Funding you earn now, next payment 04:00 UTC+0.0364%/8h= +39.9% APRnext payment +$0.46 per $10,000 · paid last 24h +0.053%
Price spread now: Kraken Futures against Phoenix+0.616%71s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.177%+$18 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.616% dearer against Phoenix than usual: you sell high and buy low: +$62 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.177% in total (about 9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix WLD | 0.4526 | 0.0157 | pay 0.0020% / 1h | 19m 34s | $5K | $52K | 10x |
| Short | Kraken Futures PF_WLDUSD | 0.4554 | 0.0521 | get 0.0065% / 1h | 19m 34s | $883K | $2.9M | 50x |
Phoenix WLD
Kraken Futures PF_WLDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $76.45
- Price spread: +0.616% → 0.000%
- $61.62
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $121.07
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago | 6.62 bp | 15.1 bp −$15 | 23.3 bp −$233 | 979.5 bp −$98.0K | 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 | −0.0026% | 1h | 0.4536 | +0.232% | $240K | $205K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4541 | +0.335% | $155K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4552 | +0.574% | $75K | $4.7M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4552 | +0.570% | $66K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0030% | 8h | 0.4539 | +0.287% | $6.8M | $11.7M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0100% | 8h | 0.4551 | +0.552% | $28K | $868K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4538 | +0.265% | $212K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4538 | +0.265% | $51K | $526K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4537 | +0.240% | $86.4M | $330.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4535 | +0.199% | $64.5M | $90.1M | 50x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4536 | +0.221% | $34.2M | $151.0M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4539 | +0.287% | $7.2M | $36.7M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4535 | +0.199% | $40.1M | $55.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4534 | +0.177% | $29.9M | $30.2M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4536 | +0.221% | — | $67.8M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4546 | +0.446% | $135K | $304K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4540 | +0.303% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4538 | +0.255% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4541 | +0.331% | $598K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4544 | +0.398% | $43K | $238K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4534 | +0.186% | $39K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4556 | +0.663% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4550 | +0.530% | $203 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4544 | +0.398% | $831K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4549 | +0.508% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4533 | +0.166% | $216K | $984K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4551 | +0.559% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4534 | +0.172% | — | — | 20x | as long as short |
| Injective WLD/USDC PERP | +0.0142% | 1h | 0.4576 | +1.105% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLDlong | +0.0157% | 1h | 0.4526 | long leg | $5K | $52K | 10x | |
| Deribit WLD_USDC-PERPETUAL | +0.0189% | 1h | 0.4553 | +0.597% | $122K | $981K | 25x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4537 | +0.243% | $4.9M | $881K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4551 | +0.556% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0288% | 1h | 0.4541 | +0.325% | $325 | $55 | 5x | as long as short |
| Hyperliquid WLD | +0.0358% | 1h | 0.4545 | +0.415% | $49.7M | $43.5M | 10x | as long as short |
| Kraken Futures PF_WLDUSDshort | +0.0521% | 1h | 0.4554 | +0.616% | $883K | $2.9M | 50x | |
| Coinbase International WLD-PERP-INTX | +0.0560% | 1h | 0.4554 | +0.619% | $267K | $1.6M | 50x | as long as short |
| Lighter WLD | +0.0824% | 1h | 0.4547 | +0.468% | $5.2M | $2.6M | 10x | as long as short |
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
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
Reya WLDRUSDPERP
Injective WLD/USDC PERP
Deribit WLD_USDC-PERPETUAL
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Hyperliquid WLD
Coinbase International WLD-PERP-INTX
Lighter WLD