Spread before costs (cost unknown: a leg has no order-book sample)−0.286%
7d average—if it closes, per $10,000$29funding while held, a day+$2.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix WLD | 0.4410 | −0.0091 | get 0.0011% / 1h | 2m 01s | $2K | $60K | 10x |
| Short | OKX WLD-USDT-SWAP | 0.4397 | −0.0020 | pay 0.0020% / 8h | 7h 02m | $34.5M | $129.4M | 50x |
Phoenix WLD
OKX WLD-USDT-SWAPPrice 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
- −$28.57
- Funding while held
- $2.13
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$43.44
- Spread needed to break even
- 0.170%
Slippage unknown: Phoenix: no order-book sample; OKX: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0071%
- Per $10,000 a day
- +$2.13
- 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 OKX live order book, 3 min ago | 1.14 bp | 6.6 bp −$7 | 16.0 bp −$160 | 157.6 bp −$15.8K | 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.Extended0.4395cheapestSoDEX0.4395+0.010%Bybit0.4396+0.033%KuCoin0.4396+0.033%Bitget0.4396+0.033%Orderly0.4396+0.033%Reya0.4396+0.035%Nado0.4396+0.044%
Extended
SoDEX
Bybit
KuCoin
Bitget
Orderly
Reya
NadoOKX0.4397+0.055%
BingX0.4397+0.055%Phemex0.4397+0.055%Aevo0.4398+0.068%Binance0.4398+0.078%Gate0.4398+0.078%MEXC0.4398+0.078%Deribit0.4398+0.078%Variational Omni0.4398+0.081%GMX0.4399+0.095%Kalshi0.4399+0.101%Hyperliquid0.4400+0.112%Backpack0.4400+0.112%Polymarket Perps0.4400+0.112%gTrade (Gains Network)0.4400+0.113%Pacifica0.4401+0.146%ApeX Omni0.4401+0.146%Kraken Futures0.4402+0.170%Aster0.4402+0.175%01 Exchange0.4402+0.176%dYdX0.4403+0.197%edgeX0.4404+0.211%BloFin0.4404+0.215%Lighter0.4405+0.233%SunX0.4405+0.237%HTX0.4405+0.237%
BingX
Phemex
Aevo
Binance
Gate
MEXC
Deribit
Variational Omni
GMX
Hyperliquid
Backpack
Polymarket Perps
gTrade (Gains Network)
Pacifica
ApeX Omni
Kraken Futures
Aster
dYdX
BloFin
Lighter
SunX
HTXPhoenix0.4410+0.342%
Injective0.4422+0.624%Coinbase International0.4423+0.647%
Injective
Coinbase InternationalWLD on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended WLD-USD | −0.341% | +0.0016% | 1h | $132K | $573K | 10x | as long as short |
| SoDEX WLD-USD | −0.331% | +0.0100% | 1h | $191 | $5K | 10x | as long as short |
| Bybit WLDUSDT | −0.308% | −0.0213% | 8h | $63.1M | $72.2M | 50x | as long as short |
| KuCoin WLDUSDTM | −0.308% | −0.0023% | 8h | $7.0M | $11.3M | 50x | as long as short |
| Bitget WLDUSDT | −0.308% | +0.0061% | 8h | $28.8M | $24.6M | 75x | as long as short |
| Orderly PERP_WLD_USDC | −0.308% | −0.0048% | 8h | $27K | $940K | 10x | as long as short |
| Reya WLDRUSDPERP | −0.306% | +0.0134% | 1h | — | — | 20x | as long as short |
| Nado WLD-PERP | −0.297% | −0.0045% | 1h | $344K | $188K | 5x | as long as short |
| OKX WLD-USDT-SWAPshort | −0.286% | −0.0020% | 8h | $34.5M | $129.4M | 50x | |
| BingX WLD-USDT | −0.286% | +0.0062% | 8h | — | $68.5M | — | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex WLDUSDT | −0.286% | +0.0100% | 8h | $1.9M | $3.8M | 50x | as long as short |
| Aevo WLD-PERP | −0.273% | +0.0072% | 1h | $30K | $5K | 3x | as long as short |
| Binance WLDUSDT | −0.263% | −0.0052% | 8h | $80.2M | $268.5M | 75x | as long as short |
| Gate WLD_USDT | −0.263% | −0.0086% | 8h | $7.2M | $33.6M | 75x | as long as short |
| MEXC WLD_USDT | −0.263% | −0.0050% | 8h | $43.2M | $46.8M | 300x | as long as short |
| Deribit WLD_USDC-PERPETUAL | −0.263% | 0.0000% | 1h | $112K | $773K | 25x | as long as short |
| Variational Omni WLD | −0.260% | −0.0205% | 8h | $2.1M | $1.6M | — | as long as short |
| GMX WLD/USD [ETH-USDC] | −0.246% | L +0.0186% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
| Kalshi KXWLDPERP | −0.240% | −0.0147% | 8h | $94K | $3.4M | 1.7x | as long as short |
| Hyperliquid WLD | −0.229% | +0.0100% | 1h | $44.8M | $38.3M | 10x | as long as short |
| Backpack WLD_USDC_PERP | −0.229% | +0.0100% | 1h | $129K | $308K | 10x | as long as short |
| Polymarket Perps WLD-USD | −0.229% | +0.0100% | 1h | $48K | $1.7M | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | −0.229% | L +0.0003% / S −0.0003% | 1h | $56K | — | 150x | as long as short |
| Pacifica WLD | −0.195% | +0.0100% | 1h | $58K | $496K | 5x | as long as short |
| ApeX Omni WLDUSDT | −0.195% | +0.0100% | 1h | $63K | $220K | 50x | as long as short |
| Kraken Futures PF_WLDUSD | −0.172% | +0.0008% | 1h | $891K | $2.4M | 50x | as long as short |
| Aster WLDUSDT | −0.167% | +0.0100% | 8h | $228K | $961K | 50x | as long as short |
| 01 Exchange WLDUSD | −0.166% | +0.0024% | 1h | $315 | $77 | 5x | as long as short |
| dYdX WLD-USD | −0.145% | +0.0031% | 1h | $151K | $5K | 10x | as long as short |
| edgeX WLDUSDC | −0.130% | +0.0100% | 4h | $26K | $315K | 20x | as long as short |
| BloFin WLD-USDT | −0.127% | +0.0069% | 8h | $4.8M | $1.1M | 75x | as long as short |
| Lighter WLD | −0.109% | +0.0096% | 1h | $4.7M | $1.2M | 10x | as long as short |
| SunX WLD-USDT | −0.104% | +0.0100% | 8h | $22K | $1.4M | 50x | as long as short |
| HTX WLD-USDT | −0.104% | +0.0100% | 8h | $817K | $1.6M | 50x | as long as short |
| Phoenix WLDlong | 0.000% | −0.0091% | 1h | $2K | $60K | 10x | |
| Injective WLD/USDC PERP | +0.281% | +0.0353% | 1h | $6K | $195 | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.304% | +0.0216% | 1h | $266K | $1.6M | 50x | as long as short |