Funding you earn now, next payment 06:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h +0.005%
Price spread now: 01 Exchange against Phoenix−0.156%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+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 01 Exchange is 0.156% cheaper against Phoenix than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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 | 0.4542 | 0.0158 | pay 0.0020% / 1h | 45m 49s | $5K | $44K | 10x |
| Short | 01 Exchange WLDUSD | 0.4535 | 0.0136 | get 0.0017% / 1h | 45m 49s | $324 | $55 | 5x |
Phoenix WLD
01 Exchange WLDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$4.67
- Price spread: −0.156% → 0.000%
- −$15.63
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$34.3
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; 01 Exchange: no order-book sample. 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 01 Exchange no order-book sample | — | — | — | — | — |
Phoenix and 01 Exchange: 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 | −0.0008% | 1h | 0.4533 | −0.198% | $239K | $170K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4541 | −0.031% | $155K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4537 | −0.121% | $59K | $4.8M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4535 | −0.165% | $151K | $1.0M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4535 | −0.163% | $66K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0081% | 8h | 0.4531 | −0.253% | $6.7M | $11.9M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4533 | −0.209% | $27K | $788K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4532 | −0.235% | $227K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4541 | −0.038% | $50K | $539K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4528 | −0.324% | $86.4M | $340.1M | 75x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
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 | 0.4526 | −0.363% | $64.6M | $91.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4524 | −0.407% | $34.3M | $154.9M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4528 | −0.319% | $7.1M | $36.2M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4529 | −0.297% | $40.2M | $56.7M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4525 | −0.385% | $29.8M | $31.3M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4529 | −0.297% | — | $70.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4533 | −0.211% | $132K | $299K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4541 | −0.039% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4542 | −0.002% | $27K | $321K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4546 | +0.079% | $604K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4544 | +0.033% | $48K | $240K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4532 | −0.233% | $56K | $2.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4539 | −0.077% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4531 | −0.253% | $216 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4538 | −0.099% | $830K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4533 | −0.209% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4528 | −0.309% | $209K | $1.0M | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4535 | −0.162% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0132% | 1h | 0.4541 | −0.033% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4532 | −0.236% | — | — | 20x | as long as short |
| 01 Exchange WLDUSDshort | +0.0136% | 1h | 0.4535 | −0.156% | $324 | $55 | 5x | |
| Phoenix WLDlong | +0.0158% | 1h | 0.4542 | long leg | $5K | $44K | 10x | |
| Lighter WLD | +0.0184% | 1h | 0.4530 | −0.269% | $4.9M | $2.9M | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4533 | −0.198% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4538 | −0.099% | $4.8M | $937K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0488% | 1h | 0.4542 | −0.011% | $274K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0716% | 1h | 0.4532 | −0.236% | $49.7M | $44.8M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1045% | 1h | 0.4531 | −0.258% | $868K | $2.9M | 50x | as long as short |
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
Injective WLD/USDC PERP
Reya WLDRUSDPERP
Lighter WLD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD