Spread before costs (cost unknown: a leg has no order-book sample)−0.322%
7d average—if it closes, per $10,000$32funding while held, a day−$5.73
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid WLD | 0.4353 | 0.0100 | pay 0.0013% / 1h | 39m 36s | $44.2M | $36.0M | 10x |
| Short | Phoenix WLD | 0.4339 | −0.0091 | pay 0.0011% / 1h | 39m 36s | $2K | $50K | 10x |
Hyperliquid WLD
Phoenix WLDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$32.16
- Funding while held
- −$5.73
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$53.9
- Spread needed to break even
- 0.160%
Slippage unknown: Hyperliquid: live order book, 5 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0191%
- Per $10,000 a day
- −$5.73
- Average in range /8h
- —
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 Hyperliquid live order book, 5 min ago | 1.14 bp | 7.4 bp −$7 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.4333cheapest
Variational OmniPhoenix0.4339+0.138%
BloFin0.4339+0.145%Coinbase International0.4344+0.260%SoDEX0.4345+0.283%HTX0.4345+0.283%Phemex0.4346+0.306%Kalshi0.4347+0.329%Extended0.4347+0.339%Reya0.4348+0.346%Nado0.4348+0.352%Aevo0.4349+0.371%Aster0.4349+0.373%Backpack0.4349+0.385%Kraken Futures0.4350+0.389%OKX0.4350+0.398%KuCoin0.4350+0.398%BingX0.4350+0.398%Deribit0.4350+0.398%Polymarket Perps0.4350+0.401%Bybit0.4351+0.421%Gate0.4351+0.421%Bitget0.4351+0.421%Orderly0.4351+0.421%MEXC0.4352+0.445%
BloFin
Coinbase International
SoDEX
HTX
Phemex
Extended
Reya
Nado
Aevo
Aster
Backpack
Kraken Futures
OKX
KuCoin
BingX
Deribit
Polymarket Perps
Bybit
Gate
Bitget
Orderly
MEXCHyperliquid0.4353+0.461%
gTrade (Gains Network)0.4353+0.466%GMX0.4353+0.467%Pacifica0.4353+0.470%01 Exchange0.4353+0.475%Binance0.4355+0.513%SunX0.4355+0.514%dYdX0.4357+0.554%edgeX0.4361+0.645%Lighter0.4361+0.664%ApeX Omni0.4363+0.698%Injective0.4391+1.345%
gTrade (Gains Network)
GMX
Pacifica
Binance
SunX
dYdX
Lighter
ApeX Omni
InjectiveWLD on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni WLD | −0.459% | −0.0217% | 8h | $2.0M | $1.6M | — | as long as short |
| Phoenix WLDshort | −0.322% | −0.0091% | 1h | $2K | $50K | 10x | |
| BloFin WLD-USDT | −0.315% | +0.0055% | 8h | $4.8M | $1.0M | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | −0.200% | +0.0296% | 1h | $262K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | −0.177% | +0.0100% | 1h | $189 | $5K | 10x | as long as short |
| HTX WLD-USDT | −0.177% | +0.0100% | 8h | $809K | $1.6M | 50x | as long as short |
| Phemex WLDUSDT | −0.154% | +0.0100% | 8h | $1.8M | $3.8M | 50x | as long as short |
| Kalshi KXWLDPERP | −0.131% | −0.0170% | 8h | $88K | $3.5M | 1.7x | as long as short |
| Extended WLD-USD | −0.121% | +0.0048% | 1h | $148K | $581K | 10x | as long as short |
| Reya WLDRUSDPERP | −0.114% | +0.0134% | 1h | — | — | 20x | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.108% | −0.0050% | 1h | $340K | $187K | 5x | as long as short |
| Aevo WLD-PERP | −0.089% | +0.0064% | 1h | $30K | $5K | 3x | as long as short |
| Aster WLDUSDT | −0.087% | +0.0100% | 8h | $226K | $928K | 50x | as long as short |
| Backpack WLD_USDC_PERP | −0.076% | +0.0066% | 1h | $130K | $290K | 10x | as long as short |
| Kraken Futures PF_WLDUSD | −0.071% | +0.0170% | 1h | $880K | $2.3M | 50x | as long as short |
| OKX WLD-USDT-SWAP | −0.062% | −0.0030% | 8h | $33.2M | $125.5M | 50x | as long as short |
| KuCoin WLDUSDTM | −0.062% | −0.0033% | 8h | $7.0M | $10.3M | 50x | as long as short |
| BingX WLD-USDC | −0.062% | +0.0071% | 8h | — | $1.3M | — | as long as short |
| Deribit WLD_USDC-PERPETUAL | −0.062% | 0.0000% | 1h | $110K | $770K | 25x | as long as short |
| Polymarket Perps WLD-USD | −0.060% | +0.0100% | 1h | $40K | $1.8M | 10x | as long as short |
| Bybit WLDUSDT | −0.039% | −0.0262% | 8h | $62.2M | $70.4M | 50x | as long as short |
| Gate WLD_USDT | −0.039% | −0.0154% | 8h | $7.2M | $31.9M | 75x | as long as short |
| Bitget WLDUSDT | −0.039% | +0.0075% | 8h | $28.3M | $24.3M | 75x | as long as short |
| Orderly PERP_WLD_USDC | −0.039% | −0.0039% | 8h | $27K | $938K | 10x | as long as short |
| MEXC WLD_USDT | −0.016% | −0.0064% | 8h | $42.2M | $42.9M | 300x | as long as short |
| Hyperliquid WLDlong | 0.000% | +0.0100% | 1h | $44.2M | $36.0M | 10x | |
| gTrade (Gains Network) WLD/USD | +0.005% | L +0.0003% / S −0.0003% | 1h | $56K | — | 150x | as long as short |
| GMX WLD/USD [ETH-USDC] | +0.006% | L +0.0186% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
| Pacifica WLD | +0.010% | +0.0100% | 1h | $61K | $482K | 5x | as long as short |
| 01 Exchange WLDUSD | +0.014% | −0.0008% | 1h | $311 | $77 | 5x | as long as short |
| Binance WLDUSDT | +0.052% | −0.0065% | 8h | $78.7M | $263.2M | 75x | as long as short |
| SunX WLD-USDT | +0.053% | +0.0100% | 8h | $22K | $1.4M | 50x | as long as short |
| dYdX WLD-USD | +0.093% | +0.0005% | 1h | $150K | $4K | 10x | as long as short |
| edgeX WLDUSDC | +0.183% | +0.0100% | 4h | $26K | $316K | 20x | as long as short |
| Lighter WLD | +0.202% | +0.0096% | 1h | $4.7M | $1.2M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.237% | +0.0100% | 1h | $63K | $220K | 50x | as long as short |
| Injective WLD/USDC PERP | +0.880% | +0.0217% | 1h | $6K | $193 | 5.5x | as long as short |