Funding you earn now, next payment 06:00 UTC+0.0388%/8h= +42.5% APRnext payment +$0.48 per $10,000 · paid last 24h +0.075%
Price spread now: Coinbase International against Polymarket Perps+0.152%47s7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$540.541% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 4 days (all we have)−0.155%−$15 · spread now +0.152%, 7d avg +0.041%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.111% dearer against Polymarket Perps than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.041%. The two prices were read 47 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 0.118% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 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 | Polymarket Perps WLD-USD | 0.4528 | 0.0100 | pay 0.0013% / 1h | 2m 30s | $46K | $2.6M | 10x |
| Short | Coinbase International WLD-PERP-INTX | 0.4535 | 0.0488 | get 0.0061% / 1h | 2m 30s | $273K | $1.6M | 50x |
Polymarket Perps WLD-USD
Coinbase International WLD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Polymarket Perps. 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
- $81.48
- Price spread: +0.152% → +0.041%
- $11.12
- Slippage, 4 orders
- −$36.11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $38.5
- Costs to cover
- 0.541%
- Break-even
- 3.7 days
Slippage from Polymarket Perps: live order book, 1 min ago; Coinbase International: live order book, 1 min ago.
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 Polymarket Perps live order book, 1 min ago | 3.64 bp | 7.6 bp −$8 | 15.5 bp −$155 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 5.52 bp | 16.3 bp −$16 | 22.1 bp −$221 | doesn't fit | doesn't fit |
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 | −0.0021% | 1h | 0.4530 | +0.031% | $236K | $170K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4532 | +0.088% | $155K | $32K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4535 | +0.152% | $57K | $4.7M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4529 | +0.016% | $65K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4535 | +0.152% | $27K | $742K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4531 | +0.070% | $226K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4532 | +0.078% | $49K | $537K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4531 | +0.064% | $86.5M | $334.8M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4529 | +0.020% | $64.5M | $89.4M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4528 | −0.002% | $34.3M | $152.0M | 50x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate WLD_USDT | +0.0100% | 8h | 0.4532 | +0.086% | $7.1M | $36.4M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4529 | +0.020% | $40.1M | $57.7M | 300x | as long as short |
| KuCoin WLDUSDTM | +0.0100% | 8h | 0.4527 | −0.024% | $6.6M | $11.7M | 50x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4530 | +0.042% | $30.0M | $30.9M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4531 | +0.064% | — | $69.8M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4536 | +0.179% | $133K | $294K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4535 | +0.146% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4530 | +0.045% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4531 | +0.064% | $597K | $2.1M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4531 | +0.064% | $48K | $239K | 50x | as long as short |
| Polymarket Perps WLD-USDlong | +0.0100% | 1h | 0.4528 | long leg | $46K | $2.6M | 10x | |
| SunX WLD-USDT | +0.0100% | 8h | 0.4538 | +0.219% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4536 | +0.174% | $218 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4527 | −0.024% | $828K | $1.6M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4537 | +0.197% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4529 | +0.014% | $208K | $945K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4538 | +0.208% | $31K | $500 | 3x | as long as short |
| Lighter WLD | +0.0128% | 1h | 0.4536 | +0.181% | $4.9M | $2.9M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0132% | 1h | 0.4581 | +1.168% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4527 | −0.018% | — | — | 20x | as long as short |
| 01 Exchange WLDUSD | +0.0136% | 1h | 0.4534 | +0.124% | $324 | $55 | 5x | as long as short |
| Phoenix WLD | +0.0158% | 1h | 0.4541 | +0.296% | $5K | $44K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0191% | 1h | 0.4538 | +0.219% | $151K | $954K | 25x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4528 | −0.001% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4534 | +0.130% | $3.8M | $914K | 75x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.0488% | 1h | 0.4535 | +0.152% | $273K | $1.6M | 50x | |
| Hyperliquid WLD | +0.0491% | 1h | 0.4536 | +0.179% | $50.4M | $44.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1043% | 1h | 0.4539 | +0.245% | $877K | $2.8M | 50x | as long as short |
Gate WLD_USDT
MEXC WLD_USDT
KuCoin WLDUSDTM
Bitget WLDUSDT
BingX WLD-USDT
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
Lighter WLD
Injective WLD/USDC PERP
Reya WLDRUSDPERP
01 Exchange WLDUSD
Phoenix WLD
Deribit WLD_USDC-PERPETUAL
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Kraken Futures PF_WLDUSD