Funding you earn now, next payment 08:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h +0.005%
Price spread now: Gate against Phoenix−0.155%92s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.002%$0 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 Gate is 0.155% cheaper against Phoenix than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 92 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 | Phoenix WLD | 0.4520 | 0.0194 | pay 0.0024% / 1h | 51m 35s | $4K | $44K | 10x |
| Short | Gate WLD_USDT | 0.4513 | 0.0048 | get 0.0048% / 8h | 7h 51m | $7.1M | $34.5M | 75x |
Phoenix WLD
Gate WLD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Phoenix. 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
- −$30.75
- Price spread: −0.155% → 0.000%
- −$15.49
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$68.24
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago | 3.32 bp | 16.3 bp −$16 | 37.2 bp −$372 | 55.6 bp −$5,557 | 123.8 bp −$61.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX WLD-USD | 0.0000% | 1h | 0.4518 | −0.050% | $154K | $32K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4518 | −0.044% | $36K | $4.6M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4511 | −0.199% | $119K | $1.0M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4515 | −0.104% | $65K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0015% | 1h | 0.4515 | −0.122% | $234K | $175K | 5x | as long as short |
| Gate WLD_USDTshort | +0.0048% | 8h | 0.4513 | −0.155% | $7.1M | $34.5M | 75x | |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4512 | −0.177% | $27K | $630K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4518 | −0.042% | $227K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4518 | −0.046% | $54K | $543K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4517 | −0.058% | $86.7M | $333.1M | 75x | as long as short |
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4516 | −0.088% | $63.9M | $89.4M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4520 | 0.000% | $34.2M | $150.0M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4517 | −0.066% | $41.9M | $55.5M | 300x | as long as short |
| KuCoin WLDUSDTM | +0.0100% | 8h | 0.4514 | −0.133% | $6.6M | $11.6M | 50x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4523 | +0.066% | $29.9M | $31.0M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4521 | +0.022% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4515 | −0.117% | $131K | $298K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4509 | −0.249% | $2.1M | $1.5M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4507 | −0.288% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4521 | +0.024% | $597K | $2.1M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4507 | −0.288% | $48K | $237K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4516 | −0.077% | $49K | $2.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4521 | +0.022% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4510 | −0.221% | $215 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4511 | −0.199% | $825K | $1.5M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4511 | −0.199% | $1.7M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4522 | +0.041% | $208K | $876K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4512 | −0.187% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0109% | 1h | 0.4508 | −0.265% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4513 | −0.160% | — | — | 20x | as long as short |
| Phoenix WLDlong | +0.0194% | 1h | 0.4520 | long leg | $4K | $44K | 10x | |
| 01 Exchange WLDUSD | +0.0200% | 1h | 0.4520 | +0.002% | $323 | $55 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4512 | −0.171% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4521 | +0.022% | $4.4M | $910K | 75x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0304% | 1h | 0.4512 | −0.173% | $867K | $2.8M | 50x | as long as short |
| Hyperliquid WLD | +0.0308% | 1h | 0.4519 | −0.018% | $50.1M | $43.1M | 10x | as long as short |
| Lighter WLD | +0.0336% | 1h | 0.4522 | +0.046% | $4.9M | $2.9M | 10x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4523 | +0.066% | $269K | $1.6M | 50x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
KuCoin WLDUSDTM
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Injective WLD/USDC PERP
Reya WLDRUSDPERP
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Kraken Futures PF_WLDUSD
Hyperliquid WLD
Lighter WLD
Coinbase International WLD-PERP-INTX