Funding you earn now, next payment 07:00 UTC+0.0942%/8h= +103.2% APRpaid last 24h +0.059%
Price spread now: Kraken Futures against Binance+0.023%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$530.529% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 4 days (all we have)+0.166%+$17 · spread now +0.023%, 7d avg +0.050%
=Funding pays, the price is against you. Kraken Futures is 0.027% cheaper against Binance than usual: you would sell low and buy high (spread +0.023% now, against its 7-day average of +0.050%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.188% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.188% in total (about 9.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance WLDUSDT | 0.4540 | 0.0100 | pay 0.0100% / 8h | 1h 47m | $86.6M | $340.1M | 75x |
| Short | Kraken Futures PF_WLDUSD | 0.4541 | 0.1042 | get 0.0130% / 1h | 47m 05s | $870K | $2.9M | 50x |
Binance WLDUSDT
Kraken Futures PF_WLDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $197.92
- Price spread: +0.023% → +0.050%
- −$2.73
- Slippage, 4 orders
- −$32.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $142.28
- Costs to cover
- 0.529%
- Break-even
- 2.0 days
Slippage from Binance: live order book, 12 min ago; Kraken Futures: live order book, 2 min ago.
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 Binance live order book, 12 min ago | 1.10 bp | 6.2 bp −$6 | 13.1 bp −$131 | 53.1 bp −$5,308 | 219.1 bp −$109.5K |
| Sell Kraken Futures live order book, 2 min ago | 8.80 bp | 21.3 bp −$21 | 30.3 bp −$303 | 1028.5 bp −$102.9K | doesn't fit |
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 | −0.0022% | 1h | 0.4546 | +0.132% | $239K | $170K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4544 | +0.093% | $155K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4547 | +0.154% | $59K | $4.8M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4542 | +0.044% | $151K | $1.0M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4542 | +0.039% | $66K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0081% | 8h | 0.4541 | +0.022% | $6.7M | $11.9M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4541 | +0.022% | $27K | $789K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4543 | +0.070% | $227K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4543 | +0.070% | $50K | $539K | 5x | as long as short |
| Binance WLDUSDTlong | +0.0100% | 8h | 0.4540 | long leg | $86.6M | $340.1M | 75x |
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 WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4541 | +0.022% | $64.8M | $91.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4540 | 0.000% | $34.4M | $155.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4541 | +0.022% | $7.2M | $36.2M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4540 | 0.000% | $40.3M | $56.7M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4541 | +0.022% | $29.9M | $31.3M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4541 | +0.022% | — | $70.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4541 | +0.033% | $132K | $299K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4541 | +0.016% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4542 | +0.053% | $27K | $321K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4546 | +0.134% | $604K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4544 | +0.088% | $48K | $240K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4540 | −0.009% | $57K | $2.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4547 | +0.154% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4541 | +0.022% | $215 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4538 | −0.044% | $830K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4541 | +0.022% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4539 | −0.028% | $209K | $1.0M | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4541 | +0.033% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0132% | 1h | 0.4541 | +0.022% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4540 | −0.005% | — | — | 20x | as long as short |
| 01 Exchange WLDUSD | +0.0144% | 1h | 0.4544 | +0.090% | $325 | $55 | 5x | as long as short |
| Phoenix WLD | +0.0158% | 1h | 0.4542 | +0.055% | $5K | $44K | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4540 | +0.009% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4538 | −0.044% | $4.8M | $937K | 75x | as long as short |
| Lighter WLD | +0.0288% | 1h | 0.4545 | +0.119% | $4.9M | $2.9M | 10x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0488% | 1h | 0.4548 | +0.176% | $274K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0744% | 1h | 0.4546 | +0.141% | $49.9M | $44.8M | 10x | as long as short |
| Kraken Futures PF_WLDUSDshort | +0.1042% | 1h | 0.4541 | +0.023% | $870K | $2.9M | 50x |
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
01 Exchange WLDUSD
Phoenix WLD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Lighter WLD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD