Funding you earn now, next payment 08:00 UTC−0.0359%/8h= −39.3% APRnext payment −$3.59 per $10,000 · paid last 24h +0.027%
Price spread now: Phemex against Variational Omni+0.494%7-day average +0.019% · 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)+0.037%+$4 on $10k
+Price spread, last 3 days (all we have)−0.288%−$29 · spread now +0.494%, 7d avg +0.019%
=Together, before fees−0.252%+ Points / potential airdropVariational Omni: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.474% dearer against Variational Omni than usual: you sell high and buy low (spread +0.494% now, against its 7-day average of +0.019%): +$47 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 4.4 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.037% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni WLD | 0.4717 | 0.0100 | pay 0.0100% / 8h | 7h 16m | $2.1M | $1.7M | — |
| Short | Phemex WLDUSDT | 0.4740 | −0.0259 | pay 0.0259% / 8h | 7h 16m | $1.9M | $3.7M | 50x |
Variational Omni WLD
Phemex WLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Variational Omni. 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
- −$75.31
- Price spread: +0.494% → +0.019%
- $47.45
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$39.86
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Phemex: 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 Variational Omni RFQ quote, 2 min ago | 5.30 bp | doesn't fit | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 30.80 bp | 91.8 bp −$92 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex WLDUSDTshort | −0.0259% | 8h | 0.4740 | +0.494% | $1.9M | $3.7M | 50x | |
| Kalshi KXWLDPERP | −0.0167% | 8h | 0.4742 | +0.536% | $32K | $4.0M | 1.7x | as long as short |
| Nado WLD-PERP | −0.0031% | 1h | 0.4747 | +0.631% | $279K | $176K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0016% | 8h | 0.4747 | +0.642% | $7.1M | $11.2M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4752 | +0.742% | $170K | $12K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0002% | 1h | 0.4741 | +0.515% | $57K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4744 | +0.578% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0049% | 8h | 0.4742 | +0.536% | $29K | $902K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4751 | +0.717% | $212K | $974K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4753 | +0.778% | $56K | $482K | 5x | as long as short |
Kalshi KXWLDPERP
Nado WLD-PERP
KuCoin WLDUSDTM
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
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 | 0.4752 | +0.748% | $90.9M | $309.4M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4754 | +0.790% | $68.9M | $83.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4754 | +0.790% | $36.1M | $150.7M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4750 | +0.706% | $7.7M | $36.2M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4753 | +0.769% | $49.2M | $54.7M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4751 | +0.727% | $31.8M | $27.1M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4752 | +0.748% | — | $67.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4750 | +0.714% | $141K | $277K | 10x | as long as short |
| Variational Omni WLDlong | +0.0100% | 8h | 0.4717 | long leg | $2.1M | $1.7M | — | |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4710 | −0.141% | $28K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4720 | +0.068% | $623K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4712 | −0.100% | $57K | $231K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4751 | +0.720% | $47K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4747 | +0.642% | $24K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4744 | +0.578% | $230 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4740 | +0.494% | $878K | $1.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4748 | +0.673% | $219K | $894K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4744 | +0.589% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4744 | +0.574% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4717 | +0.010% | $5K | $53K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0172% | 1h | 0.4746 | +0.621% | $136K | $863K | 25x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4745 | +0.600% | $5.0M | $881K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0240% / S −0.1538% | 1h | 0.4738 | +0.460% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0240% | 1h | 0.4749 | +0.678% | $340 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0317% | 1h | 0.4747 | +0.647% | $935K | $2.7M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4751 | +0.727% | $278K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0862% | 1h | 0.4760 | +0.918% | $53.4M | $43.8M | 10x | as long as short |
| Lighter WLD | +0.1016% | 1h | 0.4762 | +0.962% | $5.4M | $2.0M | 10x | as long as short |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
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
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
Deribit WLD_USDC-PERPETUAL
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD