.1M | 50x | |
| dYdX WLD-USD | 0.0000% | 1h | 0.4735 | −0.309% | $169K | $12K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4725 | −0.514% | $135K | $863K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4727 | −0.472% | $56K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4744 | −0.114% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0050% | 8h | 0.4723 | −0.556% | $29K | $900K | 10x | as long as short |
| Phemex WLDUSDT | +0.0057% | 8h | 0.4720 | −0.619% | $1.9M | $3.7M | 50x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4734 | −0.316% | $211K | $983K | 50x | as long as short |
Kalshi KXWLDPERP
Nado WLD-PERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
Phemex WLDUSDT
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4737 | −0.265% | $55K | $482K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4729 | −0.422% | $90.5M | $310.6M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4723 | −0.556% | $68.3M | $83.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4721 | −0.598% | $36.0M | $149.8M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4732 | −0.366% | $7.6M | $36.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4731 | −0.387% | $49.5M | $54.9M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4717 | −0.682% | $31.6M | $27.3M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4730 | −0.408% | — | $67.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4719 | −0.632% | $140K | $277K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4717 | −0.688% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4762 | +0.274% | $28K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4749 | −0.001% | $627K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4768 | +0.392% | $58K | $232K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4740 | −0.204% | $49K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4741 | −0.177% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4718 | −0.661% | $225 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4721 | −0.598% | $898K | $1.9M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4718 | −0.652% | $218K | $894K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4722 | −0.587% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4731 | −0.392% | — | — | 20x | as long as short |
| Phoenix WLDlong | +0.0157% | 1h | 0.4749 | long leg | $5K | $53K | 10x | |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4720 | −0.619% | $5.0M | $877K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0239% / S −0.1538% | 1h | 0.4728 | −0.444% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4741 | −0.175% | $339 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0319% | 1h | 0.4721 | −0.588% | $935K | $2.7M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4723 | −0.556% | $277K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0878% | 1h | 0.4744 | −0.103% | $53.2M | $44.1M | 10x | as long as short |
| Lighter WLD | +0.1024% | 1h | 0.4729 | −0.427% | $5.3M | $2.0M | 10x | as long as short |
Pacifica WLD
Binance WLDUSDT
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
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD