Funding you earn now, next payment 06:00 UTC+0.0397%/8h= +43.5% APRpaid last 24h +0.066%
Price spread now: Kraken Futures against Orderly−0.017%7-day average +0.042% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.215%+$22 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.017%, 7d avg +0.042%
=Funding pays, the price is against you. Kraken Futures is 0.059% cheaper against Orderly than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.042%). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.215% in total) that is about 46 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.215% in total (about 11.2% 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 | 0.4573 | 0.0099 | pay 0.0099% / 8h | 2h 04m | $27K | $791K | 10x |
| Short | Kraken Futures PF_WLDUSD | 0.4572 | 0.0496 | get 0.0062% / 1h | 4m 37s | $865K | $2.9M | 50x |
Orderly PERP_WLD_USDC
Kraken Futures PF_WLDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $83.36
- Price spread: −0.017% → +0.042%
- −$5.87
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $61.49
- Costs to cover
- 0.160%
- Break-even
- 1.8 days
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago | 4.38 bp | 17.7 bp −$18 | 27.3 bp −$273 | 1027.2 bp −$102.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0035% | 1h | 0.4568 | −0.098% | $241K | $170K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4567 | −0.138% | $156K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4573 | 0.000% | $54K | $4.8M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4572 | −0.022% | $152K | $1.0M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4574 | +0.017% | $66K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0067% | 8h | 0.4567 | −0.131% | $6.8M | $11.9M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0072% | 1h | 0.4573 | −0.007% | $327 | $55 | 5x | as long as short |
| Orderly PERP_WLD_USDClong | +0.0099% | 8h | 0.4573 | long leg | $27K | $791K | 10x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4573 | 0.000% | $228K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4571 | −0.047% | $51K | $538K | 5x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
01 Exchange WLDUSD
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 | 0.4571 | −0.052% | $87.1M | $339.2M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4571 | −0.044% | $65.2M | $91.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4571 | −0.044% | $34.7M | $156.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4569 | −0.087% | $7.2M | $37.9M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4569 | −0.087% | $40.4M | $57.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4568 | −0.109% | $30.2M | $31.3M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4569 | −0.087% | — | $70.1M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4572 | −0.020% | $133K | $300K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4579 | +0.125% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4574 | +0.014% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4582 | +0.197% | $604K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4577 | +0.087% | $49K | $240K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4572 | −0.011% | $47K | $2.4M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4584 | +0.241% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4571 | −0.044% | $215 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4572 | −0.022% | $836K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4570 | −0.066% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4568 | −0.105% | $211K | $1.0M | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4572 | −0.033% | $31K | $500 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4572 | −0.016% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0142% | 1h | 0.4578 | +0.105% | $5K | $52K | 10x | as long as short |
| Lighter WLD | +0.0168% | 1h | 0.4574 | +0.022% | $4.9M | $2.9M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0176% | 1h | 0.4544 | −0.634% | $6K | $185K | 5.5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4574 | +0.014% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4573 | 0.000% | $4.8M | $923K | 75x | as long as short |
| Hyperliquid WLD | +0.0355% | 1h | 0.4575 | +0.048% | $49.9M | $44.6M | 10x | as long as short |
| Kraken Futures PF_WLDUSDshort | +0.0496% | 1h | 0.4572 | −0.017% | $865K | $2.9M | 50x | |
| Coinbase International WLD-PERP-INTX | +0.0536% | 1h | 0.4575 | +0.044% | $276K | $1.7M | 50x | as long as short |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
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
Phoenix WLD
Lighter WLD
Injective WLD/USDC PERP
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Coinbase International WLD-PERP-INTX