Funding you earn now, next payment 16:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.021%
Price spread now: Phemex against Orderly0.000%7-day average +0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now 0.000%, 7d avg +0.008%
=The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_WLD_USDC | 0.4477 | 0.0084 | pay 0.0084% / 8h | 5h 07m | $27K | $254K | 10x |
| Short | Phemex WLDUSDT | 0.4477 | 0.0100 | get 0.0100% / 8h | 5h 07m | $1.7M | $3.5M | 50x |
Orderly PERP_WLD_USDC
Phemex WLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $3.34
- Price spread: 0.000% → +0.008%
- −$0.82
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$15.48
- Costs to cover
- 0.180%
- Break-even
- 39.4 days
Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 4 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 Phemex live order book, 4 min ago | 1.12 bp | 39.1 bp −$39 | doesn't fit | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps WLD-USD | −0.0361% | 1h | 0.4475 | −0.038% | $41K | $2.7M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | −0.0193% | 1h | 0.4479 | +0.041% | $840K | $2.6M | 50x | as long as short |
| Bybit WLDUSDT | −0.0143% | 8h | 0.4476 | −0.022% | $63.8M | $85.0M | 50x | as long as short |
| Nado WLD-PERP | −0.0119% | 1h | 0.4477 | −0.006% | $234K | $157K | 5x | as long as short |
| Gate WLD_USDT | −0.0079% | 8h | 0.4477 | 0.000% | $7.0M | $31.8M | 75x | as long as short |
| 01 Exchange WLDUSD | −0.0048% | 1h | 0.4480 | +0.074% | $321 | $55 | 5x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4476 | −0.022% | $59K | $4.2M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4479 | +0.045% | $101K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4479 | +0.045% | $65K | — | 150x | as long as short |
| dYdX WLD-USD | +0.0004% | 1h | 0.4479 | +0.050% | $153K | $31K | 10x | as long as short |
Polymarket Perps WLD-USD
Kraken Futures PF_WLDUSD
Bybit WLDUSDT
Nado WLD-PERP
Gate WLD_USDT
01 Exchange WLDUSD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
dYdX WLD-USDShow all 38 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective WLD/USDC PERP | +0.0007% | 1h | 0.4477 | 0.000% | $6K | $185K | 5.5x | as long as short |
| Variational Omni WLD | +0.0019% | 8h | 0.4465 | −0.260% | $2.1M | $1.4M | — | as long as short |
| KuCoin WLDUSDTM | +0.0022% | 8h | 0.4477 | 0.000% | $6.8M | $10.2M | 50x | as long as short |
| Phoenix WLD | +0.0053% | 1h | 0.4463 | −0.315% | $4K | $40K | 10x | as long as short |
| Orderly PERP_WLD_USDClong | +0.0084% | 8h | 0.4477 | long leg | $27K | $254K | 10x | |
| Lighter WLD | +0.0096% | 1h | 0.4484 | +0.147% | $4.9M | $3.0M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4480 | +0.060% | $219K | $904K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4478 | +0.027% | $64K | $512K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4477 | +0.009% | $84.7M | $313.3M | 75x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4475 | −0.045% | $34.3M | $142.3M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4478 | +0.022% | $42.3M | $56.1M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4476 | −0.022% | $29.3M | $28.6M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4477 | 0.000% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4478 | +0.025% | $126K | $272K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4458 | −0.420% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4471 | −0.134% | $598K | $2.3M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4461 | −0.357% | $47K | $248K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4483 | +0.134% | $22K | $1.4M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4478 | +0.022% | $232 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4479 | +0.045% | $821K | $1.1M | 50x | as long as short |
| Phemex WLDUSDTshort | +0.0100% | 8h | 0.4477 | 0.000% | $1.7M | $3.5M | 50x | |
| Extended WLD-USD | +0.0104% | 1h | 0.4473 | −0.088% | $211K | $651K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4479 | +0.054% | $30K | $500 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4475 | −0.049% | — | — | 20x | as long as short |
| Hyperliquid WLD | +0.0139% | 1h | 0.4486 | +0.210% | $50.4M | $28.4M | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0218% / S −0.0967% | 1h | 0.4472 | −0.120% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4477 | 0.000% | $4.7M | $907K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0344% | 1h | 0.4484 | +0.156% | $272K | $975K | 50x | as long as short |
Injective WLD/USDC PERP
Variational Omni WLD
KuCoin WLDUSDTM
Phoenix WLD
Lighter WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Hyperliquid WLD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX