Funding you earn now, next payment 08:00 UTC+0.0440%/8h= +48.2% APRnext payment +$0.55 per $10,000 · paid last 24h +0.111%
Price spread now: Coinbase International against Deribit+0.089%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$610.612% of the position
Funding, last 7 days+0.240%+$24 on $10k
+Price spread, last 4 days (all we have)−0.255%−$25 · spread now +0.089%, 7d avg +0.028%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.060% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.028%.
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 +$0.55 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 | Deribit WLD_USDC-PERPETUAL | 0.4509 | 0 | get 0.0000% / 1h | 35m 47s | $118K | $1.0M | 25x |
| Short | Coinbase International WLD-PERP-INTX | 0.4513 | 0.0440 | get 0.0055% / 1h | 35m 47s | $268K | $1.6M | 50x |
Deribit WLD_USDC-PERPETUAL
Coinbase International WLD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $92.4
- Price spread: +0.089% → +0.028%
- $6.05
- Slippage, 4 orders
- −$44.21
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $37.24
- Costs to cover
- 0.612%
- Break-even
- 4.2 days
Slippage from Deribit: live order book, 3 min ago; Coinbase International: 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 Deribit live order book, 3 min ago | 6.66 bp | 10.2 bp −$10 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 6.65 bp | 18.2 bp −$18 | 23.3 bp −$233 | 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 | −0.0014% | 1h | 0.4502 | −0.155% | $234K | $175K | 5x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4506 | −0.067% | $36K | $4.6M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUALlong | 0.0000% | 1h | 0.4509 | long leg | $118K | $1.0M | 25x | |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4507 | −0.050% | $65K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4507 | −0.044% | $27K | $594K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4508 | −0.033% | $227K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4508 | −0.026% | $54K | $542K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4505 | −0.097% | $86.2M | $333.2M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4502 | −0.155% | $63.6M | $89.0M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4504 | −0.111% | $34.1M | $149.2M | 50x | as long as short |
Nado WLD-PERP
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate WLD_USDT | +0.0100% | 8h | 0.4504 | −0.111% | $7.1M | $34.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4506 | −0.067% | $42.0M | $55.9M | 300x | as long as short |
| KuCoin WLDUSDTM | +0.0100% | 8h | 0.4504 | −0.111% | $6.6M | $11.6M | 50x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4506 | −0.067% | $29.7M | $30.9M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4504 | −0.111% | — | $20.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4507 | −0.042% | $131K | $297K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4503 | −0.138% | $2.1M | $1.5M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4504 | −0.101% | $27K | $321K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4503 | −0.133% | $600K | $2.1M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4504 | −0.111% | $48K | $237K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4503 | −0.133% | $49K | $2.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4510 | +0.022% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4509 | 0.000% | $216 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4505 | −0.089% | $825K | $1.5M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4509 | 0.000% | $1.7M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4504 | −0.115% | $207K | $876K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4510 | +0.023% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0109% | 1h | 0.4508 | −0.022% | $6K | $185K | 5.5x | as long as short |
| dYdX WLD-USD | +0.0123% | 1h | 0.4508 | −0.031% | $154K | $32K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4508 | −0.032% | — | — | 20x | as long as short |
| Hyperliquid WLD | +0.0138% | 1h | 0.4509 | +0.002% | $49.9M | $43.1M | 10x | as long as short |
| 01 Exchange WLDUSD | +0.0176% | 1h | 0.4506 | −0.060% | $322 | $55 | 5x | as long as short |
| Phoenix WLD | +0.0194% | 1h | 0.4514 | +0.113% | $4K | $44K | 10x | as long as short |
| Lighter WLD | +0.0208% | 1h | 0.4512 | +0.062% | $4.9M | $2.9M | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4507 | −0.052% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4514 | +0.111% | $4.4M | $909K | 75x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0304% | 1h | 0.4512 | +0.059% | $866K | $2.8M | 50x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.0440% | 1h | 0.4513 | +0.089% | $268K | $1.6M | 50x |
Gate WLD_USDT
MEXC WLD_USDT
KuCoin WLDUSDTM
Bitget WLDUSDT
BingX WLD-USDT
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
Injective WLD/USDC PERP
dYdX WLD-USD
Reya WLDRUSDPERP
Hyperliquid WLD
01 Exchange WLDUSD
Phoenix WLD
Lighter WLD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Kraken Futures PF_WLDUSD