Funding you earn now, next payment 09:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.084%
Price spread now: Coinbase International against BingX+0.022%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$750.748% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)+0.646%+$65 · spread now +0.022%, 7d avg +0.071%
=Funding pays, the price is against you. Coinbase International is 0.049% cheaper against BingX than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.071%). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.066% in total) that is about 5.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.4% a year). A funding rate is set anew for every payment. 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 | BingX WLD-USDC | 0.4542 | 0.0100 | pay 0.0100% / 8h | 6h 58m | — | $1.3M | — |
| Short | Coinbase International WLD-PERP-INTX | 0.4543 | 0.0416 | get 0.0052% / 1h | 58m 14s | $268K | $1.5M | 50x |
BingX WLD-USDC
Coinbase International WLD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BingX. 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
- $66.36
- Price spread: +0.022% → +0.071%
- −$4.91
- Slippage, 4 orders
- −$54.75
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$13.3
- Costs to cover
- 0.748%
- Break-even
- 8.4 days
Slippage from BingX: live order book, 8 min ago; Coinbase International: live order book, 5 min ago.
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 BingX live order book, 8 min ago | 2.20 bp | 15.8 bp −$16 | 66.4 bp −$664 | 489.7 bp −$49.0K | 753.5 bp −$376.7K |
| Sell Coinbase International live order book, 5 min ago | 3.29 bp | 17.6 bp −$18 | 23.7 bp −$237 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX WLD-USD | 0.0000% | 1h | 0.4540 | −0.053% | $155K | $31K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4544 | +0.044% | $36K | $4.5M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4542 | 0.000% | $120K | $973K | 25x | as long as short |
| Nado WLD-PERP | +0.0001% | 1h | 0.4537 | −0.099% | $235K | $170K | 5x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4556 | +0.302% | $66K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0033% | 1h | 0.4508 | −0.749% | $6K | $185K | 5.5x | as long as short |
| 01 Exchange WLDUSD | +0.0088% | 1h | 0.4545 | +0.068% | $325 | $55 | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4540 | −0.044% | $27K | $498K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4542 | +0.001% | $215K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4540 | −0.043% | $56K | $540K | 5x | as long as short |
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
Nado WLD-PERP
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
01 Exchange WLDUSD
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 | 0.4539 | −0.066% | $86.7M | $330.3M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4539 | −0.066% | $65.2M | $89.0M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4538 | −0.088% | $34.5M | $149.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4539 | −0.066% | $7.1M | $32.0M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4541 | −0.022% | $41.4M | $55.8M | 300x | as long as short |
| KuCoin WLDUSDTM | +0.0100% | 8h | 0.4539 | −0.066% | $6.7M | $11.6M | 50x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4540 | −0.044% | $29.9M | $30.9M | 75x | as long as short |
| BingX WLD-USDClong | +0.0100% | 8h | 0.4542 | long leg | — | $1.3M | — | |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4551 | +0.196% | $128K | $283K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4549 | +0.147% | $2.1M | $1.5M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4552 | +0.229% | $27K | $323K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4554 | +0.266% | $601K | $2.2M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4555 | +0.286% | $48K | $237K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4544 | +0.044% | $49K | $2.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4548 | +0.132% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4537 | −0.110% | $223 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4539 | −0.066% | $832K | $1.3M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4541 | −0.022% | $1.7M | $3.5M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4538 | −0.082% | $215K | $803K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4541 | −0.017% | $31K | $500 | 3x | as long as short |
| Hyperliquid WLD | +0.0134% | 1h | 0.4546 | +0.088% | $50.5M | $43.2M | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4549 | +0.158% | — | — | 20x | as long as short |
| Lighter WLD | +0.0136% | 1h | 0.4543 | +0.020% | $4.9M | $3.0M | 10x | as long as short |
| Phoenix WLD | +0.0194% | 1h | 0.4556 | +0.308% | $4K | $43K | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0201% | 1h | 0.4538 | −0.077% | $900K | $2.7M | 50x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4552 | +0.226% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4551 | +0.198% | $4.4M | $949K | 75x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.0416% | 1h | 0.4543 | +0.022% | $268K | $1.5M | 50x |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
KuCoin WLDUSDTM
Bitget WLDUSDT
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
Hyperliquid WLD
Reya WLDRUSDPERP
Lighter WLD
Phoenix WLD
Kraken Futures PF_WLDUSD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT