Funding you earn now, next payment 22:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.002%
Price spread now: Bybit against Phoenix−0.201%85s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.201% cheaper against Phoenix than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix WLD | 0.4587 | 0.0124 | pay 0.0015% / 1h | 20m 00s | $5K | $53K | 10x |
| Short | Bybit WLDUSDT | 0.4578 | 0.0100 | get 0.0100% / 8h | 1h 20m | $65.6M | $82.1M | 50x |
Phoenix WLD
Bybit WLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Phoenix. 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
- −$5.03
- Price spread: −0.201% → 0.000%
- −$20.06
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$43.09
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Bybit: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 1.09 bp | 9.0 bp −$9 | 16.7 bp −$167 | 84.9 bp −$8,488 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0315% | 8h | 0.4578 | −0.201% | $61K | $3.8M | 1.7x | as long as short |
| Injective WLD/USDC PERP | −0.0079% | 1h | 0.4623 | +0.780% | $6K | $185K | 5.5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4579 | −0.170% | $163K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4578 | −0.201% | $108K | $900K | 25x | as long as short |
| Orderly PERP_WLD_USDC | +0.0002% | 8h | 0.4576 | −0.244% | $28K | $913K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4579 | −0.188% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0006% | 8h | 0.4576 | −0.244% | $7.0M | $10.8M | 50x | as long as short |
| Nado WLD-PERP | +0.0051% | 1h | 0.4577 | −0.211% | $276K | $169K | 5x | as long as short |
| Variational Omni WLD | +0.0084% | 8h | 0.4578 | −0.202% | $2.1M | $1.6M | — | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4578 | −0.199% | $200K | $998K | 50x | as long as short |
Kalshi KXWLDPERP
Injective WLD/USDC PERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
Orderly PERP_WLD_USDC
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Nado WLD-PERP
Variational Omni WLD
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4579 | −0.174% | $53K | $481K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4577 | −0.222% | $86.6M | $297.5M | 75x | as long as short |
| Bybit WLDUSDTshort | +0.0100% | 8h | 0.4578 | −0.201% | $65.6M | $82.1M | 50x | |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4577 | −0.222% | $34.2M | $141.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4575 | −0.266% | $7.4M | $35.3M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4576 | −0.244% | $49.0M | $52.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4574 | −0.288% | $30.2M | $25.5M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4578 | −0.201% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4578 | −0.201% | $129K | $270K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4585 | −0.055% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4592 | +0.100% | $617K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4588 | +0.017% | $55K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4579 | −0.172% | $47K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4583 | −0.092% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4576 | −0.244% | $202 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4578 | −0.201% | $864K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4577 | −0.222% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4574 | −0.285% | $240K | $855K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4577 | −0.211% | $31K | $5K | 3x | as long as short |
| Phoenix WLDlong | +0.0124% | 1h | 0.4587 | long leg | $5K | $53K | 10x | |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4576 | −0.235% | — | — | 20x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0186% | 1h | 0.4580 | −0.147% | $907K | $2.6M | 50x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4579 | −0.179% | $4.9M | $814K | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0248% | 1h | 0.4583 | −0.087% | $328 | $77 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0260% / S −0.2221% | 1h | 0.4578 | −0.206% | $9K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0424% | 1h | 0.4586 | −0.026% | $270K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0762% | 1h | 0.4583 | −0.100% | $49.8M | $43.1M | 10x | as long as short |
| Lighter WLD | +0.0968% | 1h | 0.4588 | +0.022% | $5.2M | $2.1M | 10x | as long as short |
Pacifica WLD
Binance WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
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
Kraken Futures PF_WLDUSD
BloFin WLD-USDT
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD