Funding you earn now, next payment 00:00 UTC−0.0348%/8h= −38.1% APRnext payment −$0.43 per $10,000 · paid last 24h −0.044%
Price spread now: Polymarket Perps against Coinbase International−0.452%47s7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as 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−$600.604% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 3 days (all we have)+0.457%+$46 · spread now −0.452%, 7d avg −0.034%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Polymarket Perps is 0.419% cheaper against Coinbase International than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of −0.034%). Swap the legs. The two prices were read 47 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 -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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 | 0.4598 | 0.0448 | pay 0.0056% / 1h | 55m 29s | $273K | $1.7M | 50x |
| Short | Polymarket Perps WLD-USD | 0.4577 | 0.0100 | get 0.0013% / 1h | 55m 29s | $48K | $1.6M | 10x |
Coinbase International WLD-PERP-INTX
Polymarket Perps WLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$73.08
- Price spread: −0.452% → −0.034%
- −$41.86
- Slippage, 4 orders
- −$42.44
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$175.39
- Costs to cover
- 0.604%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Polymarket Perps: live order book, 3 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, 3 min ago | 8.72 bp | 17.3 bp −$17 | 23.2 bp −$232 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 3.39 bp | 7.4 bp −$7 | 9.8 bp −$98 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate WLD_USDT | −0.0231% | 8h | 0.4576 | −0.478% | $7.5M | $34.9M | 75x | as long as short |
| Kalshi KXWLDPERP | −0.0208% | 8h | 0.4593 | −0.109% | $65K | $3.9M | 1.7x | as long as short |
| ApeX Omni WLDUSDT | −0.0046% | 1h | 0.4583 | −0.326% | $54K | $228K | 50x | as long as short |
| KuCoin WLDUSDTM | −0.0001% | 8h | 0.4573 | −0.544% | $7.0M | $11.0M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4574 | −0.526% | $163K | $13K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4589 | −0.191% | $56K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0037% | 1h | 0.4576 | −0.478% | $276K | $169K | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4585 | −0.283% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0040% | 8h | 0.4588 | −0.217% | $28K | $905K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4576 | −0.477% | $191K | $1.0M | 50x | as long as short |
Gate WLD_USDT
Kalshi KXWLDPERP
ApeX Omni WLDUSDT
KuCoin WLDUSDTM
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4576 | −0.488% | $54K | $487K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4576 | −0.486% | $86.5M | $303.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4575 | −0.500% | $65.7M | $82.6M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4575 | −0.500% | $34.3M | $143.4M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4575 | −0.500% | $46.4M | $53.1M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4574 | −0.522% | $30.3M | $26.1M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4575 | −0.500% | — | $67.1M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4594 | −0.085% | $137K | $283K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4593 | −0.111% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4577 | −0.446% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4589 | −0.185% | $609K | $1.9M | 10x | as long as short |
| Polymarket Perps WLD-USDshort | +0.0100% | 1h | 0.4577 | −0.452% | $48K | $1.6M | 10x | |
| SunX WLD-USDT | +0.0100% | 8h | 0.4593 | −0.109% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4591 | −0.152% | $212 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4586 | −0.261% | $853K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4594 | −0.087% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4571 | −0.595% | $231K | $847K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4590 | −0.165% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0104% | 1h | 0.4583 | −0.322% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4573 | −0.536% | — | — | 20x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0186% | 1h | 0.4592 | −0.130% | $123K | $892K | 25x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4585 | −0.283% | $4.9M | $820K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4588 | −0.222% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0272% | 1h | 0.4577 | −0.450% | $327 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0328% | 1h | 0.4594 | −0.077% | $905K | $2.7M | 50x | as long as short |
| Coinbase International WLD-PERP-INTXlong | +0.0448% | 1h | 0.4598 | long leg | $273K | $1.7M | 50x | |
| Hyperliquid WLD | +0.0747% | 1h | 0.4586 | −0.254% | $50.9M | $43.6M | 10x | as long as short |
| Lighter WLD | +0.1152% | 1h | 0.4583 | −0.320% | $5.2M | $2.0M | 10x | as long as short |
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Phoenix WLD
Reya WLDRUSDPERP
Deribit WLD_USDC-PERPETUAL
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Hyperliquid WLD
Lighter WLD