After costs, if the gap returns to its 7d average, $10k−$130
spread now−0.137%7d average+0.163%fees + slippage, in and out−$100spread needed1.001%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXWLDPERP | 0.4385 | −0.0168 | get 0.0168% / 8h | 2h 46m | $76K | $3.4M | 1.7x |
| Short | Phemex WLDUSDT | 0.4379 | 0.0100 | get 0.0100% / 8h | 6h 46m | $1.8M | $3.8M | 50x |
Phemex WLDUSDTPrice 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
- −$13.68
- Funding while held
- $8.05
- Slippage, 4 orders
- −$78.09
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$105.72
- Spread needed to break even
- 1.001%
Slippage from Kalshi: live order book, 3 min ago; Phemex: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0268%
- Per $10,000 a day
- +$8.05
- 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 Kalshi live order book, 3 min ago | 6.83 bp | 12.8 bp −$13 | 20.9 bp −$209 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 3.42 bp | 33.5 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
WLD price on every exchange
against the cheapest. Click to use as the short leg.OKX0.4367cheapestBybit0.4368+0.023%Bitget0.4368+0.023%MEXC0.4369+0.046%KuCoin0.4369+0.046%Binance0.4371+0.092%Pacifica0.4373+0.137%Extended0.4375+0.172%BingX0.4375+0.183%dYdX0.4376+0.199%Hyperliquid0.4376+0.218%SoDEX0.4377+0.229%Lighter0.4377+0.231%Gate0.4378+0.252%Reya0.4379+0.273%
OKX
Bybit
Bitget
MEXC
KuCoin
Binance
Pacifica
Extended
BingX
dYdX
Hyperliquid
SoDEX
Lighter
Gate
ReyaPhemex0.4379+0.275%
Backpack0.4380+0.289%Nado0.4380+0.309%BloFin0.4381+0.321%Aster0.4382+0.338%Orderly0.4382+0.343%Aevo0.4382+0.355%Deribit0.4383+0.366%GMX0.4384+0.384%gTrade (Gains Network)0.4384+0.395%HTX0.4385+0.412%Polymarket Perps0.4385+0.419%ApeX Omni0.4386+0.435%SunX0.4386+0.435%Kraken Futures0.4386+0.439%Variational Omni0.4388+0.474%01 Exchange0.4389+0.495%Phoenix0.4389+0.501%edgeX0.4389+0.502%Injective0.4391+0.550%Coinbase International0.4399+0.733%
Backpack
Nado
BloFin
Aster
Orderly
Aevo
Deribit
GMX
gTrade (Gains Network)
HTX
Polymarket Perps
ApeX Omni
SunX
Kraken Futures
Variational Omni
Phoenix
Injective
Coinbase InternationalWLD on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | −0.410% | −0.0023% | 8h | $34.3M | $123.9M | 50x | as long as short |
| Bybit WLDUSDT | −0.388% | −0.0244% | 8h | $62.6M | $70.1M | 50x | as long as short |
| Bitget WLDUSDT | −0.388% | +0.0071% | 8h | $28.6M | $24.0M | 75x | as long as short |
| MEXC WLD_USDT | −0.365% | −0.0055% | 8h | $43.0M | $42.6M | 300x | as long as short |
| KuCoin WLDUSDTM | −0.365% | −0.0030% | 8h | $7.1M | $10.7M | 50x | as long as short |
| Binance WLDUSDT | −0.319% | −0.0056% | 8h | $79.7M | $261.6M | 75x | as long as short |
| Pacifica WLD | −0.274% | +0.0100% | 1h | $58K | $470K | 5x | as long as short |
| Extended WLD-USD | −0.239% | +0.0048% | 1h | $131K | $562K | 10x | as long as short |
| BingX WLD-USDT | −0.228% | +0.0069% | 8h | — | $68.3M | — | as long as short |
| dYdX WLD-USD | −0.213% | 0.0000% | 1h | $151K | $4K | 10x | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid WLD | −0.194% | +0.0100% | 1h | $44.5M | $36.4M | 10x | as long as short |
| SoDEX WLD-USD | −0.182% | +0.0100% | 1h | $190 | $5K | 10x | as long as short |
| Lighter WLD | −0.180% | +0.0104% | 1h | $4.7M | $1.2M | 10x | as long as short |
| Gate WLD_USDT | −0.160% | −0.0117% | 8h | $7.2M | $31.3M | 75x | as long as short |
| Reya WLDRUSDPERP | −0.138% | +0.0134% | 1h | — | — | 20x | as long as short |
| Phemex WLDUSDTshort | −0.137% | +0.0100% | 8h | $1.8M | $3.8M | 50x | |
| Backpack WLD_USDC_PERP | −0.123% | +0.0100% | 1h | $133K | $290K | 10x | as long as short |
| Nado WLD-PERP | −0.103% | −0.0054% | 1h | $343K | $186K | 5x | as long as short |
| BloFin WLD-USDT | −0.091% | +0.0064% | 8h | $4.8M | $1.1M | 75x | as long as short |
| Aster WLDUSDT | −0.074% | +0.0100% | 8h | $227K | $936K | 50x | as long as short |
| Orderly PERP_WLD_USDC | −0.068% | −0.0042% | 8h | $27K | $938K | 10x | as long as short |
| Aevo WLD-PERP | −0.057% | +0.0064% | 1h | $30K | $5K | 3x | as long as short |
| Deribit WLD_USDC-PERPETUAL | −0.046% | 0.0000% | 1h | $111K | $770K | 25x | as long as short |
| GMX WLD/USD [ETH-USDC] | −0.028% | L +0.0186% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
| gTrade (Gains Network) WLD/USD | −0.017% | L +0.0003% / S −0.0003% | 1h | $56K | — | 150x | as long as short |
| Kalshi KXWLDPERPlong | 0.000% | −0.0168% | 8h | $76K | $3.4M | 1.7x | |
| HTX WLD-USDT | 0.000% | +0.0100% | 8h | $817K | $1.6M | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.007% | +0.0100% | 1h | $43K | $1.8M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.023% | +0.0100% | 1h | $63K | $219K | 50x | as long as short |
| SunX WLD-USDT | +0.023% | +0.0100% | 8h | $22K | $1.4M | 50x | as long as short |
| Kraken Futures PF_WLDUSD | +0.027% | +0.0168% | 1h | $887K | $2.3M | 50x | as long as short |
| Variational Omni WLD | +0.062% | −0.0213% | 8h | $2.0M | $1.6M | — | as long as short |
| 01 Exchange WLDUSD | +0.082% | 0.0000% | 1h | $314 | $77 | 5x | as long as short |
| Phoenix WLD | +0.089% | −0.0091% | 1h | $2K | $50K | 10x | as long as short |
| edgeX WLDUSDC | +0.090% | +0.0100% | 4h | $26K | $315K | 20x | as long as short |
| Injective WLD/USDC PERP | +0.137% | +0.0217% | 1h | $6K | $193 | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.319% | +0.0296% | 1h | $265K | $1.5M | 50x | as long as short |