Funding you earn now, next payment 00:00 UTC−0.0713%/8h= −78.1% APRnext payment −$0.89 per $10,000 · paid last 24h −0.012%
Price spread now: Deribit against Kraken Futures−0.076%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 7 days−0.183%−$18 on $10k
+Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.076%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Deribit is 0.069% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.183% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.89 per $10,000. 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 | Kraken Futures PF_WLDUSD | 0.4614 | 0.0713 | pay 0.0089% / 1h | 43m 26s | $918K | $2.6M | 50x |
| Short | Deribit WLD_USDC-PERPETUAL | 0.4610 | 0 | get 0.0000% / 1h | 43m 26s | $112K | $883K | 25x |
Kraken Futures PF_WLDUSD
Deribit WLD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$149.69
- Price spread: −0.076% → −0.007%
- −$6.93
- Slippage, 4 orders
- −$38.05
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$211.67
- Costs to cover
- 0.551%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Deribit: live order book, 35 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 Kraken Futures live order book, 5 min ago | 5.39 bp | 21.5 bp −$22 | 31.9 bp −$319 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 35 min ago | 4.37 bp | 7.9 bp −$8 | 13.9 bp −$139 | 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 | −0.0228% | 8h | 0.4623 | +0.206% | $39K | $3.9M | 1.7x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4613 | −0.014% | $165K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUALshort | 0.0000% | 1h | 0.4610 | −0.076% | $112K | $883K | 25x | |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4610 | −0.072% | $57K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0016% | 8h | 0.4609 | −0.098% | $28K | $909K | 10x | as long as short |
| KuCoin WLDUSDTM | +0.0019% | 8h | 0.4606 | −0.163% | $7.0M | $10.9M | 50x | as long as short |
| Nado WLD-PERP | +0.0070% | 1h | 0.4607 | −0.152% | $277K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4612 | −0.028% | $191K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4614 | +0.007% | $53K | $483K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4611 | −0.054% | $87.3M | $300.1M | 75x | as long as short |
Kalshi KXWLDPERP
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
KuCoin WLDUSDTM
Nado WLD-PERP
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4609 | −0.098% | $66.0M | $82.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4608 | −0.119% | $34.4M | $143.2M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4607 | −0.141% | $7.5M | $35.4M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4610 | −0.076% | $47.1M | $52.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4607 | −0.141% | $30.4M | $25.7M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4609 | −0.098% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4617 | +0.084% | $129K | $270K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4646 | +0.702% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4634 | +0.450% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4625 | +0.249% | $624K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4631 | +0.379% | $55K | $228K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4610 | −0.067% | $44K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4615 | +0.032% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4608 | −0.119% | $206 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4615 | +0.032% | $860K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4616 | +0.054% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4608 | −0.126% | $237K | $859K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4612 | −0.038% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0104% | 1h | 0.4654 | +0.869% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4606 | −0.164% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4627 | +0.292% | $4.9M | $826K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4610 | −0.071% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0304% | 1h | 0.4613 | −0.011% | $330 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0373% | 1h | 0.4612 | −0.033% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4625 | +0.249% | $274K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0647% | 1h | 0.4614 | +0.004% | $50.2M | $43.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.0713% | 1h | 0.4614 | long leg | $918K | $2.6M | 50x | |
| Lighter WLD | +0.1624% | 1h | 0.4626 | +0.273% | $5.2M | $2.0M | 10x | as long as short |
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
Phoenix WLD
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD