Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h —

Price spread now: Reya against Bitget−0.277%49s7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.277% cheaper against Bitget than usual: you would sell low and buy high (spread −0.277% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 27 days of funding at the current rate (+$1 a day). The two prices were read 49 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	Bitget WLDUSDT	0.4767	0.0100	pay 0.0100% / 8h	7h 15m	$31.9M	$27.1M	75x
Short	Reya WLDRUSDPERP	0.4754	0.0134	get 0.0017% / 1h	15m 46s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bitget. 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 BitgetbpFee ReyabpOrdersPrice spread, now −0.277%Rate

Funding earned: $7.11
Price spread: −0.277% → 0.000%: −$27.74
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$38.64
Costs to cover: 0.180%
Break-even: 45.1 days

Slippage unknown: Bitget: live order book, 3 min ago; 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 Bitget live order book, 3 min ago	3.18 bp	10.5 bp −$10	21.6 bp −$216	76.0 bp −$7,596	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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
Phemex WLDUSDT	−0.0224%	8h	0.4759	−0.168%	$1.9M	$3.7M	50x	as long as short
Kalshi KXWLDPERP	−0.0165%	8h	0.4755	−0.252%	$30K	$4.0M	1.7x	as long as short
Nado WLD-PERP	−0.0032%	1h	0.4758	−0.178%	$278K	$177K	5x	as long as short
KuCoin WLDUSDTM	−0.0015%	8h	0.4761	−0.126%	$7.1M	$11.2M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4764	−0.069%	$170K	$12K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0002%	1h	0.4756	−0.230%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4744	−0.482%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0049%	8h	0.4758	−0.189%	$29K	$902K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4764	−0.053%	$213K	$979K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4765	−0.042%	$56K	$482K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4764	−0.063%	$91.1M	$309.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4764	−0.063%	$69.1M	$83.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4763	−0.084%	$36.2M	$151.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4762	−0.105%	$7.7M	$36.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4764	−0.063%	$49.9M	$54.8M	300x	as long as short
Bitget WLDUSDTlong	+0.0100%	8h	0.4767	long leg	$31.9M	$27.1M	75x
BingX WLD-USDT	+0.0100%	8h	0.4763	−0.084%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4760	−0.155%	$141K	$277K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4758	−0.194%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4710	−1.194%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4720	−0.987%	$623K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4712	−1.154%	$57K	$231K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4758	−0.183%	$47K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4764	−0.063%	$24K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4761	−0.126%	$233	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4751	−0.336%	$881K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4762	−0.105%	$220K	$894K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4760	−0.141%	$32K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4754	−0.277%	—	—	20x
Phoenix WLD	+0.0157%	1h	0.4717	−1.045%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4745	−0.462%	$5.0M	$881K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0240% / S −0.1538%	1h	0.4755	−0.259%	$7K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4760	−0.155%	$341	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0316%	1h	0.4765	−0.040%	$944K	$2.7M	50x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0380%	1h	0.4762	−0.105%	$136K	$863K	25x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4759	−0.168%	$278K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0871%	1h	0.4772	+0.113%	$53.5M	$44.0M	10x	as long as short
Lighter WLD	+0.1016%	1h	0.4773	+0.134%	$5.4M	$2.0M	10x	as long as short