Funding you earn now, next payment 16:00 UTC−0.0205%/8h= −22.4% APRnext payment −$2.05 per $10,000 · paid last 24h −0.011%
Price spread now: Gate against Phemex+0.157%49s7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1011.006% of the position
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 4 days (all we have)−0.354%−$35 · spread now +0.157%, 7d avg −0.022%
=The price spread pays, funding is against you. Gate is 0.179% dearer against Phemex than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of −0.022%): +$18 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 7 days (−0.111% in total) that is about 11 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.111% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.05 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex WLDUSDT | 0.4456 | 0.0100 | pay 0.0100% / 8h | 4h 48m | $1.6M | $3.5M | 50x |
| Short | Gate WLD_USDT | 0.4463 | −0.0105 | pay 0.0105% / 8h | 4h 48m | $7.0M | $30.9M | 75x |
Phemex WLDUSDT
Gate WLD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Phemex. 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
- −$43.05
- Price spread: +0.157% → −0.022%
- $17.91
- Slippage, 4 orders
- −$73.65
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$125.79
- Costs to cover
- 1.006%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Gate: live order book, 4 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 Phemex live order book, 3 min ago | 4.49 bp | 42.5 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.24 bp | 15.1 bp −$15 | 31.5 bp −$315 | 53.6 bp −$5,359 | doesn't fit |
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 | −0.0292% | 1h | 0.4460 | +0.081% | $37K | $2.7M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | −0.0187% | 1h | 0.4467 | +0.253% | $837K | $2.6M | 50x | as long as short |
| Bybit WLDUSDT | −0.0134% | 8h | 0.4466 | +0.224% | $63.7M | $84.8M | 50x | as long as short |
| Nado WLD-PERP | −0.0116% | 1h | 0.4461 | +0.112% | $233K | $157K | 5x | as long as short |
| Gate WLD_USDTshort | −0.0105% | 8h | 0.4463 | +0.157% | $7.0M | $30.9M | 75x | |
| dYdX WLD-USD | 0.0000% | 1h | 0.4468 | +0.277% | $153K | $31K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4454 | −0.045% | $59K | $4.2M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4467 | +0.247% | $105K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4467 | +0.236% | $65K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0004% | 8h | 0.4463 | +0.157% | $6.7M | $10.2M | 50x | as long as short |
Polymarket Perps WLD-USD
Kraken Futures PF_WLDUSD
Bybit WLDUSDT
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTMShow all 38 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni WLD | +0.0006% | 8h | 0.4457 | +0.030% | $2.0M | $1.4M | — | as long as short |
| 01 Exchange WLDUSD | +0.0032% | 1h | 0.4468 | +0.272% | $320 | $55 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0033% | 1h | 0.4477 | +0.471% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLD | +0.0036% | 1h | 0.4472 | +0.359% | $4K | $41K | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0078% | 8h | 0.4466 | +0.224% | $27K | $203K | 10x | as long as short |
| Lighter WLD | +0.0096% | 1h | 0.4475 | +0.431% | $4.8M | $3.0M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4464 | +0.184% | $220K | $905K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4469 | +0.292% | $64K | $513K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4464 | +0.184% | $84.6M | $313.0M | 75x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4466 | +0.224% | $34.3M | $141.6M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4462 | +0.135% | $41.0M | $55.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4464 | +0.180% | $29.2M | $28.5M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4464 | +0.180% | — | $55.4M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4455 | −0.018% | $125K | $279K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4458 | +0.049% | $26K | $322K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4463 | +0.162% | $596K | $2.3M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4459 | +0.067% | $47K | $249K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4470 | +0.314% | $22K | $1.4M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4465 | +0.202% | $230 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4441 | −0.337% | $814K | $1.1M | 50x | as long as short |
| Phemex WLDUSDTlong | +0.0100% | 8h | 0.4456 | long leg | $1.6M | $3.5M | 50x | |
| Extended WLD-USD | +0.0104% | 1h | 0.4464 | +0.179% | $210K | $645K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4456 | +0.004% | $30K | $500 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4459 | +0.075% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0218% / S −0.0967% | 1h | 0.4465 | +0.213% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4454 | −0.045% | $4.7M | $890K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0264% | 1h | 0.4466 | +0.224% | $271K | $975K | 50x | as long as short |
| Hyperliquid WLD | +0.0591% | 1h | 0.4468 | +0.278% | $51.2M | $28.7M | 10x | as long as short |
Variational Omni WLD
01 Exchange WLDUSD
Injective WLD/USDC PERP
Phoenix WLD
Orderly PERP_WLD_USDC
Lighter WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
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
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX
Hyperliquid WLD