Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0266%/8h= −29.1% APRnext payment −$0.33 per $10,000 · paid last 24h —

Price spread now: Reya against Coinbase International−0.342%48s7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Reya is 0.342% cheaper against Coinbase International than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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	Coinbase International WLD-PERP-INTX	0.4576	0.0400	pay 0.0050% / 1h	28m 22s	$281K	$1.6M	50x
Short	Reya WLDRUSDPERP	0.4560	0.0134	get 0.0017% / 1h	28m 22s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Coinbase International. 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 Coinbase InternationalbpFee ReyabpOrdersPrice spread, now −0.342%Rate

Funding earned: −$55.89
Price spread: −0.342% → 0.000%: −$34.22
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$106.12
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	5.49 bp	22.4 bp −$22	36.0 bp −$360	doesn't fit	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
Kalshi KXWLDPERP	−0.0493%	8h	0.4571	−0.109%	$44K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0024%	8h	0.4572	−0.087%	$28K	$917K	10x	as long as short
Variational Omni WLD	−0.0021%	8h	0.4554	−0.474%	$2.1M	$1.6M	—	as long as short
dYdX WLD-USD	0.0000%	1h	0.4565	−0.233%	$156K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4574	−0.044%	$129K	$901K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4562	−0.316%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0014%	8h	0.4560	−0.350%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0040%	1h	0.4561	−0.328%	$272K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4552	−0.531%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0065%	8h	0.4562	−0.306%	$34.2M	$138.5M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLD	+0.0100%	1h	0.4567	−0.190%	$47.2M	$40.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4571	−0.118%	$216K	$981K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4569	−0.158%	$51K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4563	−0.284%	$86.0M	$292.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4561	−0.328%	$65.2M	$80.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4565	−0.240%	$7.5M	$34.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4561	−0.328%	$53.6M	$47.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4561	−0.328%	$30.2M	$25.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4560	−0.350%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4571	−0.118%	$129K	$275K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4552	−0.523%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4563	−0.285%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4555	−0.459%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4561	−0.323%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4578	+0.044%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4569	−0.153%	$198	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	−0.175%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4568	−0.175%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4562	−0.295%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4574	−0.045%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4560	−0.342%	—	—	20x
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4573	−0.066%	$12K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4571	−0.109%	$4.9M	$812K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.005%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTXlong	+0.0400%	1h	0.4576	long leg	$281K	$1.6M	50x
01 Exchange WLDUSD	+0.0416%	1h	0.4568	−0.177%	$327	$77	5x	as long as short
Lighter WLD	+0.1040%	1h	0.4572	−0.085%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1091%	1h	0.4571	−0.107%	$925K	$2.6M	50x	as long as short