Spread before costs (cost unknown: a leg has no order-book sample)+0.093%
7d average—if it closes, per $10,000$9funding while held, a day−$1.18
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance WLDUSDT | 0.4389 | −0.0051 | get 0.0051% / 8h | 7h 19m | $80.2M | $271.8M | 75x |
| Short | Phoenix WLD | 0.4393 | −0.0091 | pay 0.0011% / 1h | 19m 12s | $2K | $60K | 10x |
Binance WLDUSDT
Phoenix WLDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $9.34
- Funding while held
- −$1.18
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$8.84
- Spread needed to break even
- 0.170%
Slippage unknown: Binance: live order book, 11 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0039%
- Per $10,000 a day
- −$1.18
- Average in range /8h
- —
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, 11 min ago | 1.13 bp | 6.1 bp −$6 | 10.7 bp −$107 | 51.1 bp −$5,111 | 198.4 bp −$99.2K |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 price on every exchange
against the cheapest. Click to use as the short leg.Nado0.4382cheapest01 Exchange0.4382+0.017%Pacifica0.4384+0.042%Gate0.4384+0.051%Kalshi0.4384+0.051%Reya0.4384+0.054%KuCoin0.4385+0.074%Polymarket Perps0.4385+0.086%Extended0.4386+0.095%SoDEX0.4386+0.097%BloFin0.4386+0.097%Orderly0.4387+0.120%Phemex0.4387+0.120%gTrade (Gains Network)0.4387+0.123%GMX0.4387+0.127%Aevo0.4387+0.131%Coinbase International0.4388+0.143%HTX0.4388+0.143%dYdX0.4388+0.145%Hyperliquid0.4388+0.152%Aster0.4389+0.165%
Nado
Pacifica
Gate
Reya
KuCoin
Polymarket Perps
Extended
SoDEX
BloFin
Orderly
Phemex
gTrade (Gains Network)
GMX
Aevo
Coinbase International
HTX
dYdX
Hyperliquid
AsterBinance0.4389+0.165%
Bybit0.4390+0.188%BingX0.4390+0.188%SunX0.4390+0.188%Deribit0.4390+0.188%MEXC0.4391+0.211%Bitget0.4391+0.211%OKX0.4392+0.234%Backpack0.4392+0.238%Kraken Futures0.4393+0.258%
Bybit
BingX
SunX
Deribit
MEXC
Bitget
OKX
Backpack
Kraken FuturesPhoenix0.4393+0.259%
Lighter0.4394+0.277%ApeX Omni0.4405+0.531%Variational Omni0.4407+0.568%edgeX0.4418+0.826%Injective0.4426+1.010%
Lighter
ApeX Omni
Variational Omni
InjectiveWLD on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.165% | −0.0047% | 1h | $343K | $205K | 5x | as long as short |
| 01 Exchange WLDUSD | −0.148% | +0.0016% | 1h | $314 | $77 | 5x | as long as short |
| Pacifica WLD | −0.123% | +0.0100% | 1h | $58K | $495K | 5x | as long as short |
| Gate WLD_USDT | −0.114% | −0.0243% | 8h | $7.2M | $33.4M | 75x | as long as short |
| Kalshi KXWLDPERP | −0.114% | −0.0127% | 8h | $93K | $3.4M | 1.7x | as long as short |
| Reya WLDRUSDPERP | −0.111% | +0.0134% | 1h | — | — | 20x | as long as short |
| KuCoin WLDUSDTM | −0.091% | −0.0029% | 8h | $6.9M | $11.4M | 50x | as long as short |
| Polymarket Perps WLD-USD | −0.080% | +0.0100% | 1h | $49K | $1.7M | 10x | as long as short |
| Extended WLD-USD | −0.070% | +0.0024% | 1h | $131K | $571K | 10x | as long as short |
| SoDEX WLD-USD | −0.068% | +0.0100% | 1h | $190 | $5K | 10x | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin WLD-USDT | −0.068% | +0.0069% | 8h | $4.9M | $1.1M | 75x | as long as short |
| Orderly PERP_WLD_USDC | −0.046% | −0.0051% | 8h | $27K | $941K | 10x | as long as short |
| Phemex WLDUSDT | −0.046% | +0.0074% | 8h | $1.8M | $3.8M | 50x | as long as short |
| gTrade (Gains Network) WLD/USD | −0.042% | L +0.0003% / S −0.0003% | 1h | $56K | — | 150x | as long as short |
| GMX WLD/USD [ETH-USDC] | −0.039% | L +0.0186% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
| Aevo WLD-PERP | −0.034% | +0.0072% | 1h | $30K | $5K | 3x | as long as short |
| Coinbase International WLD-PERP-INTX | −0.023% | +0.0216% | 1h | $266K | $1.6M | 50x | as long as short |
| HTX WLD-USDT | −0.023% | +0.0100% | 8h | $816K | $1.6M | 50x | as long as short |
| dYdX WLD-USD | −0.021% | +0.0044% | 1h | $151K | $5K | 10x | as long as short |
| Hyperliquid WLD | −0.014% | +0.0100% | 1h | $44.8M | $38.5M | 10x | as long as short |
| Aster WLDUSDT | 0.000% | +0.0100% | 8h | $229K | $970K | 50x | as long as short |
| Binance WLDUSDTlong | 0.000% | −0.0051% | 8h | $80.2M | $271.8M | 75x | |
| Bybit WLDUSDT | +0.023% | −0.0290% | 8h | $63.0M | $73.8M | 50x | as long as short |
| BingX WLD-USDC | +0.023% | +0.0051% | 8h | — | $1.3M | — | as long as short |
| SunX WLD-USDT | +0.023% | +0.0100% | 8h | $22K | $1.4M | 50x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.023% | 0.0000% | 1h | $112K | $773K | 25x | as long as short |
| MEXC WLD_USDT | +0.046% | −0.0046% | 8h | $42.6M | $46.5M | 300x | as long as short |
| Bitget WLDUSDT | +0.046% | +0.0051% | 8h | $28.8M | $25.1M | 75x | as long as short |
| OKX WLD-USDT-SWAP | +0.068% | −0.0010% | 8h | $34.3M | $131.0M | 50x | as long as short |
| Backpack WLD_USDC_PERP | +0.073% | +0.0100% | 1h | $131K | $315K | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.092% | +0.0008% | 1h | $889K | $2.3M | 50x | as long as short |
| Phoenix WLDshort | +0.093% | −0.0091% | 1h | $2K | $60K | 10x | |
| Lighter WLD | +0.112% | +0.0096% | 1h | $4.7M | $1.1M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.365% | +0.0100% | 1h | $63K | $220K | 50x | as long as short |
| Variational Omni WLD | +0.402% | −0.0195% | 8h | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.660% | +0.0100% | 4h | $26K | $314K | 20x | as long as short |
| Injective WLD/USDC PERP | +0.843% | +0.0353% | 1h | $6K | $194 | 5.5x | as long as short |