Funding you earn now, next payment 00:00 UTC−0.0184%/8h= −20.2% APRnext payment −$0.23 per $10,000 · paid last 24h −0.011%
Price spread now: Nado against Phoenix+0.264%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Nado is 0.264% dearer against Phoenix than usual: you sell high and buy low (spread +0.264% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix WLD | 0.4615 | 0.0157 | pay 0.0020% / 1h | 38m 56s | $5K | $53K | 10x |
| Short | Nado WLD-PERP | 0.4627 | −0.0027 | pay 0.0003% / 1h | 38m 56s | $279K | $169K | 5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$38.67
- Price spread: +0.264% → 0.000%
- $26.43
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$26.24
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Nado: live order book, 34 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 Nado live order book, 34 min ago | 5.24 bp | 13.4 bp −$13 | 28.1 bp −$281 | 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 | −0.0188% | 8h | 0.4629 | +0.297% | $58K | $3.9M | 1.7x | as long as short |
| Nado WLD-PERPshort | −0.0027% | 1h | 0.4627 | +0.264% | $279K | $169K | 5x | |
| KuCoin WLDUSDTM | −0.0014% | 8h | 0.4625 | +0.210% | $7.0M | $11.1M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4631 | +0.347% | $165K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4625 | +0.210% | $124K | $863K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4625 | +0.213% | $57K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4597 | −0.397% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0042% | 8h | 0.4624 | +0.189% | $28K | $903K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4630 | +0.311% | $193K | $984K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4633 | +0.383% | $54K | $482K | 5x | as long as short |
Show all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4627 | +0.254% | $87.6M | $304.1M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4627 | +0.254% | $66.5M | $82.3M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4626 | +0.232% | $34.7M | $144.7M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4627 | +0.254% | $7.6M | $35.3M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4628 | +0.275% | $47.2M | $53.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4626 | +0.232% | $30.7M | $26.2M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4627 | +0.254% | — | $67.1M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4628 | +0.271% | $138K | $280K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4618 | +0.054% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4618 | +0.059% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4612 | −0.068% | $609K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4622 | +0.145% | $54K | $229K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4627 | +0.262% | $56K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4629 | +0.297% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4623 | +0.167% | $215 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4628 | +0.275% | $861K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4621 | +0.124% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4627 | +0.244% | $234K | $847K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4624 | +0.196% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4624 | +0.184% | — | — | 20x | as long as short |
| Phoenix WLDlong | +0.0157% | 1h | 0.4615 | long leg | $5K | $53K | 10x | |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4627 | +0.254% | $4.9M | $831K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4626 | +0.225% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0248% | 1h | 0.4632 | +0.366% | $331 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0326% | 1h | 0.4626 | +0.222% | $911K | $2.7M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4630 | +0.319% | $274K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0728% | 1h | 0.4633 | +0.394% | $51.6M | $43.4M | 10x | as long as short |
| Lighter WLD | +0.0936% | 1h | 0.4632 | +0.368% | $5.2M | $2.0M | 10x | as long as short |
Phoenix WLD
Kalshi KXWLDPERP
KuCoin WLDUSDTM
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
Aster WLDUSDT
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
Phemex WLDUSDT
Extended WLD-USD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD