Funding you earn now, next payment 01:00 UTC+0.0219%/8h= +24.0% APRpaid last 24h −0.005%
Price spread now: Kraken Futures against Gate+0.016%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$800.798% of the position
Funding, last 7 days+0.135%+$14 on $10k
+Price spread, last 3 days (all we have)+0.182%+$18 · spread now +0.016%, 7d avg +0.060%
=Funding pays, the price is against you. Kraken Futures is 0.044% cheaper against Gate than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.060%). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.135% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.135% in total (about 7.0% a year). A funding rate is set anew for every payment. 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 | Gate WLD_USDT | 0.4724 | 0.0100 | pay 0.0100% / 8h | 7h 25m | $7.7M | $35.7M | 75x |
| Short | Kraken Futures PF_WLDUSD | 0.4725 | 0.0319 | get 0.0040% / 1h | 25m 50s | $928K | $2.7M | 50x |
Gate WLD_USDT
Kraken Futures PF_WLDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $45.99
- Price spread: +0.016% → +0.060%
- −$4.45
- Slippage, 4 orders
- −$54.8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$38.27
- Costs to cover
- 0.798%
- Break-even
- 12.8 days
Slippage from Gate: live order book, 3 min ago; Kraken Futures: live order book, 3 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 Gate live order book, 3 min ago | 2.14 bp | 15.1 bp −$15 | 35.8 bp −$358 | 77.6 bp −$7,757 | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 10.68 bp | 24.4 bp −$24 | 47.6 bp −$476 | 1193.6 bp −$119.4K | 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 | −0.0174% | 8h | 0.4702 | −0.466% | $33K | $3.9M | 1.7x | as long as short |
| Phemex WLDUSDT | −0.0058% | 8h | 0.4713 | −0.233% | $1.9M | $3.7M | 50x | as long as short |
| Nado WLD-PERP | −0.0026% | 1h | 0.4711 | −0.265% | $281K | $172K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0017% | 8h | 0.4719 | −0.106% | $7.1M | $11.1M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4701 | −0.493% | $168K | $13K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4715 | −0.189% | $58K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4659 | −1.376% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0045% | 8h | 0.4715 | −0.191% | $29K | $903K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4724 | −0.006% | $193K | $967K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4702 | −0.458% | $55K | $481K | 5x | as long as short |
Kalshi KXWLDPERP
Phemex WLDUSDT
Nado WLD-PERP
KuCoin WLDUSDTM
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4726 | +0.042% | $90.0M | $306.0M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4725 | +0.021% | $68.1M | $82.4M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4723 | −0.021% | $35.6M | $148.5M | 50x | as long as short |
| Gate WLD_USDTlong | +0.0100% | 8h | 0.4724 | long leg | $7.7M | $35.7M | 75x | |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4724 | 0.000% | $49.1M | $54.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4725 | +0.021% | $31.5M | $26.5M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4725 | +0.021% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4723 | −0.013% | $140K | $279K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4714 | −0.218% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4656 | −1.439% | $28K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4662 | −1.312% | $616K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4661 | −1.334% | $55K | $229K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4713 | −0.233% | $56K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4719 | −0.106% | $24K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4721 | −0.064% | $223 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4719 | −0.106% | $877K | $1.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4722 | −0.043% | $218K | $871K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4718 | −0.129% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4711 | −0.269% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4668 | −1.175% | $5K | $53K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4693 | −0.656% | $4.9M | $869K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0239% / S −0.1538% | 1h | 0.4715 | −0.195% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0248% | 1h | 0.4712 | −0.260% | $337 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSDshort | +0.0319% | 1h | 0.4725 | +0.016% | $928K | $2.7M | 50x | |
| Deribit WLD_USDC-PERPETUAL | +0.0386% | 1h | 0.4718 | −0.127% | $135K | $863K | 25x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4715 | −0.191% | $279K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0808% | 1h | 0.4733 | +0.184% | $52.8M | $43.6M | 10x | as long as short |
| Lighter WLD | +0.0944% | 1h | 0.4729 | +0.114% | $5.4M | $2.0M | 10x | as long as short |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
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
Deribit WLD_USDC-PERPETUAL
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD