Funding you earn now, next payment 04:00 UTC−0.0460%/8h= −50.4% APRnext payment −$0.57 per $10,000 · paid last 24h −0.067%
Price spread now: Polymarket Perps against Coinbase International−0.268%47s7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$570.572% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)+0.239%+$24 · spread now −0.268%, 7d avg −0.039%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Polymarket Perps is 0.229% cheaper against Coinbase International than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.039%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 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 | Coinbase International WLD-PERP-INTX | 0.4548 | 0.0560 | pay 0.0070% / 1h | 24m 29s | $266K | $1.6M | 50x |
| Short | Polymarket Perps WLD-USD | 0.4536 | 0.0100 | get 0.0013% / 1h | 24m 29s | $39K | $2.1M | 10x |
Coinbase International WLD-PERP-INTX
Polymarket Perps WLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$96.6
- Price spread: −0.268% → −0.039%
- −$22.91
- Slippage, 4 orders
- −$39.18
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$176.69
- Costs to cover
- 0.572%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Polymarket Perps: live order book, 4 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, 4 min ago | 6.58 bp | 20.2 bp −$20 | 27.6 bp −$276 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 4 min ago | 2.85 bp | 6.9 bp −$7 | 7.1 bp −$71 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0029% | 1h | 0.4540 | −0.187% | $241K | $205K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4540 | −0.174% | $155K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4541 | −0.154% | $61K | $4.6M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4544 | −0.088% | $123K | $939K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4543 | −0.115% | $65K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0025% | 8h | 0.4537 | −0.242% | $6.9M | $11.7M | 50x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4543 | −0.118% | $208K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4539 | −0.191% | $49K | $524K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4539 | −0.200% | $86.6M | $329.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4537 | −0.242% | $64.6M | $89.9M | 50x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4537 | −0.242% | $34.3M | $150.5M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4541 | −0.154% | $7.2M | $36.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4541 | −0.154% | $41.3M | $54.7M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4534 | −0.308% | $29.9M | $30.0M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4539 | −0.198% | — | $67.7M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4544 | −0.088% | $136K | $302K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4546 | −0.051% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4554 | +0.140% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4562 | +0.308% | $600K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4557 | +0.198% | $43K | $238K | 50x | as long as short |
| Polymarket Perps WLD-USDshort | +0.0100% | 1h | 0.4536 | −0.268% | $39K | $2.1M | 10x | |
| Orderly PERP_WLD_USDC | +0.0100% | 8h | 0.4543 | −0.110% | $28K | $868K | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4549 | +0.022% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4542 | −0.132% | $203 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4543 | −0.110% | $830K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4545 | −0.066% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4539 | −0.193% | $216K | $984K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4543 | −0.114% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4535 | −0.293% | — | — | 20x | as long as short |
| Injective WLD/USDC PERP | +0.0142% | 1h | 0.4576 | +0.616% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4552 | +0.099% | $5K | $52K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4544 | −0.088% | $4.9M | $890K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4543 | −0.118% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0288% | 1h | 0.4543 | −0.103% | $325 | $55 | 5x | as long as short |
| Hyperliquid WLD | +0.0388% | 1h | 0.4543 | −0.119% | $49.9M | $43.4M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0523% | 1h | 0.4544 | −0.089% | $883K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTXlong | +0.0560% | 1h | 0.4548 | long leg | $266K | $1.6M | 50x | |
| Lighter WLD | +0.0824% | 1h | 0.4548 | +0.002% | $5.2M | $2.6M | 10x | as long as short |
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
Orderly PERP_WLD_USDC
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Injective WLD/USDC PERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD