Spread before costs (cost unknown: a leg has no order-book sample)+0.080%
7d average—if it closes, per $10,000$8funding while held, a day+$5.29
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix WLD | 0.4442 | −0.0072 | get 0.0009% / 1h | 51m 46s | $2K | $58K | 10x |
| Short | Extended WLD-USD | 0.4445 | 0.0104 | get 0.0013% / 1h | 51m 46s | $134K | $671K | 10x |
Phoenix WLD
Extended WLD-USDPrice 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
- $7.95
- Funding while held
- $5.29
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $1.25
- Spread needed to break even
- 0.120%
Slippage unknown: Phoenix: no order-book sample; Extended: live order book, 63 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0176%
- Per $10,000 a day
- +$5.29
- 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 Extended live order book, 63 min ago | 2.26 bp | 4.8 bp −$5 | 12.4 bp −$124 | 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.Variational Omni0.4421cheapestedgeX0.4433+0.280%ApeX Omni0.4434+0.298%Injective0.4436+0.343%
Variational Omni
ApeX Omni
InjectivePhoenix0.4442+0.470%
Nado0.4442+0.479%Pacifica0.4443+0.502%BloFin0.4443+0.502%Reya0.4444+0.534%Kalshi0.4445+0.547%Orderly0.4445+0.547%
Nado
Pacifica
BloFin
Reya
OrderlyExtended0.4445+0.550%
dYdX0.4446+0.567%Bybit0.4446+0.570%SoDEX0.4446+0.570%HTX0.4446+0.570%Aevo0.4447+0.587%Binance0.4447+0.589%KuCoin0.4447+0.592%BingX0.4447+0.592%gTrade (Gains Network)0.4448+0.605%Polymarket Perps0.4448+0.608%OKX0.4448+0.615%MEXC0.4448+0.615%Deribit0.4448+0.615%Phemex0.4448+0.615%GMX0.4448+0.617%Backpack0.4448+0.617%01 Exchange0.4449+0.626%Hyperliquid0.4449+0.633%Gate0.4449+0.638%Bitget0.4449+0.638%Aster0.4449+0.642%Kraken Futures0.4449+0.646%Coinbase International0.4450+0.660%SunX0.4452+0.705%Lighter0.4458+0.834%
dYdX
Bybit
SoDEX
HTX
Aevo
Binance
KuCoin
BingX
gTrade (Gains Network)
Polymarket Perps
OKX
MEXC
Deribit
Phemex
GMX
Backpack
Hyperliquid
Gate
Bitget
Aster
Kraken Futures
Coinbase International
SunX
LighterWLD on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni WLD | −0.468% | −0.0113% | 8h | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | −0.190% | +0.0100% | 4h | $26K | $314K | 20x | as long as short |
| ApeX Omni WLDUSDT | −0.171% | +0.0100% | 1h | $63K | $220K | 50x | as long as short |
| Injective WLD/USDC PERP | −0.126% | +0.0083% | 1h | $6K | $41K | 5.5x | as long as short |
| Phoenix WLDlong | 0.000% | −0.0072% | 1h | $2K | $58K | 10x | |
| Nado WLD-PERP | +0.009% | −0.0085% | 1h | $348K | $206K | 5x | as long as short |
| Pacifica WLD | +0.032% | +0.0100% | 1h | $67K | $520K | 5x | as long as short |
| BloFin WLD-USDT | +0.032% | +0.0079% | 8h | $5.0M | $1.2M | 75x | as long as short |
| Reya WLDRUSDPERP | +0.064% | +0.0134% | 1h | — | — | 20x | as long as short |
| Kalshi KXWLDPERP | +0.077% | −0.0191% | 8h | $52K | $3.2M | 1.7x | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_WLD_USDC | +0.077% | −0.0033% | 8h | $28K | $957K | 10x | as long as short |
| Extended WLD-USDshort | +0.080% | +0.0104% | 1h | $134K | $671K | 10x | |
| dYdX WLD-USD | +0.096% | 0.0000% | 1h | $153K | $5K | 10x | as long as short |
| Bybit WLDUSDT | +0.099% | −0.0110% | 8h | $64.1M | $76.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.099% | +0.0100% | 1h | $191 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.099% | +0.0100% | 8h | $822K | $1.6M | 50x | as long as short |
| Aevo WLD-PERP | +0.116% | +0.0072% | 1h | $30K | $5K | 3x | as long as short |
| Binance WLDUSDT | +0.118% | −0.0038% | 8h | $81.7M | $276.6M | 75x | as long as short |
| KuCoin WLDUSDTM | +0.122% | +0.0003% | 8h | $6.9M | $12.1M | 50x | as long as short |
| BingX WLD-USDT | +0.122% | +0.0051% | 8h | — | $68.7M | — | as long as short |
| gTrade (Gains Network) WLD/USD | +0.134% | L +0.0003% / S −0.0003% | 1h | $71K | — | 150x | as long as short |
| Polymarket Perps WLD-USD | +0.137% | +0.0100% | 1h | $56K | $1.8M | 10x | as long as short |
| OKX WLD-USDT-SWAP | +0.144% | −0.0012% | 8h | $34.8M | $134.4M | 50x | as long as short |
| MEXC WLD_USDT | +0.144% | −0.0040% | 8h | $42.2M | $46.5M | 300x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.144% | 0.0000% | 1h | $119K | $772K | 25x | as long as short |
| Phemex WLDUSDT | +0.144% | +0.0100% | 8h | $1.9M | $3.9M | 50x | as long as short |
| GMX WLD/USD [ETH-USDC] | +0.146% | L +0.0187% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
| Backpack WLD_USDC_PERP | +0.146% | +0.0100% | 1h | $132K | $326K | 10x | as long as short |
| 01 Exchange WLDUSD | +0.155% | −0.0080% | 1h | $318 | $1K | 5x | as long as short |
| Hyperliquid WLD | +0.162% | +0.0100% | 1h | $46.5M | $39.5M | 10x | as long as short |
| Gate WLD_USDT | +0.167% | +0.0015% | 8h | $7.1M | $33.4M | 75x | as long as short |
| Bitget WLDUSDT | +0.167% | +0.0054% | 8h | $29.3M | $25.5M | 75x | as long as short |
| Aster WLDUSDT | +0.171% | +0.0053% | 8h | $261K | $905K | 50x | as long as short |
| Kraken Futures PF_WLDUSD | +0.175% | +0.0063% | 1h | $774K | $2.1M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.189% | +0.0240% | 1h | $269K | $1.8M | 50x | as long as short |
| SunX WLD-USDT | +0.234% | +0.0100% | 8h | $22K | $1.5M | 50x | as long as short |
| Lighter WLD | +0.362% | +0.0096% | 1h | $4.8M | $1.2M | 10x | as long as short |