Funding you earn now, next payment 23:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h +0.012%
Price spread now: KuCoin against Phoenix−1.302%93s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.037%+$4 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 −$3 a day on $10k at the current rate, and KuCoin is 1.302% cheaper against Phoenix than usual: you would sell low and buy high (−$130 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 93 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 | 0.4654 | 0.0104 | pay 0.0013% / 1h | 39m 48s | $5K | $53K | 10x |
| Short | KuCoin WLDUSDTM | 0.4593 | 0.0019 | get 0.0019% / 8h | 39m 48s | $7.0M | $10.9M | 50x |
Phoenix WLD
KuCoin WLDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$17.87
- Price spread: −1.302% → 0.000%
- −$130.22
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$167.09
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; KuCoin: 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 KuCoin live order book, 4 min ago | 2.17 bp | 16.1 bp −$16 | 36.9 bp −$369 | doesn't fit | 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 | −0.0226% | 8h | 0.4600 | −1.152% | $48K | $3.9M | 1.7x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4597 | −1.218% | $164K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4596 | −1.238% | $112K | $883K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4594 | −1.276% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTMshort | +0.0019% | 8h | 0.4593 | −1.302% | $7.0M | $10.9M | 50x | |
| Orderly PERP_WLD_USDC | +0.0019% | 8h | 0.4595 | −1.259% | $28K | $909K | 10x | as long as short |
| Nado WLD-PERP | +0.0067% | 1h | 0.4595 | −1.259% | $277K | $168K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4597 | −1.213% | $190K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4596 | −1.227% | $53K | $483K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4596 | −1.238% | $87.1M | $300.4M | 75x | as long as short |
Kalshi KXWLDPERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
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 | 0.4593 | −1.302% | $65.8M | $82.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4592 | −1.324% | $34.3M | $142.8M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4595 | −1.259% | $7.5M | $35.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4596 | −1.238% | $46.3M | $52.5M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4595 | −1.259% | $30.3M | $25.7M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4595 | −1.259% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4595 | −1.253% | $129K | $270K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4603 | −1.089% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4634 | −0.416% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4609 | −0.956% | $622K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4631 | −0.486% | $55K | $228K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4597 | −1.223% | $44K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4599 | −1.173% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4594 | −1.281% | $211 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4593 | −1.302% | $855K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4595 | −1.259% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4593 | −1.298% | $236K | $843K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4596 | −1.248% | $31K | $5K | 3x | as long as short |
| Phoenix WLDlong | +0.0104% | 1h | 0.4654 | long leg | $5K | $53K | 10x | |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4590 | −1.357% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4599 | −1.173% | $4.9M | $826K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4595 | −1.258% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0296% | 1h | 0.4600 | −1.143% | $329 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0373% | 1h | 0.4612 | −0.894% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4601 | −1.130% | $273K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0608% | 1h | 0.4602 | −1.115% | $49.9M | $42.9M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0715% | 1h | 0.4596 | −1.230% | $914K | $2.6M | 50x | as long as short |
| Lighter WLD | +0.1584% | 1h | 0.4607 | −1.001% | $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
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD