Spread before costs (cost unknown: a leg has no order-book sample)−0.335%
7d average—if it closes, per $10,000$33funding while held, a day+$1.94
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix WLD | 0.4510 | 0.0035 | pay 0.0004% / 1h | 39m 51s | $11K | $48K | 10x |
| Short | Hyperliquid WLD | 0.4495 | 0.0100 | get 0.0013% / 1h | 39m 51s | $47.6M | $36.6M | 10x |
Phoenix WLD
Hyperliquid WLDPrice 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
- −$33.48
- Funding while held
- $1.94
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$47.54
- Spread needed to break even
- 0.160%
Slippage unknown: Phoenix: no order-book sample; Hyperliquid: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0065%
- Per $10,000 a day
- +$1.94
- 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 Hyperliquid live order book, 5 min ago | 1.00 bp | 6.4 bp −$6 | doesn't fit | 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.Extended0.4486cheapestBitget0.4486+0.008%Bybit0.4487+0.030%OKX0.4487+0.030%BingX0.4487+0.030%Binance0.4487+0.039%MEXC0.4488+0.052%KuCoin0.4488+0.052%Kalshi0.4490+0.097%Gate0.4491+0.119%Reya0.4492+0.132%Aster0.4493+0.157%Backpack0.4493+0.164%Orderly0.4493+0.164%SoDEX0.4493+0.164%Phemex0.4493+0.164%gTrade (Gains Network)0.4494+0.181%Deribit0.4494+0.186%HTX0.4494+0.186%GMX0.4494+0.194%Aevo0.4495+0.199%BloFin0.4495+0.208%dYdX0.4495+0.210%
Extended
Bitget
Bybit
OKX
BingX
Binance
MEXC
KuCoin
Gate
Reya
Aster
Backpack
Orderly
SoDEX
Phemex
gTrade (Gains Network)
Deribit
HTX
GMX
Aevo
BloFin
dYdXHyperliquid0.4495+0.211%
Coinbase International0.4496+0.231%Nado0.4496+0.236%Variational Omni0.4498+0.266%Kraken Futures0.4498+0.269%Lighter0.4498+0.277%01 Exchange0.4498+0.280%SunX0.4499+0.298%Pacifica0.4500+0.309%Polymarket Perps0.4501+0.331%ApeX Omni0.4505+0.431%edgeX0.4505+0.432%
Coinbase International
Nado
Variational Omni
Kraken Futures
Lighter
SunX
Pacifica
Polymarket Perps
ApeX OmniPhoenix0.4510+0.547%
Injective0.4523+0.833%
InjectiveWLD on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended WLD-USD | −0.544% | +0.0104% | 1h | $131K | $687K | 10x | as long as short |
| Bitget WLDUSDT | −0.537% | +0.0100% | 8h | $29.7M | $23.6M | 75x | as long as short |
| Bybit WLDUSDT | −0.514% | −0.0036% | 8h | $64.6M | $70.6M | 50x | as long as short |
| OKX WLD-USDT-SWAP | −0.514% | −0.0016% | 8h | $34.1M | $125.9M | 50x | as long as short |
| BingX WLD-USDT | −0.514% | +0.0100% | 8h | — | $68.1M | — | as long as short |
| Binance WLDUSDT | −0.505% | −0.0010% | 8h | $83.6M | $254.6M | 75x | as long as short |
| MEXC WLD_USDT | −0.492% | −0.0009% | 8h | $41.9M | $44.8M | 300x | as long as short |
| KuCoin WLDUSDTM | −0.492% | +0.0074% | 8h | $7.5M | $11.9M | 50x | as long as short |
| Kalshi KXWLDPERP | −0.448% | −0.0356% | 8h | $25K | $2.6M | 1.7x | as long as short |
| Gate WLD_USDT | −0.426% | +0.0025% | 8h | $7.5M | $31.5M | 75x | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya WLDRUSDPERP | −0.413% | +0.0134% | 1h | — | — | 20x | as long as short |
| Aster WLDUSDT | −0.388% | +0.0069% | 8h | $389K | $721K | 50x | as long as short |
| Backpack WLD_USDC_PERP | −0.381% | +0.0100% | 1h | $134K | $312K | 10x | as long as short |
| Orderly PERP_WLD_USDC | −0.381% | −0.0003% | 8h | $28K | $964K | 10x | as long as short |
| SoDEX WLD-USD | −0.381% | +0.0100% | 1h | $235 | $5K | 10x | as long as short |
| Phemex WLDUSDT | −0.381% | +0.0100% | 8h | $1.9M | $3.9M | 50x | as long as short |
| gTrade (Gains Network) WLD/USD | −0.364% | L +0.0003% / S −0.0003% | 1h | $56K | — | 150x | as long as short |
| Deribit WLD_USDC-PERPETUAL | −0.359% | −0.0195% | 1h | $104K | $672K | 25x | as long as short |
| HTX WLD-USDT | −0.359% | +0.0100% | 8h | $835K | $1.4M | 50x | as long as short |
| GMX WLD/USD [ETH-USDC] | −0.352% | L +0.0187% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
| Aevo WLD-PERP | −0.346% | +0.0080% | 1h | $31K | $5K | 3x | as long as short |
| BloFin WLD-USDT | −0.337% | +0.0110% | 8h | $5.1M | $1.1M | 75x | as long as short |
| dYdX WLD-USD | −0.336% | 0.0000% | 1h | $155K | $6K | 10x | as long as short |
| Hyperliquid WLDshort | −0.335% | +0.0100% | 1h | $47.6M | $36.6M | 10x | |
| Coinbase International WLD-PERP-INTX | −0.315% | +0.0280% | 1h | $279K | $1.8M | 50x | as long as short |
| Nado WLD-PERP | −0.309% | +0.0049% | 1h | $353K | $180K | 5x | as long as short |
| Variational Omni WLD | −0.280% | −0.0009% | 8h | $2.2M | $1.3M | — | as long as short |
| Kraken Futures PF_WLDUSD | −0.277% | +0.0102% | 1h | $858K | $1.6M | 50x | as long as short |
| Lighter WLD | −0.268% | +0.0448% | 1h | $4.9M | $775K | 10x | as long as short |
| 01 Exchange WLDUSD | −0.266% | +0.0032% | 1h | $322 | $1K | 5x | as long as short |
| SunX WLD-USDT | −0.248% | +0.0100% | 8h | $23K | $1.4M | 50x | as long as short |
| Pacifica WLD | −0.237% | +0.0100% | 1h | $55K | $332K | 5x | as long as short |
| Polymarket Perps WLD-USD | −0.215% | +0.0100% | 1h | $57K | $1.5M | 10x | as long as short |
| ApeX Omni WLDUSDT | −0.115% | +0.0100% | 1h | $59K | $219K | 50x | as long as short |
| edgeX WLDUSDC | −0.115% | +0.0100% | 4h | $27K | $311K | 20x | as long as short |
| Phoenix WLDlong | 0.000% | +0.0035% | 1h | $11K | $48K | 10x | |
| Injective WLD/USDC PERP | +0.284% | +0.0079% | 1h | $6K | $41K | 5.5x | as long as short |