Funding you earn now, next payment 16:00 UTC+0.0191%/8h= +20.9% APRnext payment +$1.91 per $10,000 · paid last 24h −0.010%
Price spread now: Orderly against Gate−0.068%7-day average +0.013% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)+0.362%+$36 · spread now −0.068%, 7d avg +0.013%
=Funding pays, the price is against you. Orderly is 0.081% cheaper against Gate than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.013%). If the spread goes back, that is −$8 on $10k: about 34 hours of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.91 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 | Gate WLD_USDT | 0.4440 | −0.0105 | get 0.0105% / 8h | 5h 28m | $7.0M | $31.5M | 75x |
| Short | Orderly PERP_WLD_USDC | 0.4437 | 0.0086 | get 0.0086% / 8h | 5h 28m | $27K | $295K | 10x |
Gate WLD_USDT
Orderly PERP_WLD_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $40.01
- Price spread: −0.068% → +0.013%
- −$8.09
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $10.92
- Costs to cover
- 0.210%
- Break-even
- 5.1 days
Slippage unknown: Gate: live order book, 4 min ago; Orderly: 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 Gate live order book, 4 min ago | 2.26 bp | 14.6 bp −$15 | 32.9 bp −$329 | 56.2 bp −$5,617 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps WLD-USD | −0.0434% | 1h | 0.4437 | −0.074% | $42K | $2.7M | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | −0.0200% | 1h | 0.4439 | −0.023% | $100K | $1.1M | 25x | as long as short |
| Kraken Futures PF_WLDUSD | −0.0194% | 1h | 0.4440 | +0.010% | $844K | $2.6M | 50x | as long as short |
| 01 Exchange WLDUSD | −0.0184% | 1h | 0.4443 | +0.059% | $318 | $55 | 5x | as long as short |
| Bybit WLDUSDT | −0.0163% | 8h | 0.4437 | −0.068% | $63.1M | $85.0M | 50x | as long as short |
| Nado WLD-PERP | −0.0145% | 1h | 0.4436 | −0.090% | $232K | $158K | 5x | as long as short |
| Gate WLD_USDTlong | −0.0105% | 8h | 0.4440 | long leg | $7.0M | $31.5M | 75x | |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4437 | −0.068% | $83K | $4.2M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4442 | +0.036% | $64K | — | 150x | as long as short |
| dYdX WLD-USD | +0.0005% | 1h | 0.4441 | +0.015% | $152K | $31K | 10x | as long as short |
Polymarket Perps WLD-USD
Deribit WLD_USDC-PERPETUAL
Kraken Futures PF_WLDUSD
01 Exchange WLDUSD
Bybit WLDUSDT
Nado WLD-PERP
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
dYdX WLD-USDShow all 38 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective WLD/USDC PERP | +0.0007% | 1h | 0.4477 | +0.833% | $6K | $185K | 5.5x | as long as short |
| KuCoin WLDUSDTM | +0.0029% | 8h | 0.4440 | 0.000% | $6.8M | $10.2M | 50x | as long as short |
| Variational Omni WLD | +0.0042% | 8h | 0.4431 | −0.192% | $2.0M | $1.4M | — | as long as short |
| Phoenix WLD | +0.0053% | 1h | 0.4439 | −0.027% | $4K | $40K | 10x | as long as short |
| Orderly PERP_WLD_USDCshort | +0.0086% | 8h | 0.4437 | −0.068% | $27K | $295K | 10x | |
| Lighter WLD | +0.0096% | 1h | 0.4444 | +0.079% | $4.8M | $3.0M | 10x | as long as short |
| Hyperliquid WLD | +0.0100% | 1h | 0.4445 | +0.117% | $49.5M | $29.4M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4442 | +0.041% | $217K | $899K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4441 | +0.023% | $59K | $506K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4439 | −0.018% | $84.1M | $314.2M | 75x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4436 | −0.090% | $33.9M | $140.4M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4440 | 0.000% | $40.1M | $55.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4437 | −0.068% | $29.0M | $28.6M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4439 | −0.023% | — | $55.4M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4441 | +0.020% | $125K | $275K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4430 | −0.234% | $26K | $323K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4434 | −0.135% | $584K | $2.3M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4433 | −0.158% | $47K | $248K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4444 | +0.090% | $22K | $1.4M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4438 | −0.045% | $231 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4438 | −0.045% | $814K | $1.2M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4441 | +0.023% | $1.7M | $3.5M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4435 | −0.112% | $209K | $652K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4440 | −0.009% | $30K | $500 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4437 | −0.069% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0218% / S −0.0967% | 1h | 0.4442 | +0.044% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4441 | +0.023% | $4.7M | $906K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0344% | 1h | 0.4441 | +0.023% | $270K | $964K | 50x | as long as short |
Injective WLD/USDC PERP
KuCoin WLDUSDTM
Variational Omni WLD
Phoenix 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