Funding you earn now, next payment 05:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.046%
Price spread now: Injective against Phoenix−0.206%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.047%+$5 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 $0 a day on $10k at the current rate, and Injective is 0.206% cheaper against Phoenix than usual: you would sell low and buy high (−$21 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 | 0.4553 | 0.0142 | pay 0.0018% / 1h | 57m 22s | $5K | $44K | 10x |
| Short | Injective WLD/USDC PERP | 0.4544 | 0.0132 | get 0.0017% / 1h | 57m 22s | $6K | $185K | 5.5x |
Phoenix WLD
Injective WLD/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$2.09
- Price spread: −0.206% → 0.000%
- −$20.64
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$29.76
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Injective: live order book, 17 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 Injective live order book, 17 min ago | 59.67 bp | doesn't fit | 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 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 | −0.0079% | 1h | 0.4551 | −0.064% | $240K | $170K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4559 | +0.114% | $155K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4559 | +0.123% | $50K | $4.8M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4564 | +0.233% | $151K | $1.0M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4552 | −0.039% | $66K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0078% | 8h | 0.4549 | −0.097% | $6.8M | $11.8M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4548 | −0.119% | $27K | $790K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4553 | −0.002% | $227K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4557 | +0.074% | $50K | $539K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4552 | −0.031% | $86.6M | $339.5M | 75x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
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 | 0.4550 | −0.075% | $64.9M | $91.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4549 | −0.097% | $34.4M | $155.6M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4553 | −0.009% | $7.2M | $36.0M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4552 | −0.031% | $40.5M | $56.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4548 | −0.119% | $30.0M | $31.3M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4553 | −0.009% | — | $1.3M | — | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4556 | +0.050% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4546 | −0.170% | $27K | $319K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4556 | +0.057% | $604K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4557 | +0.079% | $48K | $240K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4549 | −0.101% | $58K | $2.5M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4567 | +0.299% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4560 | +0.145% | $212 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4558 | +0.101% | $834K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4561 | +0.167% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4547 | −0.148% | $211K | $1.0M | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4551 | −0.064% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERPshort | +0.0132% | 1h | 0.4544 | −0.206% | $6K | $185K | 5.5x | |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4550 | −0.069% | — | — | 20x | as long as short |
| Phoenix WLDlong | +0.0142% | 1h | 0.4553 | long leg | $5K | $44K | 10x | |
| 01 Exchange WLDUSD | +0.0176% | 1h | 0.4549 | −0.103% | $325 | $55 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4552 | −0.034% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4547 | −0.141% | $4.8M | $917K | 75x | as long as short |
| Backpack WLD_USDC_PERP | +0.0299% | 1h | 0.4563 | +0.215% | $133K | $300K | 10x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0488% | 1h | 0.4568 | +0.321% | $275K | $1.7M | 50x | as long as short |
| Lighter WLD | +0.0560% | 1h | 0.4560 | +0.154% | $4.9M | $2.9M | 10x | as long as short |
| Hyperliquid WLD | +0.0641% | 1h | 0.4557 | +0.083% | $49.6M | $44.7M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1038% | 1h | 0.4562 | +0.188% | $863K | $2.9M | 50x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
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
Reya WLDRUSDPERP
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Backpack WLD_USDC_PERP
Coinbase International WLD-PERP-INTX
Lighter WLD
Hyperliquid WLD
Kraken Futures PF_WLDUSD