Spread before costs (cost unknown: a leg has no order-book sample)−0.011%
7d average—if it closes, per $10,000$1funding while held, a day−$2.46
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX WLD-USD | 0.4398 | 0.0100 | pay 0.0013% / 1h | 43m 28s | $191 | $5K | 10x |
| Short | Phoenix WLD | 0.4397 | 0.0018 | get 0.0002% / 1h | 43m 28s | $2K | $56K | 10x |
SoDEX WLD-USD
Phoenix WLDPrice 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
- −$1.14
- Funding while held
- −$2.46
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$18.6
- Spread needed to break even
- 0.150%
Slippage unknown: SoDEX: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0082%
- Per $10,000 a day
- −$2.46
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
SoDEX and 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.Variational Omni0.4383cheapestExtended0.4390+0.148%Bitget0.4390+0.152%Reya0.4390+0.161%Bybit0.4391+0.175%Binance0.4392+0.196%OKX0.4392+0.198%Orderly0.4392+0.198%edgeX0.4392+0.199%BingX0.4393+0.220%Polymarket Perps0.4394+0.241%MEXC0.4394+0.243%BloFin0.4394+0.243%GMX0.4394+0.252%Aster0.4394+0.253%gTrade (Gains Network)0.4395+0.259%Pacifica0.4395+0.266%Gate0.4395+0.266%KuCoin0.4395+0.266%Nado0.4395+0.277%Hyperliquid0.4396+0.280%ApeX Omni0.4396+0.289%Kalshi0.4396+0.289%Aevo0.4396+0.295%dYdX0.4397+0.304%HTX0.4397+0.312%
Variational Omni
Extended
Bitget
Reya
Bybit
Binance
OKX
Orderly
BingX
Polymarket Perps
MEXC
BloFin
GMX
Aster
gTrade (Gains Network)
Pacifica
Gate
KuCoin
Nado
Hyperliquid
ApeX Omni
Aevo
dYdX
HTXPhoenix0.4397+0.323%
SoDEX0.4398+0.334%
Deribit0.4398+0.334%Coinbase International0.4399+0.357%Kraken Futures0.4400+0.386%SunX0.4401+0.403%Backpack0.4401+0.414%Phemex0.4402+0.426%Lighter0.4402+0.433%Injective0.4477+2.137%
Deribit
Coinbase International
Kraken Futures
SunX
Backpack
Phemex
Lighter
InjectiveWLD on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni WLD | −0.333% | −0.0060% | 8h | $2.0M | $1.6M | — | as long as short |
| Extended WLD-USD | −0.186% | +0.0104% | 1h | $127K | $658K | 10x | as long as short |
| Bitget WLDUSDT | −0.182% | +0.0063% | 8h | $28.8M | $25.0M | 75x | as long as short |
| Reya WLDRUSDPERP | −0.173% | +0.0134% | 1h | — | — | 20x | as long as short |
| Bybit WLDUSDT | −0.159% | −0.0075% | 8h | $62.9M | $74.7M | 50x | as long as short |
| Binance WLDUSDT | −0.138% | −0.0033% | 8h | $80.4M | $269.1M | 75x | as long as short |
| OKX WLD-USDT-SWAP | −0.136% | −0.0010% | 8h | $33.1M | $129.7M | 50x | as long as short |
| Orderly PERP_WLD_USDC | −0.136% | −0.0023% | 8h | $27K | $959K | 10x | as long as short |
| edgeX WLDUSDC | −0.135% | +0.0100% | 4h | $26K | $316K | 20x | as long as short |
| BingX WLD-USDT | −0.114% | +0.0071% | 8h | — | $68.6M | — | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps WLD-USD | −0.093% | +0.0100% | 1h | $42K | $1.6M | 10x | as long as short |
| MEXC WLD_USDT | −0.091% | −0.0033% | 8h | $39.7M | $46.2M | 300x | as long as short |
| BloFin WLD-USDT | −0.091% | +0.0087% | 8h | $4.9M | $1.2M | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | −0.082% | L +0.0187% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
| Aster WLDUSDT | −0.081% | +0.0034% | 8h | $367K | $775K | 50x | as long as short |
| gTrade (Gains Network) WLD/USD | −0.075% | L +0.0003% / S −0.0003% | 1h | $70K | — | 150x | as long as short |
| Pacifica WLD | −0.068% | +0.0100% | 1h | $71K | $486K | 5x | as long as short |
| Gate WLD_USDT | −0.068% | +0.0025% | 8h | $7.1M | $33.4M | 75x | as long as short |
| KuCoin WLDUSDTM | −0.068% | +0.0040% | 8h | $6.9M | $12.2M | 50x | as long as short |
| Nado WLD-PERP | −0.057% | +0.0003% | 1h | $346K | $181K | 5x | as long as short |
| Hyperliquid WLD | −0.055% | +0.0100% | 1h | $46.0M | $38.2M | 10x | as long as short |
| ApeX Omni WLDUSDT | −0.045% | +0.0046% | 1h | $58K | $218K | 50x | as long as short |
| Kalshi KXWLDPERP | −0.045% | −0.0234% | 8h | $77K | $3.0M | 1.7x | as long as short |
| Aevo WLD-PERP | −0.040% | +0.0072% | 1h | $30K | $5K | 3x | as long as short |
| dYdX WLD-USD | −0.030% | +0.0034% | 1h | $151K | $5K | 10x | as long as short |
| HTX WLD-USDT | −0.023% | +0.0100% | 8h | $818K | $1.5M | 50x | as long as short |
| Phoenix WLDshort | −0.011% | +0.0018% | 1h | $2K | $56K | 10x | |
| SoDEX WLD-USDlong | 0.000% | +0.0100% | 1h | $191 | $5K | 10x | |
| Deribit WLD_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $121K | $746K | 25x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.023% | +0.0264% | 1h | $268K | $1.8M | 50x | as long as short |
| Kraken Futures PF_WLDUSD | +0.051% | −0.0033% | 1h | $773K | $1.9M | 50x | as long as short |
| SunX WLD-USDT | +0.068% | +0.0100% | 8h | $22K | $1.4M | 50x | as long as short |
| Backpack WLD_USDC_PERP | +0.080% | +0.0100% | 1h | $131K | $318K | 10x | as long as short |
| Phemex WLDUSDT | +0.091% | +0.0100% | 8h | $1.8M | $3.9M | 50x | as long as short |
| Lighter WLD | +0.098% | +0.0096% | 1h | $4.7M | $1.1M | 10x | as long as short |
| Injective WLD/USDC PERP | +1.796% | +0.0449% | 1h | $6K | $41K | 5.5x | as long as short |