Funding you earn now, next payment 05:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h +0.020%
Price spread now: Polymarket Perps against Phoenix−0.416%59s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.041%+$4 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 −$3 a day on $10k at the current rate, and Polymarket Perps is 0.416% cheaper against Phoenix than usual: you would sell low and buy high (−$42 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 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 | 0.4516 | 0.0142 | pay 0.0018% / 1h | 33m 57s | $5K | $52K | 10x |
| Short | Polymarket Perps WLD-USD | 0.4497 | 0.0047 | get 0.0006% / 1h | 33m 57s | $38K | $2.4M | 10x |
Phoenix WLD
Polymarket Perps WLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$20.03
- Price spread: −0.416% → 0.000%
- −$41.63
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$76.66
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Polymarket Perps: live order book, 5 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 Polymarket Perps live order book, 5 min ago | 0.11 bp | 4.1 bp −$4 | 4.5 bp −$45 | 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 | −0.0055% | 1h | 0.4499 | −0.382% | $242K | $208K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4504 | −0.271% | $154K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4506 | −0.221% | $69K | $4.9M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4490 | −0.576% | $143K | $1.0M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4496 | −0.444% | $65K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0044% | 8h | 0.4490 | −0.576% | $6.7M | $11.9M | 50x | as long as short |
| Polymarket Perps WLD-USDshort | +0.0047% | 1h | 0.4497 | −0.416% | $38K | $2.4M | 10x | |
| 01 Exchange WLDUSD | +0.0064% | 1h | 0.4501 | −0.326% | $322 | $55 | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4490 | −0.576% | $28K | $826K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4497 | −0.421% | $224K | $1.1M | 50x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
01 Exchange WLDUSD
Orderly PERP_WLD_USDC
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4504 | −0.266% | $50K | $541K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4488 | −0.617% | $85.4M | $339.1M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4486 | −0.664% | $63.9M | $92.0M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4487 | −0.642% | $33.8M | $153.1M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4492 | −0.531% | $7.3M | $37.1M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4493 | −0.509% | $38.3M | $55.7M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4485 | −0.686% | $29.5M | $31.1M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4490 | −0.576% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4490 | −0.569% | $133K | $308K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4509 | −0.159% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4505 | −0.235% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4512 | −0.088% | $599K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4512 | −0.089% | $48K | $240K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4502 | −0.310% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4491 | −0.554% | $207 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4478 | −0.841% | $820K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4493 | −0.509% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4484 | −0.702% | $220K | $999K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4492 | −0.520% | $30K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4495 | −0.469% | — | — | 20x | as long as short |
| Phoenix WLDlong | +0.0142% | 1h | 0.4516 | long leg | $5K | $52K | 10x | |
| Lighter WLD | +0.0144% | 1h | 0.4495 | −0.463% | $4.9M | $2.9M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0176% | 1h | 0.4513 | −0.066% | $6K | $185K | 5.5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4495 | −0.458% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4523 | +0.155% | $4.8M | $930K | 75x | as long as short |
| Hyperliquid WLD | +0.0291% | 1h | 0.4496 | −0.454% | $48.6M | $44.2M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0504% | 1h | 0.4494 | −0.491% | $857K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0536% | 1h | 0.4499 | −0.376% | $274K | $1.7M | 50x | as long as short |
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Lighter WLD
Injective WLD/USDC PERP
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX