WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0142%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.012%

Price spread now: Phoenix against Deribit+0.273%70s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.273% dearer against Deribit than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLD_USDC-PERPETUAL	0.4541	0	get 0.0000% / 1h	56m 12s	$151K	$1.0M	25x
Short	Phoenix WLD	0.4553	0.0142	get 0.0018% / 1h	56m 12s	$5K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee PhoenixbpOrdersPrice spread, now +0.273%Rate

Funding earned: $29.9
Price spread: +0.273% → 0.000%: $27.31
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $43.2
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Deribit: live order book, 3 min ago; Phoenix: no order-book sample. Net counts fees only.

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	4.37 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.011%	$239K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4543	+0.035%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4544	+0.066%	$56K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4541	long leg	$151K	$1.0M	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4542	+0.015%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0080%	8h	0.4538	−0.066%	$6.7M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4541	0.000%	$27K	$789K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4542	+0.016%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4543	+0.035%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4540	−0.022%	$86.4M	$339.5M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4540	−0.022%	$64.7M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4542	+0.022%	$34.3M	$155.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4541	0.000%	$7.2M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4540	−0.022%	$40.4M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4542	+0.022%	$30.0M	$31.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4541	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4543	+0.048%	$132K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4556	+0.323%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4546	+0.102%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4556	+0.330%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4557	+0.352%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4541	+0.002%	$54K	$2.5M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4549	+0.176%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4539	−0.044%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4539	−0.044%	$830K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4543	+0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4539	−0.048%	$209K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4541	+0.011%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4544	+0.066%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4541	+0.006%	—	—	20x	as long as short
Phoenix WLDshort	+0.0142%	1h	0.4553	+0.273%	$5K	$44K	10x
01 Exchange WLDUSD	+0.0176%	1h	0.4544	+0.057%	$325	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4541	−0.003%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4548	+0.154%	$4.8M	$920K	75x	as long as short
Lighter WLD	+0.0424%	1h	0.4546	+0.099%	$4.9M	$2.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4548	+0.154%	$273K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0713%	1h	0.4550	+0.189%	$49.7M	$44.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1042%	1h	0.4542	+0.033%	$864K	$2.9M	50x	as long as short