Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.017%
Price spread now: Phoenix against gTrade (Gains Network)+0.128%117s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+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 +$2 a day on $10k at the current rate, and Phoenix is 0.128% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 117 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 | gTrade (Gains Network) WLD/USD | 0.4475 | L +0.0003% / S −0.0003% | pay 0.0000% / 1h | 51m 03s | $65K | — | 150x |
| Short | Phoenix WLD | 0.4481 | 0.0053 | get 0.0007% / 1h | 51m 03s | $4K | $40K | 10x |
gTrade (Gains Network) WLD/USD
Phoenix WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against gTrade (Gains Network). 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
- $10.54
- Price spread: +0.128% → 0.000%
- $12.8
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $6.35
- Costs to cover
- 0.170%
- Break-even
- 2.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
gTrade (Gains Network) and 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit WLD_USDC-PERPETUAL | −0.0199% | 1h | 0.4455 | −0.446% | $101K | $1.1M | 25x | as long as short |
| Kraken Futures PF_WLDUSD | −0.0194% | 1h | 0.4456 | −0.415% | $856K | $2.6M | 50x | as long as short |
| Nado WLD-PERP | −0.0135% | 1h | 0.4452 | −0.513% | $234K | $159K | 5x | as long as short |
| Polymarket Perps WLD-USD | −0.0124% | 1h | 0.4450 | −0.565% | $48K | $2.6M | 10x | as long as short |
| Bybit WLDUSDT | −0.0121% | 8h | 0.4454 | −0.469% | $63.7M | $84.9M | 50x | as long as short |
| 01 Exchange WLDUSD | −0.0088% | 1h | 0.4455 | −0.453% | $319 | $55 | 5x | as long as short |
| Gate WLD_USDT | −0.0088% | 8h | 0.4456 | −0.424% | $7.0M | $31.1M | 75x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4456 | −0.424% | $69K | $4.2M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USDlong | L +0.0003% / S −0.0003% | 1h | 0.4475 | long leg | $65K | — | 150x | |
| Injective WLD/USDC PERP | +0.0007% | 1h | 0.4477 | +0.045% | $6K | $185K | 5.5x | as long as short |
Deribit WLD_USDC-PERPETUAL
Kraken Futures PF_WLDUSD
Nado WLD-PERP
Polymarket Perps WLD-USD
Bybit WLDUSDT
01 Exchange WLDUSD
Gate WLD_USDT
Kalshi KXWLDPERP
Injective WLD/USDC PERPShow all 38 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX WLD-USD | +0.0013% | 1h | 0.4456 | −0.424% | $152K | $31K | 10x | as long as short |
| Phoenix WLDshort | +0.0053% | 1h | 0.4481 | +0.128% | $4K | $40K | 10x | |
| KuCoin WLDUSDTM | +0.0063% | 8h | 0.4454 | −0.469% | $6.5M | $10.4M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0089% | 8h | 0.4453 | −0.491% | $27K | $335K | 10x | as long as short |
| Variational Omni WLD | +0.0094% | 8h | 0.4473 | −0.036% | $2.1M | $1.4M | — | as long as short |
| Lighter WLD | +0.0096% | 1h | 0.4459 | −0.352% | $4.8M | $3.0M | 10x | as long as short |
| Hyperliquid WLD | +0.0100% | 1h | 0.4459 | −0.364% | $49.1M | $28.8M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4455 | −0.439% | $209K | $884K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4453 | −0.499% | $58K | $498K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4457 | −0.402% | $84.7M | $313.1M | 75x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4454 | −0.469% | $33.8M | $141.0M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4456 | −0.424% | $41.4M | $54.4M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4454 | −0.469% | $29.4M | $28.6M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4456 | −0.424% | — | $55.4M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4457 | −0.397% | $129K | $275K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4473 | −0.050% | $27K | $322K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4471 | −0.089% | $593K | $2.2M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4474 | −0.022% | $59K | $242K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4459 | −0.357% | $22K | $1.4M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4453 | −0.491% | $229 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4453 | −0.491% | $817K | $1.2M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4457 | −0.402% | $1.7M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4452 | −0.513% | $210K | $659K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4455 | −0.455% | $30K | $500 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4450 | −0.549% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0218% / S −0.0967% | 1h | 0.4463 | −0.266% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4452 | −0.513% | $4.8M | $912K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0344% | 1h | 0.4459 | −0.357% | $270K | $973K | 50x | as long as short |
dYdX WLD-USD
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Variational Omni WLD
Lighter WLD
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
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
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX