Funding you earn now, next payment 07:00 UTC+0.0349%/8h= +38.2% APRpaid last 24h +0.103%
Price spread now: Coinbase International against Orderly+0.089%7-day average +0.060% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.196%+$20 on $10k
+Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.089%, 7d avg +0.060%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.029% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.060%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.196% in total (about 10.2% 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 | Orderly PERP_WLD_USDC | 0.4514 | 0.0099 | pay 0.0099% / 8h | 15m 36s | $27K | $679K | 10x |
| Short | Coinbase International WLD-PERP-INTX | 0.4518 | 0.0448 | get 0.0056% / 1h | 15m 36s | $268K | $1.6M | 50x |
Orderly PERP_WLD_USDC
Coinbase International WLD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Orderly. 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
- $73.35
- Price spread: +0.089% → +0.060%
- $2.89
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $60.24
- Costs to cover
- 0.160%
- Break-even
- 1.3 days
Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 3 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 3 min ago | 7.76 bp | 14.9 bp −$15 | 17.3 bp −$173 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective WLD/USDC PERP | −0.0309% | 1h | 0.4508 | −0.133% | $6K | $185K | 5.5x | as long as short |
| Nado WLD-PERP | −0.0023% | 1h | 0.4511 | −0.055% | $235K | $175K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4515 | +0.015% | $154K | $32K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4509 | −0.111% | $58K | $4.6M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4515 | +0.022% | $136K | $986K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4514 | −0.001% | $65K | — | 150x | as long as short |
| Orderly PERP_WLD_USDClong | +0.0099% | 8h | 0.4514 | long leg | $27K | $679K | 10x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4516 | +0.044% | $228K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4517 | +0.068% | $54K | $546K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4516 | +0.044% | $86.5M | $333.7M | 75x | as long as short |
Injective WLD/USDC PERP
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
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 | 0.4514 | 0.000% | $63.9M | $89.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4514 | 0.000% | $34.1M | $151.1M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4515 | +0.022% | $7.0M | $35.9M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4515 | +0.022% | $41.3M | $57.0M | 300x | as long as short |
| KuCoin WLDUSDTM | +0.0100% | 8h | 0.4514 | 0.000% | $6.6M | $11.6M | 50x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4514 | 0.000% | $29.8M | $30.9M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4515 | +0.022% | — | $72.6M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4514 | 0.000% | $131K | $298K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4512 | −0.049% | $2.1M | $1.5M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4508 | −0.136% | $27K | $322K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4507 | −0.146% | $606K | $2.1M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4512 | −0.044% | $48K | $238K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4516 | +0.040% | $50K | $2.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4521 | +0.155% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4514 | 0.000% | $223 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4511 | −0.066% | $825K | $1.5M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4515 | +0.022% | $1.7M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4512 | −0.035% | $207K | $880K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4515 | +0.022% | $31K | $500 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4506 | −0.171% | — | — | 20x | as long as short |
| Lighter WLD | +0.0160% | 1h | 0.4521 | +0.166% | $4.9M | $2.9M | 10x | as long as short |
| Phoenix WLD | +0.0177% | 1h | 0.4507 | −0.151% | $4K | $43K | 10x | as long as short |
| 01 Exchange WLDUSD | +0.0216% | 1h | 0.4517 | +0.066% | $323 | $55 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4513 | −0.019% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4511 | −0.066% | $4.8M | $902K | 75x | as long as short |
| Hyperliquid WLD | +0.0396% | 1h | 0.4523 | +0.191% | $50.3M | $43.3M | 10x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.0448% | 1h | 0.4518 | +0.089% | $268K | $1.6M | 50x | |
| Kraken Futures PF_WLDUSD | +0.0457% | 1h | 0.4515 | +0.026% | $865K | $2.8M | 50x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
KuCoin WLDUSDTM
Bitget WLDUSDT
BingX WLD-USDT
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
Phoenix WLD
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Kraken Futures PF_WLDUSD