Funding you earn now, next payment 07:00 UTC−0.1045%/8h= −114.4% APRnext payment −$1.31 per $10,000 · paid last 24h −0.071%
Price spread now: dYdX against Kraken Futures+0.011%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1371.370% of the position
Funding, last 7 days−0.280%−$28 on $10k
+Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.011%, 7d avg −0.028%
=The price spread pays, funding is against you. dYdX is 0.039% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.028%): +$4 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.280% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.280% in total (about -14.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.31 per $10,000. 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 | 0.4531 | 0.1045 | pay 0.0131% / 1h | 16m 35s | $870K | $2.9M | 50x |
| Short | dYdX WLD-USD | 0.4531 | 0 | get 0.0000% / 1h | 16m 35s | $155K | $32K | 10x |
Kraken Futures PF_WLDUSD
dYdX WLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$219.42
- Price spread: +0.011% → −0.028%
- $3.92
- Slippage, 4 orders
- −$116.97
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$352.47
- Costs to cover
- 1.370%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; dYdX: live order book, 27 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, 2 min ago | 7.71 bp | 14.9 bp −$15 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 27 min ago | 47.32 bp | 52.3 bp −$52 | 74.8 bp −$748 | 126.9 bp −$12.7K | 228.7 bp −$114.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0007% | 1h | 0.4530 | −0.013% | $238K | $169K | 5x | as long as short |
| dYdX WLD-USDshort | 0.0000% | 1h | 0.4531 | +0.011% | $155K | $32K | 10x | |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4541 | +0.230% | $50K | $4.7M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4529 | −0.035% | $150K | $955K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4529 | −0.038% | $66K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4527 | −0.079% | $27K | $760K | 10x | as long as short |
| KuCoin WLDUSDTM | +0.0099% | 8h | 0.4531 | +0.009% | $6.7M | $11.7M | 50x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4532 | +0.040% | $227K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4531 | +0.019% | $49K | $538K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4531 | +0.015% | $86.4M | $336.9M | 75x | as long as short |
Nado WLD-PERP
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
KuCoin WLDUSDTM
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4529 | −0.035% | $64.5M | $90.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4530 | −0.013% | $34.3M | $153.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4530 | −0.013% | $7.1M | $36.4M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4530 | −0.013% | $39.9M | $57.6M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4530 | −0.013% | $30.0M | $31.3M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4532 | +0.031% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4532 | +0.027% | $135K | $296K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4537 | +0.135% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4538 | +0.170% | $27K | $321K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4540 | +0.207% | $607K | $2.1M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4541 | +0.230% | $48K | $239K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4530 | −0.015% | $47K | $2.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4533 | +0.053% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4529 | −0.035% | $216 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4529 | −0.035% | $828K | $1.6M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4530 | −0.013% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4528 | −0.047% | $210K | $1.0M | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4530 | −0.024% | $31K | $500 | 3x | as long as short |
| Lighter WLD | +0.0120% | 1h | 0.4537 | +0.144% | $4.9M | $2.9M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0132% | 1h | 0.4581 | +1.112% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4528 | −0.062% | — | — | 20x | as long as short |
| 01 Exchange WLDUSD | +0.0144% | 1h | 0.4534 | +0.080% | $324 | $55 | 5x | as long as short |
| Phoenix WLD | +0.0158% | 1h | 0.4548 | +0.377% | $5K | $44K | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4529 | −0.041% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4527 | −0.079% | $4.8M | $915K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0488% | 1h | 0.4532 | +0.031% | $273K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0543% | 1h | 0.4538 | +0.155% | $49.8M | $44.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.1045% | 1h | 0.4531 | long leg | $870K | $2.9M | 50x |
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
Lighter WLD
Injective WLD/USDC PERP
Reya WLDRUSDPERP
01 Exchange WLDUSD
Phoenix WLD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX
Hyperliquid WLD