Funding you earn now, next payment 03:00 UTC+0.0793%/8h= +86.8% APRpaid last 24h +0.032%
Price spread now: Kraken Futures against Bybit+0.170%55s7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as 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−$660.662% of the position
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 4 days (all we have)+0.654%+$65 · spread now +0.170%, 7d avg +0.072%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Kraken Futures is 0.098% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.072%. The two prices were read 55 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 0.136% in total (about 7.1% 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 | Bybit WLDUSDT | 0.4630 | 0.0100 | pay 0.0100% / 8h | 5h 29m | $66.1M | $87.9M | 50x |
| Short | Kraken Futures PF_WLDUSD | 0.4638 | 0.0893 | get 0.0112% / 1h | 29m 29s | $898K | $2.9M | 50x |
Bybit WLDUSDT
Kraken Futures PF_WLDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $166.49
- Price spread: +0.170% → +0.072%
- $9.85
- Slippage, 4 orders
- −$45.2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $110.14
- Costs to cover
- 0.662%
- Break-even
- 2.4 days
Slippage from Bybit: live order book, 5 min ago; Kraken Futures: live order book, 4 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 Bybit live order book, 5 min ago | 1.08 bp | 12.8 bp −$13 | 22.0 bp −$220 | 110.9 bp −$11.1K | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 6.47 bp | 19.8 bp −$20 | 29.3 bp −$293 | 1100.1 bp −$110.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0132% | 8h | 0.4639 | +0.194% | $52K | $4.5M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0036% | 8h | 0.4633 | +0.065% | $7.1M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4633 | +0.055% | $165K | $26K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4637 | +0.151% | $120K | $923K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4632 | +0.043% | $55K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0019% | 1h | 0.4630 | 0.000% | $268K | $187K | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0074% | 8h | 0.4631 | +0.022% | $28K | $893K | 10x | as long as short |
| 01 Exchange WLDUSD | +0.0080% | 1h | 0.4631 | +0.026% | $331 | $80 | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4635 | +0.098% | $174K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4633 | +0.068% | $49K | $511K | 5x | as long as short |
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Orderly PERP_WLD_USDC
01 Exchange WLDUSD
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 | 0.4632 | +0.050% | $88.0M | $325.2M | 75x | as long as short |
| Bybit WLDUSDTlong | +0.0100% | 8h | 0.4630 | long leg | $66.1M | $87.9M | 50x | |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4630 | 0.000% | $35.0M | $149.1M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4632 | +0.043% | $7.2M | $36.8M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4633 | +0.065% | $46.0M | $54.4M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4632 | +0.043% | $30.6M | $29.5M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4632 | +0.043% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4637 | +0.140% | $137K | $290K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4635 | +0.098% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4632 | +0.038% | $28K | $319K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4645 | +0.324% | $610K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4640 | +0.216% | $51K | $236K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4632 | +0.035% | $57K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4640 | +0.216% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4635 | +0.108% | $176 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4643 | +0.281% | $848K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4634 | +0.086% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4630 | −0.007% | $214K | $927K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4636 | +0.129% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4631 | +0.025% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0172% | 1h | 0.4643 | +0.274% | $5K | $57K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4641 | +0.238% | $5.0M | $805K | 75x | as long as short |
| Lighter WLD | +0.0224% | 1h | 0.4639 | +0.192% | $5.0M | $2.3M | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4632 | +0.038% | $5K | — | 100x | as long as short |
| Hyperliquid WLD | +0.0475% | 1h | 0.4639 | +0.199% | $51.6M | $42.9M | 10x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0480% | 1h | 0.4646 | +0.346% | $276K | $1.7M | 50x | as long as short |
| Injective WLD/USDC PERP | +0.0677% | 1h | 0.4616 | −0.302% | $6K | $185K | 5.5x | as long as short |
| Kraken Futures PF_WLDUSDshort | +0.0893% | 1h | 0.4638 | +0.170% | $898K | $2.9M | 50x |
Binance WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
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
Reya WLDRUSDPERP
Phoenix WLD
BloFin WLD-USDT
Lighter WLD
GMX WLD/USD [ETH-USDC]
Hyperliquid WLD
Coinbase International WLD-PERP-INTX
Injective WLD/USDC PERP