Funding you earn now, next payment 00:00 UTC−0.0119%/8h= −13.0% APRnext payment −$0.15 per $10,000 · paid last 24h −0.064%
Price spread now: Kraken Futures against Coinbase International−0.270%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$750.747% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.439%+$44 · spread now −0.270%, 7d avg −0.014%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.256% cheaper against Coinbase International than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International WLD-PERP-INTX | 0.4591 | 0.0448 | pay 0.0056% / 1h | 52m 20s | $274K | $1.6M | 50x |
| Short | Kraken Futures PF_WLDUSD | 0.4579 | 0.0329 | get 0.0041% / 1h | 52m 20s | $902K | $2.7M | 50x |
Coinbase International WLD-PERP-INTX
Kraken Futures PF_WLDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- −$24.96
- Price spread: −0.270% → −0.014%
- −$25.63
- Slippage, 4 orders
- −$54.69
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$125.28
- Costs to cover
- 0.747%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; Kraken Futures: live order book, 1 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 Coinbase International live order book, 1 min ago | 5.43 bp | 20.2 bp −$20 | 25.5 bp −$255 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 6.53 bp | 16.5 bp −$16 | 26.0 bp −$260 | 1021.9 bp −$102.2K | 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 | −0.0205% | 8h | 0.4588 | −0.065% | $63K | $3.9M | 1.7x | as long as short |
| ApeX Omni WLDUSDT | −0.0046% | 1h | 0.4583 | −0.174% | $54K | $228K | 50x | as long as short |
| Gate WLD_USDT | −0.0039% | 8h | 0.4592 | +0.022% | $7.5M | $35.0M | 75x | as long as short |
| KuCoin WLDUSDTM | −0.0003% | 8h | 0.4590 | −0.022% | $7.0M | $11.1M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4592 | +0.014% | $164K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4582 | −0.196% | $123K | $893K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4593 | +0.047% | $56K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0006% | 1h | 0.4595 | +0.076% | $277K | $169K | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4597 | +0.131% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0041% | 8h | 0.4581 | −0.218% | $28K | $904K | 10x | as long as short |
Kalshi KXWLDPERP
ApeX Omni WLDUSDT
Gate WLD_USDT
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Injective WLD/USDC PERP
Orderly PERP_WLD_USDCShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WLDUSDT | +0.0100% | 8h | 0.4595 | +0.085% | $192K | $984K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4593 | +0.049% | $54K | $487K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4578 | −0.274% | $86.5M | $303.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4576 | −0.327% | $65.7M | $82.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4580 | −0.240% | $34.4M | $143.4M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4593 | +0.044% | $46.5M | $53.1M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4580 | −0.240% | $30.3M | $26.1M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4593 | +0.044% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4596 | +0.118% | $137K | $283K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4593 | +0.041% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4577 | −0.294% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4589 | −0.033% | $609K | $1.9M | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4594 | +0.072% | $49K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4598 | +0.152% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4578 | −0.283% | $215 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4577 | −0.305% | $852K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4578 | −0.283% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4578 | −0.282% | $231K | $847K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4580 | −0.232% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4591 | −0.004% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4583 | −0.170% | $5K | $53K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4592 | +0.022% | $4.9M | $823K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4594 | +0.061% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4599 | +0.176% | $329 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSDshort | +0.0329% | 1h | 0.4579 | −0.270% | $902K | $2.7M | 50x | |
| Coinbase International WLD-PERP-INTXlong | +0.0448% | 1h | 0.4591 | long leg | $274K | $1.6M | 50x | |
| Hyperliquid WLD | +0.0737% | 1h | 0.4600 | +0.200% | $51.0M | $43.4M | 10x | as long as short |
| Lighter WLD | +0.1112% | 1h | 0.4587 | −0.089% | $5.2M | $2.0M | 10x | as long as short |
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
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
Hyperliquid WLD
Lighter WLD