Funding you earn now, next payment 03:00 UTC−0.0058%/8h= −6.3% APRnext payment −$0.07 per $10,000 · paid last 24h +0.023%
Price spread now: Pacifica against Phoenix−0.317%47s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Pacifica is 0.317% cheaper against Phoenix than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.122%, so the current rate has only just turned against you. The two prices were read 47 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 | 0.4569 | 0.0158 | pay 0.0020% / 1h | 41m 52s | $5K | $52K | 10x |
| Short | Pacifica WLD | 0.4555 | 0.0100 | get 0.0013% / 1h | 41m 52s | $49K | $528K | 5x |
Phoenix WLD
Pacifica WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$12.11
- Price spread: −0.317% → 0.000%
- −$31.71
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$58.82
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Pacifica: live order book, 17 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 Pacifica live order book, 17 min ago | 1.10 bp | 12.2 bp −$12 | doesn't fit | 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 | −0.0105% | 8h | 0.4552 | −0.381% | $62K | $4.6M | 1.7x | as long as short |
| Nado WLD-PERP | −0.0063% | 1h | 0.4551 | −0.403% | $241K | $205K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0033% | 8h | 0.4558 | −0.249% | $6.9M | $11.7M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4553 | −0.356% | $155K | $33K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4557 | −0.271% | $118K | $927K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4556 | −0.293% | $66K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0014% | 1h | 0.4558 | −0.249% | $6K | $185K | 5.5x | as long as short |
| 01 Exchange WLDUSD | +0.0040% | 1h | 0.4553 | −0.350% | $326 | $80 | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0085% | 8h | 0.4557 | −0.271% | $28K | $888K | 10x | as long as short |
| Lighter WLD | +0.0096% | 1h | 0.4560 | −0.212% | $4.9M | $2.4M | 10x | as long as short |
Kalshi KXWLDPERP
Nado WLD-PERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
01 Exchange WLDUSD
Orderly PERP_WLD_USDC
Lighter WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WLDUSDT | +0.0100% | 8h | 0.4556 | −0.288% | $199K | $1.1M | 50x | as long as short |
| Pacifica WLDshort | +0.0100% | 1h | 0.4555 | −0.317% | $49K | $528K | 5x | |
| Binance WLDUSDT | +0.0100% | 8h | 0.4559 | −0.229% | $86.4M | $327.3M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4559 | −0.228% | $65.0M | $88.9M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4561 | −0.184% | $34.2M | $148.8M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4559 | −0.228% | $7.2M | $36.7M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4559 | −0.228% | $44.3M | $53.8M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4559 | −0.228% | $30.1M | $30.1M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4559 | −0.228% | — | $67.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4556 | −0.282% | $135K | $298K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4562 | −0.169% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4564 | −0.115% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4565 | −0.096% | $603K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4565 | −0.096% | $43K | $239K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4555 | −0.324% | $48K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4559 | −0.228% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4555 | −0.315% | $174 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4558 | −0.249% | $834K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4555 | −0.315% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4558 | −0.243% | $218K | $981K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4557 | −0.265% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4553 | −0.365% | — | — | 20x | as long as short |
| Phoenix WLDlong | +0.0158% | 1h | 0.4569 | long leg | $5K | $52K | 10x | |
| Hyperliquid WLD | +0.0177% | 1h | 0.4562 | −0.153% | $50.1M | $43.2M | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4551 | −0.403% | $4.9M | $845K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4555 | −0.321% | $5K | — | 100x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0481% | 1h | 0.4558 | −0.258% | $881K | $2.8M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0496% | 1h | 0.4577 | +0.166% | $269K | $1.7M | 50x | as long as short |
Aster WLDUSDT
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
Hyperliquid WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX