WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0885%/8h= −96.9% APRnext payment −$1.11 per $10,000 · paid last 24h −0.063%

Price spread now: Phoenix against Kraken Futures+0.209%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.209% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.209% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.193% in total) that is about 7.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.193% in total (about -10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.11 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	0.4538	0.1043	pay 0.0130% / 1h	18m 46s	$871K	$2.9M	50x
Short	Phoenix WLD	0.4548	0.0158	get 0.0020% / 1h	18m 46s	$5K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.209%Rate

Funding earned: −$185.83
Price spread: +0.209% → 0.000%: $20.89
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$181.93
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Kraken Futures: 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 Kraken Futures live order book, 5 min ago	7.70 bp	19.4 bp −$19	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
Nado WLD-PERP	−0.0003%	1h	0.4540	+0.039%	$239K	$169K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4538	−0.003%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4540	+0.039%	$49K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4539	+0.017%	$151K	$956K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4541	+0.060%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0096%	8h	0.4538	−0.005%	$6.7M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4537	−0.027%	$27K	$762K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4538	+0.005%	$227K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4539	+0.026%	$49K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4538	−0.005%	$86.5M	$337.0M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4535	−0.071%	$64.6M	$90.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4536	−0.049%	$34.3M	$153.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4536	−0.049%	$7.1M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4536	−0.049%	$40.0M	$57.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4535	−0.071%	$29.8M	$31.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4535	−0.071%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4539	+0.019%	$135K	$296K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4537	−0.033%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4546	+0.176%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4547	+0.184%	$608K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4541	+0.061%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4538	−0.003%	$47K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4543	+0.105%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4538	−0.005%	$217	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4537	−0.027%	$830K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4538	−0.005%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4534	−0.084%	$210K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4537	−0.020%	$31K	$500	3x	as long as short
Lighter WLD	+0.0128%	1h	0.4544	+0.123%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+0.943%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4537	−0.032%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0152%	1h	0.4544	+0.132%	$325	$55	5x	as long as short
Phoenix WLDshort	+0.0158%	1h	0.4548	+0.209%	$5K	$44K	10x
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4538	−0.012%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4539	+0.017%	$4.8M	$919K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4545	+0.149%	$274K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0552%	1h	0.4544	+0.121%	$49.9M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSDlong	+0.1043%	1h	0.4538	long leg	$871K	$2.9M	50x