Funding you earn now, next payment 20:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.001%
Price spread now: Variational Omni against Phoenix+0.306%54s7-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
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Variational Omni is 0.306% dearer against Phoenix than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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 | 0.4637 | −0.0091 | get 0.0011% / 1h | 56m 24s | $2K | $52K | 10x |
| Short | Variational Omni WLD | 0.4652 | −0.0081 | pay 0.0081% / 8h | 2h 56m | $2.1M | $1.7M | — |
Phoenix WLD
Variational Omni WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $2.06
- Price spread: +0.306% → 0.000%
- $30.56
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $25.61
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 3 min ago | 5.39 bp | doesn't fit | 18.3 bp −$183 | 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 | −0.0297% | 8h | 0.4628 | −0.203% | $31K | $3.7M | 1.7x | as long as short |
| Phoenix WLDlong | −0.0091% | 1h | 0.4637 | long leg | $2K | $52K | 10x | |
| Variational Omni WLDshort | −0.0081% | 8h | 0.4652 | +0.306% | $2.1M | $1.7M | — | |
| Orderly PERP_WLD_USDC | −0.0029% | 8h | 0.4629 | −0.181% | $28K | $922K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4631 | −0.139% | $158K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4630 | −0.160% | $156K | $784K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4619 | −0.386% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0012% | 8h | 0.4617 | −0.440% | $7.0M | $10.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0030% | 8h | 0.4618 | −0.418% | $34.9M | $138.0M | 50x | as long as short |
| Bybit WLDUSDT | +0.0052% | 8h | 0.4620 | −0.375% | $68.0M | $78.7M | 50x | as long as short |
Kalshi KXWLDPERP
Orderly PERP_WLD_USDC
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
OKX WLD-USDT-SWAP
Bybit WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC WLD_USDT | +0.0084% | 8h | 0.4619 | −0.397% | $54.5M | $46.0M | 300x | as long as short |
| Binance WLDUSDT | +0.0085% | 8h | 0.4620 | −0.375% | $88.4M | $289.1M | 75x | as long as short |
| Nado WLD-PERP | +0.0088% | 1h | 0.4617 | −0.451% | $357K | $130K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4632 | −0.124% | $212K | $984K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4630 | −0.151% | $56K | $475K | 5x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4621 | −0.354% | $7.6M | $33.8M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4618 | −0.418% | $30.5M | $24.9M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4621 | −0.354% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4630 | −0.164% | $131K | $293K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4638 | +0.017% | $27K | $314K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4635 | −0.052% | $624K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4638 | +0.013% | $56K | $226K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4620 | −0.380% | $57K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4633 | −0.095% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4628 | −0.203% | $201 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4624 | −0.289% | $870K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4625 | −0.267% | $1.9M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4620 | −0.375% | $135K | $744K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4629 | −0.170% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4619 | −0.395% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0204% | 8h | 0.4627 | −0.224% | $5.0M | $876K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0223% / S −0.1831% | 1h | 0.4631 | −0.146% | $9K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0240% | 1h | 0.4622 | −0.332% | $331 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4647 | +0.207% | $6K | $90K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4635 | −0.052% | $276K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0435% | 1h | 0.4626 | −0.250% | $48.1M | $40.4M | 10x | as long as short |
| Lighter WLD | +0.0880% | 1h | 0.4640 | +0.060% | $5.1M | $1.9M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1077% | 1h | 0.4630 | −0.156% | $928K | $2.5M | 50x | as long as short |
MEXC WLD_USDT
Binance WLDUSDT
Nado WLD-PERP
Aster WLDUSDT
Pacifica WLD
Gate WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
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
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD
Kraken Futures PF_WLDUSD