Funding you earn now, next payment 04:00 UTC−0.0193%/8h= −21.1% APRnext payment −$1.93 per $10,000 · paid last 24h −0.042%
Price spread now: Kalshi against Orderly+0.088%52s7-day average −0.138% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.175%−$18 on $10k
+Price spread, last 4 days (all we have)−0.363%−$36 · spread now +0.088%, 7d avg −0.138%
=The price spread pays, funding is against you. Kalshi is 0.226% dearer against Orderly than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of −0.138%): +$23 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 7 days (−0.175% in total) that is about 9.0 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_WLD_USDC | 0.4545 | 0.0087 | pay 0.0087% / 8h | 4h 38m | $28K | $887K | 10x |
| Short | Kalshi KXWLDPERP | 0.4549 | −0.0105 | pay 0.0105% / 8h | 38m 26s | $57K | $4.6M | 1.7x |
Orderly PERP_WLD_USDC
Kalshi KXWLDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Orderly. 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
- −$40.48
- Price spread: +0.088% → −0.138%
- $22.56
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$33.92
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 5 min ago. Net counts fees only.
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 Kalshi live order book, 5 min ago | 1.10 bp | 30.2 bp −$30 | 37.1 bp −$371 | 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 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 KXWLDPERPshort | −0.0105% | 8h | 0.4549 | +0.088% | $57K | $4.6M | 1.7x | |
| Nado WLD-PERP | −0.0057% | 1h | 0.4548 | +0.066% | $241K | $205K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0030% | 8h | 0.4545 | 0.000% | $6.9M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4543 | −0.050% | $155K | $33K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4546 | +0.022% | $117K | $927K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4549 | +0.086% | $66K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0014% | 1h | 0.4558 | +0.286% | $6K | $185K | 5.5x | as long as short |
| 01 Exchange WLDUSD | +0.0064% | 1h | 0.4546 | +0.022% | $325 | $80 | 5x | as long as short |
| Orderly PERP_WLD_USDClong | +0.0087% | 8h | 0.4545 | long leg | $28K | $887K | 10x | |
| Lighter WLD | +0.0096% | 1h | 0.4548 | +0.066% | $4.9M | $2.4M | 10x | as long as short |
Nado WLD-PERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
01 Exchange WLDUSD
Lighter WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WLDUSDT | +0.0100% | 8h | 0.4546 | +0.026% | $199K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4543 | −0.041% | $49K | $528K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4549 | +0.097% | $86.3M | $327.6M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4547 | +0.044% | $64.8M | $89.0M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4544 | −0.022% | $34.1M | $148.5M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4550 | +0.110% | $7.1M | $36.8M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4549 | +0.088% | $44.0M | $53.9M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4543 | −0.044% | $30.0M | $30.2M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4548 | +0.066% | — | $67.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4540 | −0.108% | $134K | $298K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4554 | +0.190% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4565 | +0.441% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4571 | +0.569% | $603K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4557 | +0.264% | $43K | $239K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4549 | +0.088% | $47K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4549 | +0.088% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4544 | −0.022% | $171 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4538 | −0.154% | $833K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4542 | −0.066% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4541 | −0.080% | $218K | $981K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4547 | +0.045% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4548 | +0.066% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0158% | 1h | 0.4570 | +0.543% | $5K | $52K | 10x | as long as short |
| Hyperliquid WLD | +0.0186% | 1h | 0.4553 | +0.169% | $49.9M | $43.2M | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4539 | −0.132% | $4.9M | $846K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4548 | +0.064% | $5K | — | 100x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0482% | 1h | 0.4549 | +0.082% | $880K | $2.8M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0496% | 1h | 0.4552 | +0.154% | $267K | $1.7M | 50x | as long as short |
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
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
Reya WLDRUSDPERP
Phoenix WLD
Hyperliquid WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX