Spread before costs (cost unknown: a leg has no order-book sample)+0.225%
7d average—if it closes, per $10,000$23funding while held, a day+$9.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix WLD | 0.4393 | −0.0091 | get 0.0011% / 1h | 17m 38s | $2K | $60K | 10x |
| Short | Coinbase International WLD-PERP-INTX | 0.4403 | 0.0216 | get 0.0027% / 1h | 17m 38s | $264K | $1.6M | 50x |
Phoenix WLD
Coinbase International WLD-PERP-INTXPrice 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
- $22.54
- Funding while held
- $9.2
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $14.74
- Spread needed to break even
- 0.170%
Slippage unknown: Phoenix: no order-book sample; Coinbase International: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0307%
- Per $10,000 a day
- +$9.20
- 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 2 min ago | 6.84 bp | 16.8 bp −$17 | 22.3 bp −$223 | doesn't fit | doesn't fit |
Phoenix: 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.BloFin0.4386cheapest
BloFinPhoenix0.4393+0.162%
Phemex0.4395+0.205%Reya0.4396+0.222%Nado0.4396+0.228%SoDEX0.4396+0.228%Kalshi0.4398+0.274%Polymarket Perps0.4398+0.278%Aster0.4399+0.291%Orderly0.4399+0.296%Aevo0.4400+0.311%HTX0.4400+0.319%Backpack0.4400+0.331%Extended0.4401+0.338%01 Exchange0.4401+0.342%BingX0.4401+0.342%Deribit0.4401+0.342%gTrade (Gains Network)0.4402+0.365%GMX0.4403+0.381%Gate0.4403+0.388%SunX0.4403+0.388%
Phemex
Reya
Nado
SoDEX
Polymarket Perps
Aster
Orderly
Aevo
HTX
Backpack
Extended
BingX
Deribit
gTrade (Gains Network)
GMX
Gate
SunXCoinbase International0.4403+0.388%
Kraken Futures0.4403+0.399%KuCoin0.4404+0.410%Hyperliquid0.4404+0.417%Binance0.4404+0.418%Bybit0.4405+0.433%Bitget0.4405+0.433%ApeX Omni0.4405+0.433%OKX0.4406+0.456%MEXC0.4406+0.456%Variational Omni0.4407+0.471%Pacifica0.4407+0.475%dYdX0.4408+0.497%Lighter0.4412+0.588%edgeX0.4418+0.729%Injective0.4426+0.912%
Kraken Futures
KuCoin
Hyperliquid
Binance
Bybit
Bitget
ApeX Omni
OKX
MEXC
Variational Omni
Pacifica
dYdX
Lighter
InjectiveWLD on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin WLD-USDT | −0.162% | +0.0069% | 8h | $4.9M | $1.1M | 75x | as long as short |
| Phoenix WLDlong | 0.000% | −0.0091% | 1h | $2K | $60K | 10x | |
| Phemex WLDUSDT | +0.043% | 0.0000% | 8h | $1.9M | $3.8M | 50x | as long as short |
| Reya WLDRUSDPERP | +0.060% | +0.0134% | 1h | — | — | 20x | as long as short |
| Nado WLD-PERP | +0.066% | −0.0051% | 1h | $344K | $205K | 5x | as long as short |
| SoDEX WLD-USD | +0.066% | +0.0100% | 1h | $191 | $5K | 10x | as long as short |
| Kalshi KXWLDPERP | +0.112% | −0.0129% | 8h | $94K | $3.4M | 1.7x | as long as short |
| Polymarket Perps WLD-USD | +0.116% | +0.0100% | 1h | $48K | $1.7M | 10x | as long as short |
| Aster WLDUSDT | +0.129% | +0.0100% | 8h | $229K | $970K | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.134% | −0.0051% | 8h | $27K | $941K | 10x | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo WLD-PERP | +0.149% | +0.0072% | 1h | $30K | $5K | 3x | as long as short |
| HTX WLD-USDT | +0.157% | +0.0100% | 8h | $817K | $1.6M | 50x | as long as short |
| Backpack WLD_USDC_PERP | +0.168% | +0.0100% | 1h | $131K | $315K | 10x | as long as short |
| Extended WLD-USD | +0.175% | +0.0024% | 1h | $131K | $571K | 10x | as long as short |
| 01 Exchange WLDUSD | +0.180% | +0.0016% | 1h | $315 | $77 | 5x | as long as short |
| BingX WLD-USDT | +0.180% | +0.0051% | 8h | — | $68.6M | — | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.180% | 0.0000% | 1h | $113K | $773K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | +0.203% | L +0.0003% / S −0.0003% | 1h | $57K | — | 150x | as long as short |
| GMX WLD/USD [ETH-USDC] | +0.219% | L +0.0186% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
| Gate WLD_USDT | +0.225% | −0.0207% | 8h | $7.2M | $33.4M | 75x | as long as short |
| SunX WLD-USDT | +0.225% | +0.0100% | 8h | $22K | $1.4M | 50x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.225% | +0.0216% | 1h | $264K | $1.6M | 50x | |
| Kraken Futures PF_WLDUSD | +0.236% | +0.0008% | 1h | $891K | $2.3M | 50x | as long as short |
| KuCoin WLDUSDTM | +0.248% | −0.0027% | 8h | $7.0M | $11.4M | 50x | as long as short |
| Hyperliquid WLD | +0.255% | +0.0100% | 1h | $44.9M | $38.5M | 10x | as long as short |
| Binance WLDUSDT | +0.255% | −0.0053% | 8h | $80.5M | $271.8M | 75x | as long as short |
| Bybit WLDUSDT | +0.271% | −0.0249% | 8h | $63.2M | $73.7M | 50x | as long as short |
| Bitget WLDUSDT | +0.271% | +0.0053% | 8h | $28.9M | $25.1M | 75x | as long as short |
| ApeX Omni WLDUSDT | +0.271% | +0.0100% | 1h | $63K | $220K | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.294% | −0.0010% | 8h | $34.5M | $131.1M | 50x | as long as short |
| MEXC WLD_USDT | +0.294% | −0.0055% | 8h | $42.7M | $46.6M | 300x | as long as short |
| Variational Omni WLD | +0.309% | −0.0195% | 8h | $2.1M | $1.6M | — | as long as short |
| Pacifica WLD | +0.313% | +0.0100% | 1h | $58K | $495K | 5x | as long as short |
| dYdX WLD-USD | +0.335% | +0.0041% | 1h | $152K | $5K | 10x | as long as short |
| Lighter WLD | +0.426% | +0.0096% | 1h | $4.8M | $1.2M | 10x | as long as short |
| edgeX WLDUSDC | +0.566% | +0.0100% | 4h | $26K | $314K | 20x | as long as short |
| Injective WLD/USDC PERP | +0.749% | +0.0353% | 1h | $6K | $194 | 5.5x | as long as short |