Funding you earn now, next payment 02:00 UTC+0.0303%/8h= +33.1% APRpaid last 24h +0.044%
Price spread now: Phoenix against Kalshi+0.296%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.198%+$20 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.296% dearer against Kalshi than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.198% in total (about 10.3% 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 | Kalshi KXWLDPERP | 0.4629 | −0.0131 | get 0.0131% / 8h | 1h 28m | $53K | $4.5M | 1.7x |
| Short | Phoenix WLD | 0.4643 | 0.0172 | get 0.0021% / 1h | 28m 18s | $5K | $57K | 10x |
Kalshi KXWLDPERP
Phoenix WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $63.53
- Price spread: +0.296% → 0.000%
- $29.6
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $76.13
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Kalshi: live order book, 5 min ago; 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 Kalshi live order book, 5 min ago | 1.08 bp | 27.7 bp −$28 | 34.7 bp −$347 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERPlong | −0.0131% | 8h | 0.4629 | long leg | $53K | $4.5M | 1.7x | |
| KuCoin WLDUSDTM | −0.0036% | 8h | 0.4622 | −0.151% | $7.1M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4626 | −0.075% | $165K | $26K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4623 | −0.130% | $119K | $923K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4625 | −0.078% | $55K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0019% | 1h | 0.4622 | −0.151% | $267K | $187K | 5x | as long as short |
| 01 Exchange WLDUSD | +0.0072% | 1h | 0.4622 | −0.162% | $331 | $80 | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0074% | 8h | 0.4621 | −0.173% | $28K | $893K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4628 | −0.032% | $174K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4624 | −0.105% | $48K | $511K | 5x | as long as short |
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
01 Exchange WLDUSD
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 | 0.4623 | −0.135% | $87.8M | $325.4M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4621 | −0.173% | $66.0M | $87.9M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4622 | −0.151% | $34.9M | $148.8M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4624 | −0.108% | $7.2M | $36.8M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4623 | −0.130% | $45.9M | $54.4M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4620 | −0.194% | $30.5M | $29.5M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4624 | −0.108% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4626 | −0.065% | $134K | $290K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4635 | +0.120% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4632 | +0.060% | $28K | $319K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4645 | +0.346% | $610K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4640 | +0.238% | $51K | $236K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4621 | −0.169% | $56K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4627 | −0.043% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4622 | −0.151% | $175 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4643 | +0.302% | $848K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4627 | −0.043% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4620 | −0.201% | $213K | $927K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4622 | −0.146% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4623 | −0.128% | — | — | 20x | as long as short |
| Phoenix WLDshort | +0.0172% | 1h | 0.4643 | +0.296% | $5K | $57K | 10x | |
| Lighter WLD | +0.0216% | 1h | 0.4629 | +0.006% | $5.0M | $2.3M | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4631 | +0.043% | $5.0M | $803K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4624 | −0.107% | $5K | — | 100x | as long as short |
| Hyperliquid WLD | +0.0466% | 1h | 0.4629 | −0.002% | $51.5M | $42.9M | 10x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0480% | 1h | 0.4635 | +0.130% | $275K | $1.7M | 50x | as long as short |
| Injective WLD/USDC PERP | +0.0677% | 1h | 0.4616 | −0.281% | $6K | $185K | 5.5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0895% | 1h | 0.4624 | −0.107% | $895K | $2.9M | 50x | as long as short |
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
Aevo WLD-PERP
Reya WLDRUSDPERP
Lighter WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Hyperliquid WLD
Coinbase International WLD-PERP-INTX
Injective WLD/USDC PERP
Kraken Futures PF_WLDUSD