Spread before costs (cost unknown: a leg has no order-book sample)−0.199%
7d average—if it closes, per $10,000$20funding while held, a day+$2.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange WLDUSD | 0.4431 | 0.0032 | pay 0.0004% / 1h | 31m 38s | $317 | $77 | 5x |
| Short | Hyperliquid WLD | 0.4422 | 0.0100 | get 0.0013% / 1h | 31m 38s | $45.1M | $39.2M | 10x |
Hyperliquid 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
- −$19.86
- Funding while held
- $2.04
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$33.82
- Spread needed to break even
- 0.160%
Slippage unknown: 01 Exchange: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0068%
- Per $10,000 a day
- +$2.04
- 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 3 min ago | 0.68 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
01 Exchange: 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.BloFin0.4411cheapestNado0.4413+0.057%Reya0.4414+0.073%Polymarket Perps0.4416+0.104%Kalshi0.4417+0.136%Orderly0.4417+0.136%SoDEX0.4417+0.136%Phemex0.4418+0.159%gTrade (Gains Network)0.4418+0.170%edgeX0.4419+0.176%Aevo0.4419+0.179%SunX0.4419+0.181%Aster0.4419+0.188%Deribit0.4420+0.204%GMX0.4420+0.213%HTX0.4421+0.227%Backpack0.4421+0.229%Kraken Futures0.4422+0.250%
BloFin
Nado
Reya
Polymarket Perps
Orderly
SoDEX
Phemex
gTrade (Gains Network)
Aevo
SunX
Aster
Deribit
GMX
HTX
Backpack
Kraken FuturesHyperliquid0.4422+0.254%
Variational Omni0.4422+0.257%Coinbase International0.4423+0.272%KuCoin0.4425+0.317%Bitget0.4425+0.317%BingX0.4425+0.317%Bybit0.4426+0.340%Gate0.4426+0.340%Injective0.4426+0.340%Extended0.4427+0.357%Binance0.4427+0.363%OKX0.4427+0.363%MEXC0.4427+0.363%Pacifica0.4429+0.408%Lighter0.4430+0.428%ApeX Omni0.4430+0.431%dYdX0.4430+0.435%Phoenix0.4431+0.456%
Variational Omni
Coinbase International
KuCoin
Bitget
BingX
Bybit
Gate
Injective
Extended
Binance
OKX
MEXC
Pacifica
Lighter
ApeX Omni
dYdX
PhoenixWLD on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin WLD-USDT | −0.451% | +0.0083% | 8h | $4.9M | $1.1M | 75x | as long as short |
| Nado WLD-PERP | −0.395% | −0.0047% | 1h | $346K | $206K | 5x | as long as short |
| Reya WLDRUSDPERP | −0.379% | +0.0134% | 1h | — | — | 20x | as long as short |
| Polymarket Perps WLD-USD | −0.348% | +0.0100% | 1h | $51K | $1.8M | 10x | as long as short |
| Kalshi KXWLDPERP | −0.316% | −0.0137% | 8h | $90K | $3.4M | 1.7x | as long as short |
| Orderly PERP_WLD_USDC | −0.316% | −0.0049% | 8h | $27K | $944K | 10x | as long as short |
| SoDEX WLD-USD | −0.316% | +0.0100% | 1h | $191 | $5K | 10x | as long as short |
| Phemex WLDUSDT | −0.293% | −0.0001% | 8h | $1.8M | $3.8M | 50x | as long as short |
| gTrade (Gains Network) WLD/USD | −0.283% | L +0.0003% / S −0.0003% | 1h | $57K | — | 150x | as long as short |
| edgeX WLDUSDC | −0.276% | +0.0100% | 4h | $26K | $315K | 20x | as long as short |
Show all 37 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo WLD-PERP | −0.273% | +0.0072% | 1h | $30K | $5K | 3x | as long as short |
| SunX WLD-USDT | −0.271% | +0.0100% | 8h | $22K | $1.5M | 50x | as long as short |
| Aster WLDUSDT | −0.264% | +0.0100% | 8h | $230K | $1.0M | 50x | as long as short |
| Deribit WLD_USDC-PERPETUAL | −0.248% | 0.0000% | 1h | $114K | $788K | 25x | as long as short |
| GMX WLD/USD [ETH-USDC] | −0.239% | L +0.0186% / S −0.1014% | 1h | $5K | — | 100x | as long as short |
| HTX WLD-USDT | −0.226% | +0.0100% | 8h | $822K | $1.7M | 50x | as long as short |
| Backpack WLD_USDC_PERP | −0.223% | +0.0100% | 1h | $130K | $327K | 10x | as long as short |
| Kraken Futures PF_WLDUSD | −0.202% | +0.0008% | 1h | $726K | $2.2M | 50x | as long as short |
| Hyperliquid WLDshort | −0.199% | +0.0100% | 1h | $45.1M | $39.2M | 10x | |
| Variational Omni WLD | −0.195% | −0.0185% | 8h | $2.1M | $1.7M | — | as long as short |
| Coinbase International WLD-PERP-INTX | −0.181% | +0.0216% | 1h | $267K | $1.7M | 50x | as long as short |
| KuCoin WLDUSDTM | −0.135% | −0.0009% | 8h | $7.0M | $11.8M | 50x | as long as short |
| Bitget WLDUSDT | −0.135% | +0.0056% | 8h | $29.0M | $25.5M | 75x | as long as short |
| BingX WLD-USDC | −0.135% | +0.0058% | 8h | — | $1.3M | — | as long as short |
| Bybit WLDUSDT | −0.113% | −0.0219% | 8h | $63.5M | $76.3M | 50x | as long as short |
| Gate WLD_USDT | −0.113% | −0.0077% | 8h | $7.3M | $33.3M | 75x | as long as short |
| Injective WLD/USDC PERP | −0.113% | +0.0353% | 1h | $6K | $194 | 5.5x | as long as short |
| Extended WLD-USD | −0.096% | +0.0104% | 1h | $133K | $662K | 10x | as long as short |
| Binance WLDUSDT | −0.090% | −0.0042% | 8h | $80.9M | $278.7M | 75x | as long as short |
| OKX WLD-USDT-SWAP | −0.090% | −0.0008% | 8h | $34.7M | $135.4M | 50x | as long as short |
| MEXC WLD_USDT | −0.090% | −0.0039% | 8h | $43.9M | $46.2M | 300x | as long as short |
| Pacifica WLD | −0.045% | +0.0100% | 1h | $58K | $510K | 5x | as long as short |
| Lighter WLD | −0.025% | +0.0096% | 1h | $4.8M | $1.1M | 10x | as long as short |
| ApeX Omni WLDUSDT | −0.023% | +0.0100% | 1h | $63K | $223K | 50x | as long as short |
| dYdX WLD-USD | −0.019% | +0.0055% | 1h | $152K | $5K | 10x | as long as short |
| 01 Exchange WLDUSDlong | 0.000% | +0.0032% | 1h | $317 | $77 | 5x | |
| Phoenix WLD | +0.002% | −0.0091% | 1h | $2K | $60K | 10x | as long as short |