Funding you earn now, next payment 08:00 UTC−0.0143%/8h= −15.7% APRnext payment −$1.43 per $10,000 · paid last 24h −0.021%
Price spread now: KuCoin against Phemex−0.065%50s7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as 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−$1411.409% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 3 days (all we have)−0.058%−$6 · spread now −0.065%, 7d avg −0.032%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.033% cheaper against Phemex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.032%). Swap the legs. The two prices were read 50 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 | Phemex WLDUSDT | 0.4616 | 0.0100 | pay 0.0100% / 8h | 6h 39m | $1.8M | $3.7M | 50x |
| Short | KuCoin WLDUSDTM | 0.4613 | −0.0043 | pay 0.0043% / 8h | 6h 39m | $6.9M | $11.4M | 50x |
Phemex WLDUSDT
KuCoin WLDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$30.03
- Price spread: −0.065% → −0.032%
- −$3.26
- Slippage, 4 orders
- −$116.89
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$174.18
- Costs to cover
- 1.409%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; KuCoin: 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, 4 min ago | 9.61 bp | 41.4 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 3.21 bp | 21.0 bp −$21 | 40.8 bp −$408 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective WLD/USDC PERP | −0.0235% | 1h | 0.4675 | +1.278% | $6K | $185K | 5.5x | as long as short |
| Kalshi KXWLDPERP | −0.0163% | 8h | 0.4605 | −0.238% | $44K | $4.3M | 1.7x | as long as short |
| KuCoin WLDUSDTMshort | −0.0043% | 8h | 0.4613 | −0.065% | $6.9M | $11.4M | 50x | |
| dYdX WLD-USD | 0.0000% | 1h | 0.4616 | +0.007% | $157K | $19K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4622 | +0.130% | $130K | $909K | 25x | as long as short |
| Nado WLD-PERP | 0.0000% | 1h | 0.4619 | +0.076% | $268K | $178K | 5x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4626 | +0.216% | $66K | — | 150x | as long as short |
| ApeX Omni WLDUSDT | +0.0016% | 1h | 0.4681 | +1.408% | $51K | $241K | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0055% | 8h | 0.4620 | +0.087% | $28K | $898K | 10x | as long as short |
| Phoenix WLD | +0.0068% | 1h | 0.4673 | +1.226% | $5K | $54K | 10x | as long as short |
Injective WLD/USDC PERP
Kalshi KXWLDPERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
Nado WLD-PERP
gTrade (Gains Network) WLD/USD
ApeX Omni WLDUSDT
Orderly PERP_WLD_USDC
Phoenix WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate WLD_USDT | +0.0072% | 8h | 0.4624 | +0.173% | $7.3M | $37.0M | 75x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4605 | −0.236% | $176K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4615 | −0.018% | $56K | $509K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4624 | +0.173% | $87.8M | $322.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4623 | +0.152% | $66.1M | $86.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4619 | +0.065% | $34.9M | $150.6M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4626 | +0.217% | $46.5M | $55.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4618 | +0.043% | $30.7M | $29.0M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4625 | +0.195% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4609 | −0.154% | $139K | $289K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4629 | +0.277% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4680 | +1.394% | $28K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4618 | +0.054% | $606K | $1.9M | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4622 | +0.141% | $53K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4626 | +0.217% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4618 | +0.043% | $221 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4605 | −0.238% | $872K | $1.9M | 50x | as long as short |
| Phemex WLDUSDTlong | +0.0100% | 8h | 0.4616 | long leg | $1.8M | $3.7M | 50x | |
| Extended WLD-USD | +0.0104% | 1h | 0.4618 | +0.041% | $213K | $888K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4622 | +0.130% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4620 | +0.093% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4719 | +2.231% | $5.0M | $878K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0239% / S −0.1538% | 1h | 0.4624 | +0.180% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0280% | 1h | 0.4620 | +0.076% | $330 | $77 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0456% | 1h | 0.4632 | +0.347% | $274K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0619% | 1h | 0.4629 | +0.275% | $51.7M | $44.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0647% | 1h | 0.4623 | +0.158% | $905K | $2.8M | 50x | as long as short |
| Lighter WLD | +0.0848% | 1h | 0.4628 | +0.264% | $5.3M | $2.1M | 10x | as long as short |
Gate WLD_USDT
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD