Funding you earn now, next payment 09:00 UTC−0.0612%/8h= −67.0% APRnext payment −$0.76 per $10,000 · paid last 24h −0.111%
Price spread now: Deribit against Coinbase International−0.134%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Funding, last 7 days−0.240%−$24 on $10k
+Price spread, last 4 days (all we have)+0.299%+$30 · spread now −0.134%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Deribit is 0.105% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.240% in total (about -12.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.76 per $10,000. 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 | Coinbase International WLD-PERP-INTX | 0.4493 | 0.0416 | pay 0.0052% / 1h | 54m 29s | $268K | $1.5M | 50x |
| Short | Deribit WLD_USDC-PERPETUAL | 0.4487 | −0.0196 | pay 0.0024% / 1h | 54m 29s | $126K | $1.0M | 25x |
Coinbase International WLD-PERP-INTX
Deribit WLD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Coinbase International. 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
- −$128.42
- Price spread: −0.134% → −0.028%
- −$10.53
- Slippage, 4 orders
- −$39.97
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$195.92
- Costs to cover
- 0.570%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Deribit: live order book, 29 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 Coinbase International live order book, 4 min ago | 3.30 bp | 23.3 bp −$23 | 30.1 bp −$301 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 29 min ago | 4.42 bp | 7.9 bp −$8 | 16.5 bp −$165 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit WLD_USDC-PERPETUALshort | −0.0196% | 1h | 0.4487 | −0.134% | $126K | $1.0M | 25x | |
| ApeX Omni WLDUSDT | −0.0123% | 1h | 0.4544 | +1.135% | $48K | $237K | 50x | as long as short |
| Nado WLD-PERP | −0.0019% | 1h | 0.4485 | −0.167% | $233K | $171K | 5x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4501 | +0.178% | $64K | $4.6M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4556 | +1.396% | $66K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0033% | 1h | 0.4508 | +0.334% | $6K | $185K | 5.5x | as long as short |
| dYdX WLD-USD | +0.0058% | 1h | 0.4476 | −0.387% | $153K | $31K | 10x | as long as short |
| 01 Exchange WLDUSD | +0.0064% | 1h | 0.4486 | −0.154% | $321 | $55 | 5x | as long as short |
| Gate WLD_USDT | +0.0073% | 8h | 0.4483 | −0.223% | $7.0M | $32.2M | 75x | as long as short |
| Lighter WLD | +0.0096% | 1h | 0.4474 | −0.418% | $4.8M | $3.0M | 10x | as long as short |
ApeX Omni WLDUSDT
Nado WLD-PERP
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
dYdX WLD-USD
01 Exchange WLDUSD
Gate WLD_USDT
Lighter WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4486 | −0.156% | $27K | $487K | 10x | as long as short |
| Hyperliquid WLD | +0.0100% | 1h | 0.4492 | −0.016% | $49.9M | $43.1M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4488 | −0.117% | $213K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4474 | −0.412% | $56K | $540K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4484 | −0.199% | $85.7M | $332.0M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4483 | −0.223% | $63.6M | $90.1M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4483 | −0.223% | $34.0M | $148.3M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4484 | −0.200% | $39.8M | $56.1M | 300x | as long as short |
| KuCoin WLDUSDTM | +0.0100% | 8h | 0.4483 | −0.223% | $6.6M | $11.6M | 50x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4484 | −0.200% | $29.6M | $31.2M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4484 | −0.200% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4482 | −0.252% | $128K | $286K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4532 | +0.859% | $2.1M | $1.5M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4541 | +1.058% | $27K | $321K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4550 | +1.269% | $602K | $2.2M | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4489 | −0.085% | $49K | $2.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4494 | +0.022% | $22K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4488 | −0.111% | $231 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4492 | −0.022% | $823K | $1.3M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4490 | −0.067% | $1.7M | $3.5M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4479 | −0.308% | $211K | $804K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4495 | +0.041% | $31K | $500 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4482 | −0.254% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0194% | 1h | 0.4545 | +1.160% | $4K | $43K | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0203% | 1h | 0.4490 | −0.065% | $888K | $2.7M | 50x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4489 | −0.087% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4510 | +0.378% | $4.4M | $940K | 75x | as long as short |
| Coinbase International WLD-PERP-INTXlong | +0.0416% | 1h | 0.4493 | long leg | $268K | $1.5M | 50x |
Orderly PERP_WLD_USDC
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
KuCoin WLDUSDTM
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
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
Kraken Futures PF_WLDUSD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT