Spread before costs (cost unknown: a leg has no order-book sample)+0.069%
7d average+0.030%if it closes, per $10,000$7funding while held, a day+$1.14
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_WLD_USDC | 0.4359 | −0.0038 | get 0.0038% / 8h | 6h 20m | $27K | $936K | 10x |
| Short | Deribit WLD_USDC-PERPETUAL | 0.4362 | 0 | get 0.0000% / 1h | 20m 47s | $111K | $775K | 25x |
Orderly PERP_WLD_USDC
Deribit WLD_USDC-PERPETUALPrice 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
- $6.88
- Funding while held
- $1.14
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$4.97
- Spread needed to break even
- 0.130%
Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 20 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0038%
- Per $10,000 a day
- +$1.14
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 20 min ago | 4.60 bp | 8.1 bp −$8 | 15.2 bp −$152 | doesn't fit | doesn't fit |
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 price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.4352cheapestBybit0.4354+0.046%OKX0.4354+0.046%edgeX0.4355+0.065%Phoenix0.4355+0.067%Binance0.4355+0.069%KuCoin0.4355+0.069%Phemex0.4355+0.069%Extended0.4356+0.082%Pacifica0.4356+0.092%Gate0.4356+0.092%MEXC0.4356+0.092%BingX0.4356+0.092%Bitget0.4358+0.138%HTX0.4358+0.138%Hyperliquid0.4358+0.145%Nado0.4358+0.149%Variational Omni0.4359+0.155%Reya0.4359+0.156%Kalshi0.4359+0.161%
ApeX Omni
Bybit
OKX
Phoenix
Binance
KuCoin
Phemex
Extended
Pacifica
Gate
MEXC
BingX
Bitget
HTX
Hyperliquid
Nado
Variational Omni
ReyaOrderly0.4359+0.161%
SoDEX0.4359+0.161%BloFin0.4359+0.161%Backpack0.4359+0.168%Aster0.4359+0.171%dYdX0.4360+0.186%Aevo0.4361+0.197%Polymarket Perps0.4361+0.214%GMX0.4362+0.225%gTrade (Gains Network)0.4362+0.230%
SoDEX
BloFin
Backpack
Aster
dYdX
Aevo
Polymarket Perps
GMX
gTrade (Gains Network)Deribit0.4362+0.230%
01 Exchange0.4362+0.234%Lighter0.4364+0.276%SunX0.4364+0.276%Coinbase International0.4365+0.299%Kraken Futures0.4365+0.306%Injective0.4366+0.322%
Lighter
SunX
Coinbase International
Kraken Futures
InjectiveWLD on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni WLDUSDT | −0.161% | +0.0100% | 1h | $62K | $220K | 50x | as long as short |
| Bybit WLDUSDT | −0.115% | −0.0299% | 8h | $62.3M | $69.1M | 50x | as long as short |
| OKX WLD-USDT-SWAP | −0.115% | −0.0028% | 8h | $33.3M | $123.3M | 50x | as long as short |
| edgeX WLDUSDC | −0.096% | +0.0100% | 4h | $26K | $314K | 20x | as long as short |
| Phoenix WLD | −0.094% | −0.0091% | 1h | $2K | $50K | 10x | as long as short |
| Binance WLDUSDT | −0.092% | −0.0061% | 8h | $78.8M | $259.3M | 75x | as long as short |
| KuCoin WLDUSDTM | −0.092% | −0.0035% | 8h | $7.1M | $10.1M | 50x | as long as short |
| Phemex WLDUSDT | −0.092% | +0.0100% | 8h | $1.8M | $3.8M | 50x | as long as short |
| Extended WLD-USD | −0.078% | +0.0096% | 1h | $149K | $555K | 10x | as long as short |
| Pacifica WLD | −0.069% | +0.0100% | 1h | $60K | $474K | 5x | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate WLD_USDT | −0.069% | −0.0069% | 8h | $7.2M | $32.1M | 75x | as long as short |
| MEXC WLD_USDT | −0.069% | −0.0062% | 8h | $43.4M | $43.4M | 300x | as long as short |
| BingX WLD-USDC | −0.069% | +0.0082% | 8h | — | $1.3M | — | as long as short |
| Bitget WLDUSDT | −0.023% | +0.0090% | 8h | $28.5M | $24.0M | 75x | as long as short |
| HTX WLD-USDT | −0.023% | +0.0100% | 8h | $812K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | −0.016% | +0.0100% | 1h | $44.2M | $36.0M | 10x | as long as short |
| Nado WLD-PERP | −0.011% | −0.0050% | 1h | $341K | $165K | 5x | as long as short |
| Variational Omni WLD | −0.006% | −0.0222% | 8h | $2.0M | $1.4M | — | as long as short |
| Reya WLDRUSDPERP | −0.004% | +0.0134% | 1h | — | — | 20x | as long as short |
| Kalshi KXWLDPERP | 0.000% | −0.0153% | 8h | $88K | $3.5M | 1.7x | as long as short |
| Orderly PERP_WLD_USDClong | 0.000% | −0.0038% | 8h | $27K | $936K | 10x | |
| SoDEX WLD-USD | 0.000% | +0.0100% | 1h | $191 | $5K | 10x | as long as short |
| BloFin WLD-USDT | 0.000% | +0.0058% | 8h | $4.7M | $980K | 75x | as long as short |
| Backpack WLD_USDC_PERP | +0.007% | +0.0100% | 1h | $130K | $286K | 10x | as long as short |
| Aster WLDUSDT | +0.010% | +0.0100% | 8h | $227K | $908K | 50x | as long as short |
| dYdX WLD-USD | +0.025% | +0.0032% | 1h | $150K | $4K | 10x | as long as short |
| Aevo WLD-PERP | +0.036% | +0.0064% | 1h | $30K | $5K | 3x | as long as short |
| Polymarket Perps WLD-USD | +0.053% | +0.0100% | 1h | $40K | $1.8M | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | +0.064% | L +0.0206% / S −0.1501% | 1h | $7K | — | 100x | as long as short |
| gTrade (Gains Network) WLD/USD | +0.069% | L +0.0003% / S −0.0003% | 1h | $56K | — | 150x | as long as short |
| Deribit WLD_USDC-PERPETUALshort | +0.069% | 0.0000% | 1h | $111K | $775K | 25x | |
| 01 Exchange WLDUSD | +0.073% | 0.0000% | 1h | $312 | $77 | 5x | as long as short |
| Lighter WLD | +0.115% | +0.0128% | 1h | $4.7M | $1.2M | 10x | as long as short |
| SunX WLD-USDT | +0.115% | +0.0100% | 8h | $22K | $1.4M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.138% | +0.0296% | 1h | $264K | $1.5M | 50x | as long as short |
| Kraken Futures PF_WLDUSD | +0.144% | +0.0169% | 1h | $884K | $2.3M | 50x | as long as short |
| Injective WLD/USDC PERP | +0.161% | +0.0217% | 1h | $6K | $194 | 5.5x | as long as short |