Funding you earn now, next payment 08:00 UTC+0.0099%/8h= +10.8% APRnext payment +$0.99 per $10,000 · paid last 24h +0.032%
Price spread now: Orderly against Kalshi−0.132%52s7-day average +0.135% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 4 days (all we have)+0.261%+$26 · spread now −0.132%, 7d avg +0.135%
=Funding pays, the price is against you. Orderly is 0.267% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of +0.135%). If the spread goes back, that is −$27 on $10k: about 9.0 days of funding at the current rate (+$3 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXWLDPERP | 0.4549 | 0 | get 0.0000% / 8h | 5h 43m | $48K | $4.8M | 1.7x |
| Short | Orderly PERP_WLD_USDC | 0.4543 | 0.0099 | get 0.0099% / 8h | 1h 43m | $27K | $788K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Kalshi. 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
- $20.75
- Price spread: −0.132% → +0.135%
- −$26.69
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$21.94
- Costs to cover
- 0.160%
- Break-even
- 14.4 days
Slippage unknown: Kalshi: live order book, 5 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 Kalshi live order book, 5 min ago | 5.50 bp | 12.7 bp −$13 | 19.1 bp −$191 | doesn't fit | 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 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 | −0.0006% | 1h | 0.4544 | −0.104% | $239K | $170K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4539 | −0.216% | $155K | $33K | 10x | as long as short |
| Kalshi KXWLDPERPlong | 0.0000% | 8h | 0.4549 | long leg | $48K | $4.8M | 1.7x | |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4544 | −0.108% | $66K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0082% | 8h | 0.4542 | −0.154% | $6.7M | $11.9M | 50x | as long as short |
| Orderly PERP_WLD_USDCshort | +0.0099% | 8h | 0.4543 | −0.132% | $27K | $788K | 10x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4546 | −0.058% | $227K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4541 | −0.165% | $50K | $539K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4546 | −0.067% | $86.8M | $340.3M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4543 | −0.132% | $65.0M | $92.0M | 50x | as long as short |
Show all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4543 | −0.132% | $34.5M | $155.7M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4544 | −0.110% | $7.2M | $36.2M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4545 | −0.088% | $40.4M | $56.7M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4543 | −0.132% | $30.0M | $31.4M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4544 | −0.110% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4548 | −0.031% | $135K | $300K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4533 | −0.358% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4536 | −0.287% | $27K | $322K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4544 | −0.114% | $600K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4545 | −0.088% | $48K | $240K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4542 | −0.143% | $51K | $2.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4551 | +0.044% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4546 | −0.066% | $216 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4554 | +0.110% | $832K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4546 | −0.066% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4548 | −0.011% | $209K | $1.0M | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4546 | −0.068% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0132% | 1h | 0.4541 | −0.176% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4543 | −0.126% | — | — | 20x | as long as short |
| 01 Exchange WLDUSD | +0.0136% | 1h | 0.4550 | +0.013% | $325 | $55 | 5x | as long as short |
| Phoenix WLD | +0.0158% | 1h | 0.4530 | −0.426% | $5K | $44K | 10x | as long as short |
| Lighter WLD | +0.0168% | 1h | 0.4542 | −0.145% | $4.9M | $2.9M | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0190% | 1h | 0.4547 | −0.044% | $151K | $1.0M | 25x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4545 | −0.099% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4555 | +0.132% | $4.9M | $940K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0488% | 1h | 0.4548 | −0.022% | $274K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0715% | 1h | 0.4550 | +0.026% | $49.9M | $44.8M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1041% | 1h | 0.4547 | −0.051% | $875K | $2.9M | 50x | as long as short |
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Aster WLDUSDT
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
Phemex WLDUSDT
Extended WLD-USD
Injective WLD/USDC PERP
01 Exchange WLDUSD
Phoenix WLD
Lighter WLD
Deribit WLD_USDC-PERPETUAL
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD