Funding you earn now, next payment 03:00 UTC−0.0298%/8h= −32.6% APRnext payment −$0.37 per $10,000 · paid last 24h +0.037%
Price spread now: Polymarket Perps against Deribit−0.302%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$430.435% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 4 days (all we have)−0.458%−$46 · spread now −0.302%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Polymarket Perps is 0.292% cheaper against Deribit than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.011%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.112%, 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 0.112% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 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 | 0.4632 | 0.0398 | pay 0.0050% / 1h | 10m 41s | $120K | $918K | 25x |
| Short | Polymarket Perps WLD-USD | 0.4618 | 0.0100 | get 0.0013% / 1h | 10m 41s | $53K | $2.0M | 10x |
Deribit WLD_USDC-PERPETUAL
Polymarket Perps WLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$62.6
- Price spread: −0.302% → −0.011%
- −$29.17
- Slippage, 4 orders
- −$28.46
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$135.23
- Costs to cover
- 0.435%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 53 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 Deribit live order book, 53 min ago | 6.41 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 3.35 bp | 7.3 bp −$7 | 7.7 bp −$77 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0119% | 8h | 0.4630 | −0.043% | $46K | $4.6M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0024% | 8h | 0.4618 | −0.302% | $7.0M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4621 | −0.247% | $165K | $26K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4624 | −0.176% | $55K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0007% | 1h | 0.4619 | −0.275% | $267K | $187K | 5x | as long as short |
| 01 Exchange WLDUSD | +0.0056% | 1h | 0.4619 | −0.281% | $330 | $80 | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0078% | 8h | 0.4630 | −0.043% | $28K | $890K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4622 | −0.222% | $174K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4619 | −0.273% | $48K | $511K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4618 | −0.295% | $87.8M | $326.4M | 75x | as long as short |
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
01 Exchange WLDUSD
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 | 0.4617 | −0.324% | $66.0M | $88.4M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4615 | −0.367% | $34.9M | $149.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4620 | −0.259% | $7.2M | $37.1M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4617 | −0.324% | $45.8M | $54.7M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4615 | −0.367% | $30.6M | $29.7M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4620 | −0.259% | — | $67.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4627 | −0.108% | $134K | $292K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4615 | −0.376% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4629 | −0.069% | $27K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4621 | −0.237% | $616K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4629 | −0.065% | $51K | $236K | 50x | as long as short |
| Polymarket Perps WLD-USDshort | +0.0100% | 1h | 0.4618 | −0.302% | $53K | $2.0M | 10x | |
| SunX WLD-USDT | +0.0100% | 8h | 0.4627 | −0.108% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4630 | −0.043% | $179 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4624 | −0.173% | $845K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4631 | −0.022% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4618 | −0.295% | $213K | $929K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4632 | −0.011% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4618 | −0.298% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0172% | 1h | 0.4621 | −0.235% | $5K | $57K | 10x | as long as short |
| Lighter WLD | +0.0176% | 1h | 0.4625 | −0.162% | $5.0M | $2.3M | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4630 | −0.043% | $5.0M | $804K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4621 | −0.235% | $5K | — | 100x | as long as short |
| Deribit WLD_USDC-PERPETUALlong | +0.0398% | 1h | 0.4632 | long leg | $120K | $918K | 25x | |
| Hyperliquid WLD | +0.0476% | 1h | 0.4625 | −0.160% | $51.5M | $42.7M | 10x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0480% | 1h | 0.4625 | −0.151% | $273K | $1.7M | 50x | as long as short |
| Injective WLD/USDC PERP | +0.0677% | 1h | 0.4636 | +0.086% | $6K | $185K | 5.5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0894% | 1h | 0.4632 | +0.003% | $897K | $2.9M | 50x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
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
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Hyperliquid WLD
Coinbase International WLD-PERP-INTX
Injective WLD/USDC PERP
Kraken Futures PF_WLDUSD