Spread before costs (cost unknown: a leg has no order-book sample)+0.132%
7d average—if it closes, per $10,000$13funding while held, a day−$2.17
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX WLD-USDT-SWAP | 0.4404 | −0.0018 | get 0.0018% / 8h | 7h 03m | $34.5M | $130.0M | 50x |
| Short | Phoenix WLD | 0.4410 | −0.0091 | pay 0.0011% / 1h | 3m 53s | $2K | $60K | 10x |
OKX WLD-USDT-SWAP
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
- $13.17
- Funding while held
- −$2.17
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$6
- Spread needed to break even
- 0.170%
Slippage unknown: OKX: live order book, 2 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0072%
- Per $10,000 a day
- −$2.17
- 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 OKX live order book, 2 min ago | 1.14 bp | 7.2 bp −$7 | 17.4 bp −$174 | 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 Omni0.4398cheapestPhemex0.4399+0.020%ApeX Omni0.4401+0.065%SoDEX0.4401+0.065%BloFin0.4401+0.065%Reya0.4401+0.065%Nado0.4401+0.076%Bybit0.4402+0.088%Hyperliquid0.4402+0.090%Extended0.4403+0.101%Gate0.4403+0.111%KuCoin0.4403+0.111%Bitget0.4403+0.111%Orderly0.4403+0.111%Backpack0.4403+0.117%Polymarket Perps0.4403+0.117%Aevo0.4404+0.122%
Variational Omni
Phemex
ApeX Omni
SoDEX
BloFin
Reya
Nado
Bybit
Hyperliquid
Extended
Gate
KuCoin
Bitget
Orderly
Backpack
Polymarket Perps
AevoOKX0.4404+0.133%
MEXC0.4404+0.133%BingX0.4404+0.133%Deribit0.4404+0.133%Binance0.4405+0.156%GMX0.4405+0.158%gTrade (Gains Network)0.4405+0.165%Aster0.4406+0.168%HTX0.4406+0.179%Pacifica0.4407+0.202%Kraken Futures0.4407+0.202%dYdX0.4408+0.216%01 Exchange0.4408+0.217%Lighter0.4409+0.240%Kalshi0.4409+0.247%SunX0.4409+0.247%
MEXC
BingX
Deribit
Binance
GMX
gTrade (Gains Network)
Aster
HTX
Pacifica
Kraken Futures
dYdX
Lighter
SunXPhoenix0.4410+0.265%
edgeX0.4413+0.336%Injective0.4422+0.543%Coinbase International0.4423+0.565%
Injective
Coinbase InternationalWLD on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni WLD | −0.133% | −0.0205% | 8h | $2.1M | $1.6M | — | as long as short |
| Phemex WLDUSDT | −0.114% | +0.0100% | 8h | $1.9M | $3.8M | 50x | as long as short |
| ApeX Omni WLDUSDT | −0.068% | +0.0100% | 1h | $63K | $220K | 50x | as long as short |
| SoDEX WLD-USD | −0.068% | +0.0100% | 1h | $193 | $5K | 10x | as long as short |
| BloFin WLD-USDT | −0.068% | +0.0069% | 8h | $4.8M | $1.1M | 75x | as long as short |
| Reya WLDRUSDPERP | −0.068% | +0.0134% | 1h | — | — | 20x | as long as short |
| Nado WLD-PERP | −0.057% | −0.0045% | 1h | $345K | $188K | 5x | as long as short |
| Bybit WLDUSDT | −0.045% | −0.0223% | 8h | $63.2M | $72.6M | 50x | as long as short |
| Hyperliquid WLD | −0.043% | +0.0100% | 1h | $44.8M | $38.3M | 10x | as long as short |
| Extended WLD-USD | −0.032% | +0.0016% | 1h | $132K | $576K | 10x | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate WLD_USDT | −0.023% | −0.0084% | 8h | $7.2M | $33.6M | 75x | as long as short |
| KuCoin WLDUSDTM | −0.023% | −0.0023% | 8h | $7.0M | $11.3M | 50x | as long as short |
| Bitget WLDUSDT | −0.023% | +0.0062% | 8h | $28.9M | $24.7M | 75x | as long as short |
| Orderly PERP_WLD_USDC | −0.023% | −0.0048% | 8h | $27K | $940K | 10x | as long as short |
| Backpack WLD_USDC_PERP | −0.016% | +0.0100% | 1h | $129K | $312K | 10x | as long as short |
| Polymarket Perps WLD-USD | −0.016% | +0.0100% | 1h | $48K | $1.7M | 10x | as long as short |
| Aevo WLD-PERP | −0.011% | +0.0072% | 1h | $30K | $5K | 3x | as long as short |
| OKX WLD-USDT-SWAPlong | 0.000% | −0.0018% | 8h | $34.5M | $130.0M | 50x | |
| MEXC WLD_USDT | 0.000% | −0.0050% | 8h | $43.3M | $46.8M | 300x | as long as short |
| BingX WLD-USDT | 0.000% | +0.0058% | 8h | — | $68.5M | — | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $112K | $773K | 25x | as long as short |
| Binance WLDUSDT | +0.023% | −0.0051% | 8h | $80.4M | $269.0M | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | +0.025% | L +0.0186% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
| gTrade (Gains Network) WLD/USD | +0.031% | L +0.0003% / S −0.0003% | 1h | $57K | — | 150x | as long as short |
| Aster WLDUSDT | +0.035% | +0.0100% | 8h | $228K | $961K | 50x | as long as short |
| HTX WLD-USDT | +0.045% | +0.0100% | 8h | $817K | $1.6M | 50x | as long as short |
| Pacifica WLD | +0.068% | +0.0100% | 1h | $58K | $496K | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.069% | +0.0008% | 1h | $893K | $2.4M | 50x | as long as short |
| dYdX WLD-USD | +0.082% | +0.0032% | 1h | $152K | $5K | 10x | as long as short |
| 01 Exchange WLDUSD | +0.084% | +0.0024% | 1h | $315 | $77 | 5x | as long as short |
| Lighter WLD | +0.107% | +0.0096% | 1h | $4.7M | $1.2M | 10x | as long as short |
| Kalshi KXWLDPERP | +0.114% | −0.0144% | 8h | $94K | $3.4M | 1.7x | as long as short |
| SunX WLD-USDT | +0.114% | +0.0100% | 8h | $22K | $1.4M | 50x | as long as short |
| Phoenix WLDshort | +0.132% | −0.0091% | 1h | $2K | $60K | 10x | |
| edgeX WLDUSDC | +0.202% | +0.0100% | 4h | $26K | $314K | 20x | as long as short |
| Injective WLD/USDC PERP | +0.409% | +0.0353% | 1h | $6K | $195 | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.431% | +0.0216% | 1h | $266K | $1.6M | 50x | as long as short |