Funding you earn now, next payment 22:00 UTC−0.0391%/8h= −42.8% APRpaid last 24h −0.051%
Price spread now: Orderly against Injective−0.638%58s7-day average −0.182% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 3 days (all we have)+0.709%+$71 · spread now −0.638%, 7d avg −0.182%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Orderly is 0.456% cheaper against Injective than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of −0.182%). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment. 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 | Injective WLD/USDC PERP | 0.4542 | 0.0374 | pay 0.0047% / 1h | 6m 14s | $6K | $185K | 5.5x |
| Short | Orderly PERP_WLD_USDC | 0.4513 | −0.0017 | pay 0.0017% / 8h | 2h 06m | $27K | $916K | 10x |
Injective WLD/USDC PERP
Orderly PERP_WLD_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Injective. 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
- −$82.03
- Price spread: −0.638% → −0.182%
- −$45.6
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$133.65
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 48 min ago; Orderly: 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 Injective live order book, 48 min ago | 49.15 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0489% | 8h | 0.4515 | −0.594% | $45K | $3.8M | 1.7x | as long as short |
| Orderly PERP_WLD_USDCshort | −0.0017% | 8h | 0.4513 | −0.638% | $27K | $916K | 10x | |
| KuCoin WLDUSDTM | −0.0004% | 8h | 0.4510 | −0.705% | $7.0M | $10.7M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4516 | −0.577% | $154K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4514 | −0.616% | $122K | $911K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4513 | −0.629% | $56K | — | 150x | as long as short |
| Variational Omni WLD | +0.0006% | 8h | 0.4520 | −0.476% | $2.1M | $1.7M | — | as long as short |
| Nado WLD-PERP | +0.0041% | 1h | 0.4513 | −0.627% | $271K | $169K | 5x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4524 | −0.396% | $5K | $52K | 10x | as long as short |
| OKX WLD-USDT-SWAP | +0.0088% | 8h | 0.4508 | −0.749% | $33.7M | $137.4M | 50x | as long as short |
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Variational Omni WLD
Nado WLD-PERP
Phoenix WLD
OKX WLD-USDT-SWAPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC WLD_USDT | +0.0096% | 8h | 0.4510 | −0.705% | $51.5M | $48.2M | 300x | as long as short |
| Binance WLDUSDT | +0.0096% | 8h | 0.4512 | −0.661% | $84.7M | $292.9M | 75x | as long as short |
| Hyperliquid WLD | +0.0100% | 1h | 0.4517 | −0.550% | $46.4M | $41.3M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4515 | −0.592% | $214K | $976K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4515 | −0.587% | $51K | $481K | 5x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4509 | −0.727% | $64.3M | $80.5M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4513 | −0.638% | $7.3M | $34.8M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4509 | −0.727% | $29.9M | $25.1M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4512 | −0.661% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4523 | −0.414% | $128K | $270K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4522 | −0.437% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4526 | −0.359% | $607K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4521 | −0.462% | $54K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4512 | −0.652% | $51K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4518 | −0.528% | $22K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4512 | −0.661% | $198 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4526 | −0.352% | $854K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4512 | −0.661% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4510 | −0.695% | $132K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4513 | −0.627% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4512 | −0.665% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0216% | 8h | 0.4527 | −0.330% | $4.8M | $810K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0216% / S −0.1712% | 1h | 0.4513 | −0.644% | $9K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0312% | 1h | 0.4516 | −0.575% | $323 | $77 | 5x | as long as short |
| Injective WLD/USDC PERPlong | +0.0374% | 1h | 0.4542 | long leg | $6K | $185K | 5.5x | |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4527 | −0.330% | $278K | $1.6M | 50x | as long as short |
| Lighter WLD | +0.0944% | 1h | 0.4521 | −0.471% | $5.1M | $2.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1105% | 1h | 0.4515 | −0.604% | $918K | $2.6M | 50x | as long as short |
MEXC WLD_USDT
Binance WLDUSDT
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Bybit WLDUSDT
Gate WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
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
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Lighter WLD
Kraken Futures PF_WLDUSD