Funding you earn now, next payment 11:00 UTC−0.0212%/8h= −23.2% APRnext payment −$0.26 per $10,000 · paid last 24h −0.006%
Price spread now: Deribit against dYdX−0.022%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$243as in the Funding arb table
Net, price: spread back to 7d avg − costs−$248as in the Price arb table
costs, in and out, $10k−$2442.445% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)+0.353%+$35 · spread now −0.022%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Deribit is 0.037% cheaper against dYdX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX WLD-USD | 0.4456 | 0.0013 | pay 0.0002% / 1h | 51m 08s | $152K | $31K | 10x |
| Short | Deribit WLD_USDC-PERPETUAL | 0.4455 | −0.0199 | pay 0.0025% / 1h | 51m 08s | $101K | $1.1M | 25x |
dYdX WLD-USD
Deribit WLD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$44.46
- Price spread: −0.022% → +0.015%
- −$3.73
- Slippage, 4 orders
- −$227.5
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$292.69
- Costs to cover
- 2.445%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 61 min ago; Deribit: 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 dYdX live order book, 61 min ago | 50.90 bp | 55.9 bp −$56 | 73.0 bp −$730 | 108.3 bp −$10.8K | 570.0 bp −$285.0K |
| Sell Deribit live order book, 1 min ago | 5.62 bp | 9.1 bp −$9 | 23.6 bp −$236 | doesn't fit | doesn't fit |
WLD on 38 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit WLD_USDC-PERPETUALshort | −0.0199% | 1h | 0.4455 | −0.022% | $101K | $1.1M | 25x | |
| Kraken Futures PF_WLDUSD | −0.0194% | 1h | 0.4456 | +0.010% | $856K | $2.6M | 50x | as long as short |
| Nado WLD-PERP | −0.0135% | 1h | 0.4452 | −0.089% | $234K | $159K | 5x | as long as short |
| Polymarket Perps WLD-USD | −0.0124% | 1h | 0.4450 | −0.141% | $48K | $2.6M | 10x | as long as short |
| Bybit WLDUSDT | −0.0121% | 8h | 0.4453 | −0.067% | $63.6M | $85.0M | 50x | as long as short |
| 01 Exchange WLDUSD | −0.0088% | 1h | 0.4455 | −0.029% | $319 | $55 | 5x | as long as short |
| Gate WLD_USDT | −0.0088% | 8h | 0.4456 | +0.001% | $7.0M | $31.1M | 75x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4456 | +0.001% | $69K | $4.2M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4475 | +0.426% | $65K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0007% | 1h | 0.4477 | +0.472% | $6K | $185K | 5.5x | as long as short |
Kraken Futures PF_WLDUSD
Nado WLD-PERP
Polymarket Perps WLD-USD
Bybit WLDUSDT
01 Exchange WLDUSD
Gate WLD_USDT
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERPShow all 38 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX WLD-USDlong | +0.0013% | 1h | 0.4456 | long leg | $152K | $31K | 10x | |
| Phoenix WLD | +0.0053% | 1h | 0.4481 | +0.555% | $4K | $40K | 10x | as long as short |
| KuCoin WLDUSDTM | +0.0063% | 8h | 0.4453 | −0.067% | $6.5M | $10.4M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0089% | 8h | 0.4453 | −0.067% | $27K | $335K | 10x | as long as short |
| Variational Omni WLD | +0.0094% | 8h | 0.4473 | +0.390% | $2.1M | $1.4M | — | as long as short |
| Lighter WLD | +0.0096% | 1h | 0.4459 | +0.072% | $4.8M | $3.0M | 10x | as long as short |
| Hyperliquid WLD | +0.0100% | 1h | 0.4459 | +0.061% | $49.1M | $28.8M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4455 | −0.027% | $209K | $884K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4453 | −0.074% | $58K | $498K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4454 | −0.043% | $84.7M | $313.0M | 75x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4454 | −0.044% | $33.8M | $141.0M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4456 | +0.001% | $41.4M | $54.4M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4455 | −0.022% | $29.4M | $28.6M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4456 | +0.001% | — | $55.4M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4457 | +0.027% | $129K | $275K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4473 | +0.376% | $27K | $322K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4471 | +0.337% | $593K | $2.2M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4474 | +0.405% | $59K | $242K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4459 | +0.068% | $22K | $1.4M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4453 | −0.067% | $229 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4453 | −0.067% | $817K | $1.2M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4457 | +0.023% | $1.7M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4450 | −0.134% | $210K | $659K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4455 | −0.031% | $30K | $500 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4450 | −0.125% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0218% / S −0.0967% | 1h | 0.4463 | +0.159% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4452 | −0.089% | $4.8M | $912K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0344% | 1h | 0.4459 | +0.068% | $270K | $973K | 50x | as long as short |
Phoenix WLD
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Variational Omni WLD
Lighter WLD
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX