Funding you earn now, next payment 06:00 UTC−0.0313%/8h= −34.2% APRpaid last 24h +0.018%
Price spread now: Binance against Deribit−0.331%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.331%, 7d avg −0.038%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.293% cheaper against Deribit than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.038%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.078%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.0% 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 | Deribit WLD_USDC-PERPETUAL | 0.4530 | 0.0413 | pay 0.0052% / 1h | 35m 08s | $145K | $1.0M | 25x |
| Short | Binance WLDUSDT | 0.4515 | 0.0100 | get 0.0100% / 8h | 2h 35m | $85.9M | $338.9M | 75x |
Deribit WLD_USDC-PERPETUAL
Binance WLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- −$65.66
- Price spread: −0.331% → −0.038%
- −$29.32
- Slippage, 4 orders
- −$15.21
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$127.19
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 4 min ago; Binance: live order book, 8 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 Deribit live order book, 4 min ago | 4.45 bp | 8.0 bp −$8 | 16.1 bp −$161 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.11 bp | 6.6 bp −$7 | 15.6 bp −$156 | 51.9 bp −$5,187 | 167.7 bp −$83.9K |
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 | −0.0060% | 1h | 0.4523 | −0.143% | $243K | $208K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4524 | −0.125% | $154K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4521 | −0.199% | $68K | $4.8M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4525 | −0.111% | $65K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0045% | 8h | 0.4522 | −0.177% | $6.8M | $11.9M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0064% | 1h | 0.4525 | −0.121% | $324 | $55 | 5x | as long as short |
| Polymarket Perps WLD-USD | +0.0068% | 1h | 0.4524 | −0.132% | $41K | $2.4M | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4527 | −0.066% | $28K | $826K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4515 | −0.338% | $225K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4524 | −0.124% | $50K | $541K | 5x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
01 Exchange WLDUSD
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 WLDUSDTshort | +0.0100% | 8h | 0.4515 | −0.331% | $85.9M | $338.9M | 75x | |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4512 | −0.397% | $64.2M | $91.9M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4510 | −0.442% | $34.2M | $153.5M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4522 | −0.177% | $7.3M | $37.1M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4521 | −0.199% | $38.5M | $55.6M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4517 | −0.287% | $29.7M | $31.0M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4520 | −0.221% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4523 | −0.152% | $134K | $307K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4509 | −0.468% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4505 | −0.543% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4512 | −0.396% | $599K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4512 | −0.397% | $48K | $240K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4533 | +0.066% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4526 | −0.088% | $208 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4520 | −0.221% | $828K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4525 | −0.110% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4525 | −0.115% | $221K | $999K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4528 | −0.033% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4526 | −0.092% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0142% | 1h | 0.4516 | −0.309% | $5K | $52K | 10x | as long as short |
| Lighter WLD | +0.0152% | 1h | 0.4530 | 0.000% | $4.9M | $2.9M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0176% | 1h | 0.4513 | −0.375% | $6K | $185K | 5.5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4525 | −0.116% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4523 | −0.155% | $4.8M | $930K | 75x | as long as short |
| Hyperliquid WLD | +0.0306% | 1h | 0.4523 | −0.163% | $48.9M | $44.2M | 10x | as long as short |
| Deribit WLD_USDC-PERPETUALlong | +0.0413% | 1h | 0.4530 | long leg | $145K | $1.0M | 25x | |
| Kraken Futures PF_WLDUSD | +0.0500% | 1h | 0.4530 | 0.000% | $864K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0536% | 1h | 0.4530 | 0.000% | $276K | $1.7M | 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
Reya WLDRUSDPERP
Phoenix WLD
Lighter WLD
Injective WLD/USDC PERP
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX