Funding you earn now, next payment 21:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.027%
Price spread now: Pacifica against Phoenix−0.266%47s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Pacifica is 0.266% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.266% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 18 days of funding at the current rate (+$1 a day). The two prices were read 47 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 | 0.4563 | 0.0052 | pay 0.0006% / 1h | 22m 13s | $5K | $52K | 10x |
| Short | Pacifica WLD | 0.4551 | 0.0100 | get 0.0013% / 1h | 22m 13s | $51K | $483K | 5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $10.14
- Price spread: −0.266% → 0.000%
- −$26.65
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$31.51
- Costs to cover
- 0.150%
- Break-even
- 28.8 days
Slippage unknown: Phoenix: no order-book sample; Pacifica: live order book, 1 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 Pacifica live order book, 1 min ago | 2.20 bp | 10.1 bp −$10 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0438% | 8h | 0.4543 | −0.438% | $45K | $3.8M | 1.7x | as long as short |
| Orderly PERP_WLD_USDC | −0.0022% | 8h | 0.4548 | −0.329% | $28K | $917K | 10x | as long as short |
| Variational Omni WLD | −0.0017% | 8h | 0.4577 | +0.314% | $2.1M | $1.6M | — | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4549 | −0.311% | $155K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4550 | −0.285% | $127K | $903K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4550 | −0.275% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0009% | 8h | 0.4543 | −0.438% | $7.0M | $10.7M | 50x | as long as short |
| Nado WLD-PERP | +0.0034% | 1h | 0.4549 | −0.307% | $271K | $168K | 5x | as long as short |
| Phoenix WLDlong | +0.0052% | 1h | 0.4563 | long leg | $5K | $52K | 10x | |
| OKX WLD-USDT-SWAP | +0.0072% | 8h | 0.4543 | −0.438% | $34.0M | $138.2M | 50x | as long as short |
Show all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid WLD | +0.0100% | 1h | 0.4555 | −0.175% | $46.7M | $41.1M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4556 | −0.148% | $215K | $981K | 50x | as long as short |
| Pacifica WLDshort | +0.0100% | 1h | 0.4551 | −0.266% | $51K | $483K | 5x | |
| Binance WLDUSDT | +0.0100% | 8h | 0.4546 | −0.368% | $85.4M | $292.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4543 | −0.438% | $64.9M | $80.2M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4550 | −0.285% | $7.4M | $34.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4545 | −0.394% | $53.7M | $47.5M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4545 | −0.394% | $30.1M | $25.2M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4544 | −0.416% | — | $68.0M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4548 | −0.335% | $129K | $272K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4569 | +0.138% | $27K | $314K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4575 | +0.262% | $613K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4572 | +0.197% | $55K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4551 | −0.263% | $54K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4553 | −0.219% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4546 | −0.373% | $196 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4543 | −0.438% | $857K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4545 | −0.394% | $1.8M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4545 | −0.385% | $133K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4549 | −0.305% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4550 | −0.278% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0217% / S −0.0307% | 1h | 0.4552 | −0.245% | $12K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4549 | −0.307% | $4.9M | $809K | 75x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4622 | +1.293% | $6K | $139K | 5.5x | as long as short |
| 01 Exchange WLDUSD | +0.0376% | 1h | 0.4553 | −0.210% | $326 | $77 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4550 | −0.285% | $279K | $1.6M | 50x | as long as short |
| Lighter WLD | +0.1000% | 1h | 0.4557 | −0.136% | $5.1M | $2.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1096% | 1h | 0.4550 | −0.289% | $921K | $2.6M | 50x | as long as short |
Phoenix WLD
Pacifica WLD
Kalshi KXWLDPERP
Variational Omni WLD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
OKX WLD-USDT-SWAP
Hyperliquid WLD
Aster WLDUSDT
Binance WLDUSDT
Bybit WLDUSDT
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
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
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Injective WLD/USDC PERP
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Lighter WLD
Kraken Futures PF_WLDUSD