Funding you earn now, next payment 00:00 UTC−0.0620%/8h= −67.9% APRpaid last 24h +0.012%
Price spread now: Binance against Kraken Futures−0.122%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$490.490% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 3 days (all we have)−0.098%−$10 · spread now −0.122%, 7d avg −0.050%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Binance is 0.073% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.050%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.119% in total (about -6.2% 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 | Kraken Futures PF_WLDUSD | 0.4567 | 0.0720 | pay 0.0090% / 1h | 18m 38s | $900K | $2.7M | 50x |
| Short | Binance WLDUSDT | 0.4561 | 0.0100 | get 0.0100% / 8h | 18m 38s | $86.0M | $302.0M | 75x |
Kraken Futures PF_WLDUSD
Binance WLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$130.22
- Price spread: −0.122% → −0.050%
- −$7.27
- Slippage, 4 orders
- −$28.96
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$186.46
- Costs to cover
- 0.490%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Binance: live order book, 10 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 Kraken Futures live order book, 5 min ago | 5.48 bp | 17.5 bp −$17 | 32.8 bp −$328 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.09 bp | 8.0 bp −$8 | 16.6 bp −$166 | 57.6 bp −$5,761 | 189.9 bp −$94.9K |
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 | −0.0190% | 8h | 0.4566 | −0.013% | $64K | $3.9M | 1.7x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4565 | −0.028% | $163K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4567 | +0.009% | $113K | $886K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4566 | −0.008% | $56K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0007% | 8h | 0.4560 | −0.144% | $6.9M | $11.0M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0031% | 8h | 0.4565 | −0.035% | $28K | $907K | 10x | as long as short |
| Nado WLD-PERP | +0.0041% | 1h | 0.4567 | +0.009% | $275K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4565 | −0.029% | $191K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4563 | −0.079% | $53K | $483K | 5x | as long as short |
| Binance WLDUSDTshort | +0.0100% | 8h | 0.4561 | −0.122% | $86.0M | $302.0M | 75x |
Kalshi KXWLDPERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Nado WLD-PERP
Aster WLDUSDT
Pacifica WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4562 | −0.100% | $65.4M | $82.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4561 | −0.122% | $34.1M | $142.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4561 | −0.122% | $7.4M | $35.7M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4562 | −0.100% | $45.4M | $53.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4561 | −0.122% | $30.0M | $25.9M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4563 | −0.079% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4565 | −0.041% | $139K | $278K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4567 | +0.006% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4561 | −0.115% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4569 | +0.059% | $616K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4565 | −0.035% | $55K | $228K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4570 | +0.073% | $45K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4574 | +0.162% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4565 | −0.035% | $211 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4549 | −0.385% | $847K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4565 | −0.035% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4560 | −0.152% | $233K | $845K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4566 | −0.006% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0104% | 1h | 0.4570 | +0.066% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4565 | −0.038% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4564 | −0.057% | $4.9M | $817K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4567 | −0.001% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0248% | 1h | 0.4564 | −0.050% | $327 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0373% | 1h | 0.4592 | +0.556% | $6K | $185K | 5.5x | as long as short |
| Hyperliquid WLD | +0.0437% | 1h | 0.4567 | +0.007% | $49.5M | $43.0M | 10x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4573 | +0.140% | $269K | $1.6M | 50x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.0720% | 1h | 0.4567 | long leg | $900K | $2.7M | 50x | |
| Lighter WLD | +0.1360% | 1h | 0.4572 | +0.123% | $5.2M | $2.0M | 10x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
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
Phoenix WLD
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Hyperliquid WLD
Coinbase International WLD-PERP-INTX
Lighter WLD