Funding you earn now, next payment 05:00 UTC+0.0139%/8h= +15.2% APRnext payment +$0.17 per $10,000 · paid last 24h +0.009%
Price spread now: Phoenix against gTrade (Gains Network)−0.339%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.339% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.339% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 8.1 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) WLD/USD | 0.4576 | L +0.0003% / S −0.0003% | pay 0.0000% / 1h | 7m 07s | $66K | — | 150x |
| Short | Phoenix WLD | 0.4560 | 0.0142 | get 0.0018% / 1h | 7m 07s | $5K | $52K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against gTrade (Gains Network). 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
- $29.22
- Price spread: −0.339% → 0.000%
- −$33.9
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$21.67
- Costs to cover
- 0.170%
- Break-even
- 12.2 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Phoenix: no order-book sample. Net counts fees only.
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
gTrade (Gains Network) and Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0034% | 1h | 0.4576 | +0.004% | $243K | $209K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4569 | −0.145% | $156K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4563 | −0.280% | $39K | $4.8M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USDlong | L +0.0003% / S −0.0003% | 1h | 0.4576 | long leg | $66K | — | 150x | |
| KuCoin WLDUSDTM | +0.0063% | 8h | 0.4576 | +0.004% | $6.8M | $11.9M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0072% | 1h | 0.4577 | +0.024% | $327 | $55 | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4577 | +0.026% | $28K | $790K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4582 | +0.135% | $229K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4572 | −0.083% | $51K | $538K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4580 | +0.092% | $87.2M | $338.8M | 75x | as long as short |
Show all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4579 | +0.070% | $65.3M | $91.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4579 | +0.070% | $34.7M | $156.6M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4579 | +0.070% | $7.2M | $37.8M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4581 | +0.113% | $40.3M | $56.6M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4581 | +0.113% | $30.3M | $31.2M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4581 | +0.113% | — | $70.1M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4583 | +0.164% | $134K | $299K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4559 | −0.374% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4558 | −0.383% | $27K | $319K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4562 | −0.308% | $601K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4558 | −0.389% | $49K | $240K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4576 | +0.013% | $39K | $2.4M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4584 | +0.179% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4575 | −0.018% | $216 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4568 | −0.171% | $836K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4576 | +0.004% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4575 | −0.013% | $223K | $999K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4578 | +0.054% | $31K | $500 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4576 | +0.010% | — | — | 20x | as long as short |
| Phoenix WLDshort | +0.0142% | 1h | 0.4560 | −0.339% | $5K | $52K | 10x | |
| Lighter WLD | +0.0168% | 1h | 0.4581 | +0.118% | $4.9M | $2.9M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0176% | 1h | 0.4544 | −0.695% | $6K | $185K | 5.5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4577 | +0.028% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4576 | +0.004% | $4.8M | $923K | 75x | as long as short |
| Hyperliquid WLD | +0.0350% | 1h | 0.4588 | +0.273% | $50.0M | $44.6M | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0406% | 1h | 0.4579 | +0.070% | $146K | $1.0M | 25x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0495% | 1h | 0.4577 | +0.019% | $867K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0536% | 1h | 0.4571 | −0.105% | $276K | $1.7M | 50x | as long as short |
gTrade (Gains Network) WLD/USD
Phoenix WLD
Kalshi KXWLDPERP
KuCoin WLDUSDTM
01 Exchange WLDUSD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
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
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Lighter WLD
Injective WLD/USDC PERP
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Deribit WLD_USDC-PERPETUAL
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX