Funding you earn now, next payment 01:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h +0.009%
Price spread now: Kraken Futures against Bybit+0.053%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$670.666% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 3 days (all we have)+0.145%+$15 · spread now +0.053%, 7d avg +0.074%
=Funding pays, the price is against you. Kraken Futures is 0.021% cheaper against Bybit than usual: you would sell low and buy high (spread +0.053% now, against its 7-day average of +0.074%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.112% in total) that is about 31 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.9% 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 | Bybit WLDUSDT | 0.4678 | 0.0100 | pay 0.0100% / 8h | 7h 00m | $67.6M | $84.2M | 50x |
| Short | Kraken Futures PF_WLDUSD | 0.4680 | 0.0322 | get 0.0040% / 1h | 0m 52s | $928K | $2.8M | 50x |
Bybit WLDUSDT
Kraken Futures PF_WLDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $46.62
- Price spread: +0.053% → +0.074%
- −$2.09
- Slippage, 4 orders
- −$45.6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$22.07
- Costs to cover
- 0.666%
- Break-even
- 10.3 days
Slippage from Bybit: live order book, 3 min ago; Kraken Futures: live order book, 3 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 Bybit live order book, 3 min ago | 1.06 bp | 9.7 bp −$10 | 22.7 bp −$227 | 160.7 bp −$16.1K | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 9.55 bp | 20.1 bp −$20 | 30.4 bp −$304 | 1066.4 bp −$106.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0161% | 8h | 0.4684 | +0.128% | $29K | $4.1M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0025% | 8h | 0.4664 | −0.299% | $7.0M | $11.2M | 50x | as long as short |
| Nado WLD-PERP | −0.0021% | 1h | 0.4676 | −0.043% | $271K | $178K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4679 | +0.026% | $167K | $12K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4675 | −0.064% | $129K | $904K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4674 | −0.087% | $55K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4744 | +1.411% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0051% | 8h | 0.4674 | −0.086% | $28K | $899K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4674 | −0.078% | $214K | $996K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4682 | +0.088% | $55K | $485K | 5x | as long as short |
Kalshi KXWLDPERP
KuCoin WLDUSDTM
Nado WLD-PERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
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 | 0.4683 | +0.107% | $89.3M | $313.0M | 75x | as long as short |
| Bybit WLDUSDTlong | +0.0100% | 8h | 0.4678 | long leg | $67.6M | $84.2M | 50x | |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4679 | +0.021% | $35.3M | $149.6M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4675 | −0.064% | $7.4M | $37.1M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4674 | −0.086% | $47.6M | $55.4M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4669 | −0.192% | $31.2M | $27.6M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4679 | +0.021% | — | $67.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4670 | −0.180% | $138K | $279K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4673 | −0.114% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4713 | +0.748% | $28K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4742 | +1.366% | $626K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4709 | +0.663% | $57K | $233K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4680 | +0.038% | $46K | $1.8M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4684 | +0.128% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4676 | −0.043% | $225 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4670 | −0.171% | $888K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4673 | −0.107% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4669 | −0.197% | $215K | $905K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4677 | −0.031% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4677 | −0.027% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4732 | +1.154% | $5K | $53K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4671 | −0.150% | $5.0M | $867K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0239% / S −0.1538% | 1h | 0.4674 | −0.089% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4681 | +0.062% | $335 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSDshort | +0.0322% | 1h | 0.4680 | +0.053% | $928K | $2.8M | 50x | |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4689 | +0.235% | $273K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0866% | 1h | 0.4677 | −0.011% | $52.4M | $44.2M | 10x | as long as short |
| Lighter WLD | +0.1000% | 1h | 0.4683 | +0.115% | $5.3M | $2.1M | 10x | as long as short |
Binance 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
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD