Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Phoenix against Binance+0.675%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Phoenix is 0.675% dearer against Binance than usual: you sell high and buy low (spread +0.675% now, against zero (this spread has no 7-day history yet)): +$67 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 7 days (−0.016% in total) that is about 10 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance WLDUSDT | 0.4639 | 0.0100 | pay 0.0100% / 8h | 5h 57m | $88.3M | $323.2M | 75x |
| Short | Phoenix WLD | 0.4670 | 0.0068 | get 0.0009% / 1h | 57m 18s | $5K | $54K | 10x |
Binance WLDUSDT
Phoenix WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- −$6.7
- Price spread: +0.675% → 0.000%
- $67.47
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $43.77
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 1 min ago; Phoenix: no order-book sample. 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 Binance live order book, 1 min ago | 1.07 bp | 8.8 bp −$9 | 14.2 bp −$142 | 58.2 bp −$5,821 | 223.0 bp −$111.5K |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 37 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 | −0.0136% | 8h | 0.4655 | +0.345% | $58K | $4.4M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0036% | 8h | 0.4629 | −0.216% | $7.1M | $11.5M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4633 | −0.124% | $165K | $26K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4637 | −0.043% | $120K | $923K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4636 | −0.065% | $56K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0067% | 8h | 0.4636 | −0.065% | $28K | $895K | 10x | as long as short |
| Phoenix WLDshort | +0.0068% | 1h | 0.4670 | +0.675% | $5K | $54K | 10x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4637 | −0.043% | $178K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4637 | −0.041% | $51K | $510K | 5x | as long as short |
| Binance WLDUSDTlong | +0.0100% | 8h | 0.4639 | long leg | $88.3M | $323.2M | 75x |
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4638 | −0.022% | $66.4M | $87.2M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4636 | −0.065% | $35.0M | $149.0M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4633 | −0.129% | $7.3M | $36.3M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4630 | −0.194% | $45.5M | $54.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4634 | −0.108% | $30.8M | $29.2M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4636 | −0.065% | — | $67.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4649 | +0.224% | $137K | $285K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4667 | +0.597% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4669 | +0.652% | $28K | $319K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4667 | +0.604% | $616K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4658 | +0.410% | $51K | $236K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4633 | −0.131% | $65K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4640 | +0.022% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4654 | +0.323% | $298 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4653 | +0.302% | $851K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4651 | +0.259% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4630 | −0.195% | $214K | $887K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4638 | −0.015% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4630 | −0.199% | — | — | 20x | as long as short |
| Nado WLD-PERP | +0.0165% | 1h | 0.4633 | −0.119% | $269K | $187K | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4637 | −0.036% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0272% | 1h | 0.4636 | −0.075% | $332 | $80 | 5x | as long as short |
| Hyperliquid WLD | +0.0420% | 1h | 0.4637 | −0.032% | $51.6M | $43.4M | 10x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0480% | 1h | 0.4660 | +0.453% | $276K | $1.7M | 50x | as long as short |
| Lighter WLD | +0.0608% | 1h | 0.4648 | +0.185% | $5.3M | $2.1M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0677% | 1h | 0.4666 | +0.582% | $6K | $185K | 5.5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0889% | 1h | 0.4656 | +0.373% | $904K | $2.9M | 50x | as long as short |
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
Aevo WLD-PERP
Reya WLDRUSDPERP
Nado WLD-PERP
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Hyperliquid WLD
Coinbase International WLD-PERP-INTX
Lighter WLD
Injective WLD/USDC PERP
Kraken Futures PF_WLDUSD