WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0142%/8h= −15.6% APRnext payment −$0.18 per $10,000 · paid last 24h −0.012%

Price spread now: Deribit against Phoenix−0.419%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Deribit is 0.419% cheaper against Phoenix than usual: you would sell low and buy high (−$42 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix WLD	0.4509	0.0142	pay 0.0018% / 1h	33m 00s	$5K	$52K	10x
Short	Deribit WLD_USDC-PERPETUAL	0.4490	0	get 0.0000% / 1h	33m 00s	$143K	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee DeribitbpOrdersPrice spread, now −0.419%Rate

Funding earned: −$29.9
Price spread: −0.419% → 0.000%: −$41.92
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$85.81
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Deribit: live order book, 1 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 Phoenix no order-book sample	—	—	—	—	—
Sell Deribit live order book, 1 min ago	5.57 bp	9.1 bp −$9	17.9 bp −$179	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 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
Nado WLD-PERP	−0.0052%	1h	0.4490	−0.419%	$241K	$208K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4487	−0.479%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4487	−0.486%	$69K	$4.9M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4490	−0.419%	$143K	$1.0M	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4488	−0.464%	$65K	—	150x	as long as short
Polymarket Perps WLD-USD	+0.0036%	1h	0.4487	−0.492%	$39K	$2.4M	10x	as long as short
KuCoin WLDUSDTM	+0.0044%	8h	0.4487	−0.486%	$6.7M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4491	−0.401%	$321	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4487	−0.486%	$28K	$825K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4497	−0.264%	$224K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4490	−0.424%	$50K	$541K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4495	−0.308%	$85.6M	$339.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4494	−0.330%	$64.0M	$92.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4496	−0.286%	$33.8M	$153.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4492	−0.375%	$7.3M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4493	−0.353%	$38.3M	$55.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4493	−0.353%	$29.6M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4493	−0.353%	—	$68.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4493	−0.362%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4509	−0.002%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4522	+0.295%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4512	+0.070%	$599K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4527	+0.401%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4495	−0.308%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4489	−0.441%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4487	−0.486%	$821K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4493	−0.353%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4492	−0.368%	$220K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4488	−0.462%	$30K	$600	3x	as long as short
Lighter WLD	+0.0120%	1h	0.4496	−0.295%	$4.9M	$2.9M	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4486	−0.501%	—	—	20x	as long as short
Phoenix WLDlong	+0.0142%	1h	0.4509	long leg	$5K	$52K	10x
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.091%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4488	−0.466%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4494	−0.330%	$4.8M	$924K	75x	as long as short
Hyperliquid WLD	+0.0291%	1h	0.4497	−0.257%	$48.6M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0504%	1h	0.4493	−0.346%	$857K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4491	−0.397%	$274K	$1.7M	50x	as long as short