Funding you earn now, next payment 06:00 UTC−0.0388%/8h= −42.5% APRnext payment −$0.48 per $10,000 · paid last 24h −0.072%
Price spread now: Polymarket Perps against Coinbase International−0.152%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$610.608% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.152%, 7d avg −0.038%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Polymarket Perps is 0.114% 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 −0.038%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.112% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.48 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 | 0.4548 | 0.0488 | pay 0.0061% / 1h | 55m 57s | $273K | $1.7M | 50x |
| Short | Polymarket Perps WLD-USD | 0.4541 | 0.0100 | get 0.0013% / 1h | 55m 57s | $54K | $2.5M | 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
- −$81.48
- Price spread: −0.152% → −0.038%
- −$11.35
- Slippage, 4 orders
- −$42.78
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$153.61
- Costs to cover
- 0.608%
- 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 | 4.38 bp | 27.2 bp −$27 | 46.6 bp −$466 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 2.85 bp | 6.8 bp −$7 | 7.5 bp −$75 | 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 | −0.0057% | 1h | 0.4541 | −0.165% | $239K | $170K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4543 | −0.119% | $155K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4544 | −0.088% | $56K | $4.8M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4541 | −0.154% | $151K | $1.0M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4542 | −0.139% | $66K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0080% | 8h | 0.4542 | −0.132% | $6.7M | $11.8M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4541 | −0.154% | $27K | $789K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4544 | −0.099% | $226K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4543 | −0.119% | $50K | $539K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4542 | −0.122% | $86.7M | $339.5M | 75x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4541 | −0.154% | $64.7M | $91.6M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4543 | −0.110% | $34.3M | $155.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4541 | −0.154% | $7.2M | $36.0M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4543 | −0.110% | $40.4M | $56.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4543 | −0.110% | $30.0M | $31.3M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4541 | −0.154% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4543 | −0.106% | $132K | $299K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4556 | +0.168% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4546 | −0.052% | $27K | $319K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4556 | +0.176% | $604K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4557 | +0.198% | $48K | $240K | 50x | as long as short |
| Polymarket Perps WLD-USDshort | +0.0100% | 1h | 0.4541 | −0.152% | $54K | $2.5M | 10x | |
| SunX WLD-USDT | +0.0100% | 8h | 0.4549 | +0.022% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4539 | −0.198% | $210 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4539 | −0.198% | $830K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4543 | −0.110% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4542 | −0.135% | $209K | $1.0M | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4541 | −0.143% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0132% | 1h | 0.4544 | −0.088% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4541 | −0.148% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0142% | 1h | 0.4553 | +0.119% | $5K | $44K | 10x | as long as short |
| 01 Exchange WLDUSD | +0.0176% | 1h | 0.4544 | −0.097% | $325 | $55 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4541 | −0.157% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4548 | 0.000% | $4.8M | $920K | 75x | as long as short |
| Lighter WLD | +0.0424% | 1h | 0.4546 | −0.055% | $4.9M | $2.9M | 10x | as long as short |
| Coinbase International WLD-PERP-INTXlong | +0.0488% | 1h | 0.4548 | long leg | $273K | $1.7M | 50x | |
| Hyperliquid WLD | +0.0713% | 1h | 0.4550 | +0.035% | $49.7M | $44.7M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1042% | 1h | 0.4542 | −0.121% | $864K | $2.9M | 50x | as long as short |
Bybit 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
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Injective WLD/USDC PERP
Reya WLDRUSDPERP
Phoenix WLD
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Lighter WLD
Hyperliquid WLD
Kraken Futures PF_WLDUSD