Funding you earn now, next payment 00:00 UTC+0.0448%/8h= +49.1% APRnext payment +$0.56 per $10,000 · paid last 24h +0.074%
Price spread now: Coinbase International against dYdX−0.027%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$299as in the Funding arb table
Net, price: spread back to 7d avg − costs−$326as in the Price arb table
costs, in and out, $10k−$3203.200% of the position
Funding, last 7 days+0.206%+$21 on $10k
+Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.027%, 7d avg +0.034%
=Funding pays, the price is against you. Coinbase International is 0.061% cheaper against dYdX than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.034%). If the spread goes back, that is −$6 on $10k: about 11 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.206% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.206% in total (about 10.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.56 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 | dYdX WLD-USD | 0.4689 | 0 | get 0.0000% / 1h | 26m 51s | $167K | $13K | 10x |
| Short | Coinbase International WLD-PERP-INTX | 0.4688 | 0.0448 | get 0.0056% / 1h | 26m 51s | $278K | $1.7M | 50x |
dYdX WLD-USD
Coinbase International WLD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against dYdX. 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
- $94.08
- Price spread: −0.027% → +0.034%
- −$6.06
- Slippage, 4 orders
- −$299.97
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$231.96
- Costs to cover
- 3.200%
- Break-even
- 24.3 days
Slippage from dYdX: live order book, 47 min ago; Coinbase International: live order book, 2 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 dYdX live order book, 47 min ago | 98.52 bp | 105.6 bp −$106 | 107.6 bp −$1,076 | 114.9 bp −$11.5K | 226.8 bp −$113.4K |
| Sell Coinbase International live order book, 2 min ago | 7.47 bp | 24.9 bp −$25 | 27.5 bp −$275 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0177% | 8h | 0.4690 | +0.016% | $38K | $3.9M | 1.7x | as long as short |
| Phemex WLDUSDT | −0.0093% | 8h | 0.4695 | +0.123% | $1.9M | $3.7M | 50x | as long as short |
| Nado WLD-PERP | −0.0025% | 1h | 0.4693 | +0.091% | $281K | $170K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0017% | 8h | 0.4692 | +0.059% | $7.0M | $11.1M | 50x | as long as short |
| dYdX WLD-USDlong | 0.0000% | 1h | 0.4689 | long leg | $167K | $13K | 10x | |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4695 | +0.123% | $135K | $863K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4694 | +0.103% | $58K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4659 | −0.645% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0045% | 8h | 0.4694 | +0.101% | $29K | $903K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4697 | +0.175% | $192K | $972K | 50x | as long as short |
Kalshi KXWLDPERP
Phemex WLDUSDT
Nado WLD-PERP
KuCoin WLDUSDTM
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4692 | +0.067% | $55K | $481K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4698 | +0.178% | $89.5M | $305.4M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4701 | +0.251% | $67.7M | $82.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4700 | +0.229% | $35.4M | $147.6M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4698 | +0.187% | $7.6M | $35.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4698 | +0.187% | $48.8M | $54.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4697 | +0.165% | $31.3M | $26.4M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4699 | +0.208% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4696 | +0.133% | $140K | $279K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4661 | −0.607% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4656 | −0.709% | $28K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4662 | −0.581% | $616K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4661 | −0.602% | $55K | $229K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4694 | +0.095% | $56K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4701 | +0.251% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4695 | +0.123% | $222 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4692 | +0.059% | $872K | $1.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4696 | +0.144% | $221K | $863K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4696 | +0.144% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4692 | +0.054% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4668 | −0.442% | $5K | $53K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4693 | +0.080% | $4.9M | $869K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0239% / S −0.1538% | 1h | 0.4693 | +0.070% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0248% | 1h | 0.4697 | +0.170% | $336 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0321% | 1h | 0.4699 | +0.200% | $923K | $2.7M | 50x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.0448% | 1h | 0.4688 | −0.027% | $278K | $1.7M | 50x | |
| Hyperliquid WLD | +0.0786% | 1h | 0.4702 | +0.276% | $52.4M | $43.6M | 10x | as long as short |
| Lighter WLD | +0.0920% | 1h | 0.4704 | +0.310% | $5.3M | $2.0M | 10x | as long as short |
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
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
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Hyperliquid WLD
Lighter WLD