Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h —

Price spread now: Reya against Aevo−0.188%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.188% cheaper against Aevo than usual: you would sell low and buy high (spread −0.188% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 21 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WLD-PERP	0.4518	0.0104	pay 0.0013% / 1h	55m 15s	$31K	$600	3x
Short	Reya WLDRUSDPERP	0.4509	0.0134	get 0.0017% / 1h	55m 15s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee ReyabpOrdersPrice spread, now −0.188%Rate

Funding earned: $6.27
Price spread: −0.188% → 0.000%: −$18.84
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Reya: 3 bp × 2 orders: −$6
Net: −$34.58
Costs to cover: 0.220%
Break-even: 45.6 days

Slippage unknown: Aevo: no order-book sample; Reya: no order-book sample. 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 Aevo no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Aevo and Reya: 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	0.4512	−0.128%	$239K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4513	−0.112%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4516	−0.039%	$72K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4518	+0.005%	$146K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4512	−0.128%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0034%	8h	0.4511	−0.150%	$6.7M	$11.8M	50x	as long as short
Polymarket Perps WLD-USD	+0.0060%	1h	0.4507	−0.243%	$48K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4510	−0.166%	$323	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4517	−0.017%	$28K	$858K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4518	+0.012%	$226K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4513	−0.106%	$47K	$533K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4519	+0.024%	$85.8M	$336.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4517	−0.017%	$64.1M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4518	+0.005%	$34.0M	$153.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4514	−0.084%	$7.2M	$36.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4512	−0.128%	$39.0M	$55.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4516	−0.039%	$29.7M	$30.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4514	−0.084%	—	$68.1M	—	as long as short
Variational Omni WLD	+0.0100%	8h	0.4523	+0.109%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4506	−0.250%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4524	+0.146%	$600K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4524	+0.138%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4518	+0.005%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	−0.150%	$824K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4520	+0.049%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4515	−0.067%	$221K	$999K	10x	as long as short
Aevo WLD-PERPlong	+0.0104%	1h	0.4518	long leg	$31K	$600	3x
Backpack WLD_USDC_PERP	+0.0130%	1h	0.4522	+0.085%	$134K	$305K	10x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4509	−0.188%	—	—	20x
Phoenix WLD	+0.0157%	1h	0.4490	−0.622%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4521	+0.071%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	+0.027%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4512	−0.128%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4521	+0.071%	$4.8M	$928K	75x	as long as short
Hyperliquid WLD	+0.0223%	1h	0.4515	−0.059%	$48.9M	$44.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0243%	1h	0.4518	+0.005%	$48K	$240K	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0501%	1h	0.4519	+0.024%	$865K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4522	+0.093%	$266K	$1.7M	50x	as long as short