Funding you earn now, next payment 01:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.01 per $10,000 · paid last 24h −0.011%
Price spread now: Nado against Phoenix+0.325%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.325% dearer against Phoenix than usual: you sell high and buy low, +$33 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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 | 0.4670 | 0.0068 | pay 0.0009% / 1h | 56m 01s | $5K | $54K | 10x |
| Short | Nado WLD-PERP | 0.4686 | 0.0059 | get 0.0007% / 1h | 56m 01s | $272K | $187K | 5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$1.84
- Price spread: +0.325% → 0.000%
- $32.55
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $16.7
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Nado: live order book, 7 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 Nado live order book, 7 min ago | 7.36 bp | 10.9 bp −$11 | 29.2 bp −$292 | 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 37 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0140% | 8h | 0.4670 | −0.006% | $56K | $4.5M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0034% | 8h | 0.4667 | −0.071% | $7.1M | $11.5M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4675 | +0.095% | $166K | $26K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4681 | +0.228% | $56K | — | 150x | as long as short |
| Nado WLD-PERPshort | +0.0059% | 1h | 0.4686 | +0.325% | $272K | $187K | 5x | |
| Orderly PERP_WLD_USDC | +0.0067% | 8h | 0.4682 | +0.251% | $28K | $895K | 10x | as long as short |
| Phoenix WLDlong | +0.0068% | 1h | 0.4670 | long leg | $5K | $54K | 10x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4664 | −0.125% | $179K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4675 | +0.108% | $51K | $510K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4659 | −0.242% | $88.7M | $323.3M | 75x | as long as short |
Show all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4656 | −0.306% | $66.7M | $87.2M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4660 | −0.221% | $35.3M | $149.8M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4664 | −0.135% | $7.3M | $36.4M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4660 | −0.221% | $45.8M | $54.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4659 | −0.242% | $31.0M | $29.2M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4658 | −0.263% | — | $67.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4669 | −0.030% | $137K | $285K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4684 | +0.288% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4669 | −0.023% | $28K | $319K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4667 | −0.071% | $616K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4658 | −0.263% | $51K | $236K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4686 | +0.325% | $64K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4689 | +0.400% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4676 | +0.122% | $296 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4673 | +0.058% | $855K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4668 | −0.049% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4658 | −0.255% | $215K | $887K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4682 | +0.257% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4683 | +0.266% | — | — | 20x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0177% | 1h | 0.4680 | +0.208% | $121K | $923K | 25x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4683 | +0.271% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0264% | 1h | 0.4689 | +0.396% | $335 | $80 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0480% | 1h | 0.4671 | +0.015% | $277K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0595% | 1h | 0.4673 | +0.054% | $52.0M | $43.4M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0677% | 1h | 0.4650 | −0.435% | $6K | $185K | 5.5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0885% | 1h | 0.4678 | +0.170% | $909K | $2.9M | 50x | as long as short |
| Lighter WLD | +0.0952% | 1h | 0.4678 | +0.161% | $5.3M | $2.1M | 10x | as long as short |
Phoenix WLD
Kalshi KXWLDPERP
KuCoin WLDUSDTM
gTrade (Gains Network) WLD/USD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
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
Deribit WLD_USDC-PERPETUAL
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Injective WLD/USDC PERP
Kraken Futures PF_WLDUSD
Lighter WLD