WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.040%

Price spread now: Coinbase International against Kraken Futures+0.072%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$790.788% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.072%, 7d avg +0.013%

Together, before fees−0.249%−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.059% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WLDUSD	0.4549	0.0482	pay 0.0060% / 1h	38m 12s	$880K	$2.8M	50x
Short	Coinbase International WLD-PERP-INTX	0.4552	0.0496	get 0.0062% / 1h	38m 12s	$267K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now +0.072%Rate

Funding earned: $2.85
Price spread: +0.072% → +0.013%: $5.88
Slippage, 4 orders: −$58.84
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$70.1
Costs to cover: 0.788%
Break-even: 179.3 days

Slippage from Kraken Futures: live order book, 1 min ago; Coinbase International: live order book, just now.

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 Kraken Futures live order book, 1 min ago	7.69 bp	23.3 bp −$23	40.7 bp −$407	doesn't fit	doesn't fit
Sell Coinbase International live order book, just now	8.78 bp	27.0 bp −$27	31.4 bp −$314	doesn't fit	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	−0.0105%	8h	0.4544	−0.104%	$57K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0057%	1h	0.4548	−0.016%	$241K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0030%	8h	0.4542	−0.148%	$6.9M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4543	−0.132%	$155K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4546	−0.060%	$117K	$927K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4549	+0.004%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	+0.204%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4546	−0.060%	$325	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0087%	8h	0.4545	−0.082%	$28K	$887K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4548	−0.016%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4550	+0.030%	$199K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4543	−0.123%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4543	−0.116%	$86.2M	$327.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4541	−0.170%	$64.7M	$89.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4543	−0.126%	$34.1M	$148.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4544	−0.104%	$7.1M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4544	−0.104%	$43.6M	$53.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4543	−0.126%	$30.0M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4543	−0.126%	—	$67.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4545	−0.073%	$135K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4554	+0.109%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4565	+0.359%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4571	+0.487%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4557	+0.182%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4549	+0.006%	$47K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4549	+0.006%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4544	−0.104%	$171	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4548	−0.016%	$833K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4544	−0.104%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4541	−0.162%	$218K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4547	−0.036%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4548	−0.016%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4570	+0.461%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0184%	1h	0.4548	−0.016%	$49.9M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4539	−0.214%	$4.9M	$846K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4548	−0.018%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSDlong	+0.0482%	1h	0.4549	long leg	$880K	$2.8M	50x
Coinbase International WLD-PERP-INTXshort	+0.0496%	1h	0.4552	+0.072%	$267K	$1.7M	50x