WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0456%/8h= +49.9% APRnext payment +$0.57 per $10,000 · paid last 24h +0.094%

Price spread now: Coinbase International against Deribit+0.086%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$630.626% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 3 days (all we have)−0.228%−$23 · spread now +0.086%, 7d avg +0.023%

Together, before fees−0.025%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Coinbase International is 0.063% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.023%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.203% in total (about 10.6% 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	Deribit WLD_USDC-PERPETUAL	0.4646	0	get 0.0000% / 1h	42m 16s	$131K	$909K	25x
Short	Coinbase International WLD-PERP-INTX	0.4650	0.0456	get 0.0057% / 1h	42m 16s	$274K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.086%Rate

Funding earned: $95.76
Price spread: +0.086% → +0.023%: $6.35
Slippage, 4 orders: −$45.55
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $39.55
Costs to cover: 0.626%
Break-even: 4.1 days

Slippage from Deribit: live order book, 27 min ago; Coinbase International: 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 Deribit live order book, 27 min ago	5.29 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	8.54 bp	21.7 bp −$22	26.9 bp −$269	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
Injective WLD/USDC PERP	−0.0235%	1h	0.4675	+0.624%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0158%	8h	0.4648	+0.043%	$26K	$4.3M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0040%	8h	0.4642	−0.086%	$7.0M	$11.4M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4638	−0.176%	$158K	$19K	10x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4646	long leg	$131K	$909K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4646	−0.003%	$66K	—	150x	as long as short
Nado WLD-PERP	+0.0008%	1h	0.4648	+0.054%	$270K	$178K	5x	as long as short
ApeX Omni WLDUSDT	+0.0029%	1h	0.4699	+1.141%	$51K	$241K	50x	as long as short
Orderly PERP_WLD_USDC	+0.0055%	8h	0.4646	0.000%	$28K	$898K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4686	+0.859%	$5K	$54K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4651	+0.117%	$178K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4641	−0.105%	$56K	$493K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4646	0.000%	$88.7M	$320.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4645	−0.022%	$66.6M	$86.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4650	+0.086%	$35.1M	$151.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4642	−0.086%	$7.4M	$36.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4648	+0.043%	$46.9M	$54.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4646	0.000%	$31.0M	$28.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4649	+0.065%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4650	+0.082%	$141K	$289K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4677	+0.662%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4700	+1.153%	$28K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4683	+0.797%	$620K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4648	+0.052%	$59K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4653	+0.151%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4642	−0.086%	$223	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4652	+0.129%	$881K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4646	0.000%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4644	−0.046%	$214K	$888K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4647	+0.032%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4646	−0.004%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4719	+1.571%	$5.0M	$878K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4646	−0.004%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0312%	1h	0.4648	+0.034%	$333	$77	5x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0456%	1h	0.4650	+0.086%	$274K	$1.7M	50x
Kraken Futures PF_WLDUSD	+0.0644%	1h	0.4644	−0.041%	$922K	$2.8M	50x	as long as short
Hyperliquid WLD	+0.0661%	1h	0.4655	+0.189%	$52.1M	$44.6M	10x	as long as short
Lighter WLD	+0.0864%	1h	0.4655	+0.202%	$5.3M	$2.1M	10x	as long as short