Funding you earn now, next payment 06:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h +0.019%
Price spread now: SunX against Phoenix−0.080%69s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.114%+$11 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 −$2 a day on $10k at the current rate, and SunX is 0.080% cheaper against Phoenix than usual: you would sell low and buy high (−$8 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 +0.114%, so the current rate has only just turned against you. The two prices were read 69 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 | 0.4525 | 0.0158 | pay 0.0020% / 1h | 29m 52s | $5K | $44K | 10x |
| Short | SunX WLD-USDT | 0.4521 | 0.0100 | get 0.0100% / 8h | 1h 29m | $23K | $1.6M | 50x |
Phoenix WLD
SunX WLD-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$12.23
- Price spread: −0.080% → 0.000%
- −$7.96
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$35.18
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago | 29.91 bp | 46.5 bp −$47 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX WLD-USD | 0.0000% | 1h | 0.4516 | −0.196% | $154K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4516 | −0.190% | $55K | $4.8M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4517 | −0.169% | $65K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0018% | 1h | 0.4514 | −0.223% | $238K | $170K | 5x | as long as short |
| KuCoin WLDUSDTM | +0.0088% | 8h | 0.4519 | −0.124% | $6.6M | $11.8M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4518 | −0.146% | $27K | $786K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4522 | −0.059% | $226K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4516 | −0.184% | $50K | $541K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4521 | −0.080% | $86.1M | $338.4M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4520 | −0.102% | $64.5M | $90.7M | 50x | as long as short |
dYdX WLD-USD
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4521 | −0.080% | $34.2M | $153.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4520 | −0.102% | $7.1M | $36.3M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4520 | −0.102% | $39.9M | $57.4M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4520 | −0.102% | $29.8M | $31.1M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4520 | −0.102% | — | $70.0M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4521 | −0.080% | $134K | $296K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4516 | −0.196% | $2.0M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4516 | −0.197% | $27K | $321K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4521 | −0.090% | $604K | $2.1M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4521 | −0.080% | $48K | $239K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4515 | −0.223% | $47K | $2.6M | 10x | as long as short |
| SunX WLD-USDTshort | +0.0100% | 8h | 0.4521 | −0.080% | $23K | $1.6M | 50x | |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4518 | −0.146% | $220 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4515 | −0.212% | $825K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4523 | −0.035% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4518 | −0.148% | $208K | $1.0M | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4519 | −0.126% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0132% | 1h | 0.4581 | +1.247% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4515 | −0.222% | — | — | 20x | as long as short |
| 01 Exchange WLDUSD | +0.0136% | 1h | 0.4516 | −0.197% | $323 | $55 | 5x | as long as short |
| Lighter WLD | +0.0152% | 1h | 0.4524 | −0.015% | $4.9M | $2.9M | 10x | as long as short |
| Phoenix WLDlong | +0.0158% | 1h | 0.4525 | long leg | $5K | $44K | 10x | |
| Deribit WLD_USDC-PERPETUAL | +0.0193% | 1h | 0.4519 | −0.124% | $150K | $967K | 25x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4519 | −0.120% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4516 | −0.190% | $4.8M | $918K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0488% | 1h | 0.4525 | +0.009% | $273K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0580% | 1h | 0.4527 | +0.053% | $49.6M | $44.2M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1047% | 1h | 0.4522 | −0.067% | $868K | $2.9M | 50x | as long as short |
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
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Injective WLD/USDC PERP
Reya WLDRUSDPERP
01 Exchange WLDUSD
Lighter WLD
Deribit WLD_USDC-PERPETUAL
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD