Funding you earn now, next payment 04:00 UTC+0.0460%/8h= +50.4% APRpaid last 24h +0.072%
Price spread now: Coinbase International against Bitget−0.067%57s7-day average +0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$650.647% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.067%, 7d avg +0.110%
=Funding pays, the price is against you. Coinbase International is 0.177% cheaper against Bitget than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.110%). If the spread goes back, that is −$18 on $10k: about 31 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.070% in total) that is about 18 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.070% in total (about 3.7% 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 | Bitget WLDUSDT | 0.4482 | 0.0100 | pay 0.0100% / 8h | 3h 01m | $29.5M | $30.6M | 75x |
| Short | Coinbase International WLD-PERP-INTX | 0.4479 | 0.0560 | get 0.0070% / 1h | 1m 27s | $264K | $1.6M | 50x |
Bitget WLDUSDT
Coinbase International WLD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- $96.6
- Price spread: −0.067% → +0.110%
- −$17.67
- Slippage, 4 orders
- −$42.73
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $14.2
- Costs to cover
- 0.647%
- Break-even
- 6.0 days
Slippage from Bitget: live order book, 2 min ago; Coinbase International: 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 Bitget live order book, 2 min ago | 1.12 bp | 9.5 bp −$9 | 20.1 bp −$201 | 80.6 bp −$8,055 | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 6.68 bp | 15.4 bp −$15 | 20.2 bp −$202 | doesn't fit | 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 | −0.0035% | 1h | 0.4484 | +0.056% | $238K | $205K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4480 | −0.050% | $153K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4478 | −0.089% | $75K | $4.8M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4477 | −0.112% | $129K | $999K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4484 | +0.042% | $65K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0030% | 8h | 0.4484 | +0.045% | $6.7M | $11.8M | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0088% | 1h | 0.4482 | +0.004% | $73K | $2.3M | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4483 | +0.022% | $28K | $868K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4483 | +0.027% | $219K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4480 | −0.045% | $50K | $526K | 5x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Polymarket Perps WLD-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4483 | +0.025% | $85.1M | $334.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4484 | +0.045% | $63.9M | $91.1M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4483 | +0.022% | $33.7M | $151.1M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4483 | +0.022% | $7.1M | $37.2M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4485 | +0.067% | $39.3M | $56.2M | 300x | as long as short |
| Bitget WLDUSDTlong | +0.0100% | 8h | 0.4482 | long leg | $29.5M | $30.6M | 75x | |
| BingX WLD-USDT | +0.0100% | 8h | 0.4482 | 0.000% | — | $68.0M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4475 | −0.154% | $132K | $305K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4508 | +0.574% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4487 | +0.107% | $27K | $321K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4494 | +0.268% | $596K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4486 | +0.089% | $48K | $240K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4481 | −0.022% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4475 | −0.156% | $205 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4470 | −0.268% | $816K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4476 | −0.134% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4481 | −0.015% | $223K | $995K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4484 | +0.042% | $30K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4484 | +0.051% | — | — | 20x | as long as short |
| Injective WLD/USDC PERP | +0.0142% | 1h | 0.4538 | +1.249% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4486 | +0.078% | $5K | $52K | 10x | as long as short |
| 01 Exchange WLDUSD | +0.0208% | 1h | 0.4484 | +0.033% | $321 | $55 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4482 | −0.001% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4485 | +0.067% | $4.8M | $902K | 75x | as long as short |
| Hyperliquid WLD | +0.0254% | 1h | 0.4489 | +0.161% | $48.7M | $44.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0530% | 1h | 0.4478 | −0.081% | $857K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.0560% | 1h | 0.4479 | −0.067% | $264K | $1.6M | 50x | |
| Lighter WLD | +0.0568% | 1h | 0.4483 | +0.027% | $4.9M | $2.9M | 10x | as long as short |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Injective WLD/USDC PERP
Phoenix WLD
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD