Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0134%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h —

Price spread now: Reya against Deribit+0.038%71s7-day average — · you sell dearer than you buy

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

Long on Deribit 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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.038% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 71 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	Deribit WLD_USDC-PERPETUAL	0.4556	0	get 0.0000% / 1h	10m 00s	$117K	$971K	25x
Short	Reya WLDRUSDPERP	0.4558	0.0134	get 0.0017% / 1h	10m 00s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Deribit. 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 DeribitbpFee ReyabpOrdersPrice spread, now +0.038%Rate

Funding earned: $28.11
Price spread: +0.038% → 0.000%: $3.84
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $18.94
Costs to cover: 0.130%
Break-even: 2.3 days

Slippage unknown: Deribit: live order book, 14 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 Deribit live order book, 14 min ago	4.42 bp	7.9 bp −$8	15.8 bp −$158	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
Nado WLD-PERP	−0.0040%	1h	0.4555	−0.022%	$236K	$171K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4553	−0.066%	$35K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUALlong	0.0000%	1h	0.4556	long leg	$117K	$971K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4554	−0.043%	$66K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4555	−0.022%	$27K	$539K	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4562	+0.127%	$50.6M	$43.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4557	+0.020%	$220K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4555	−0.012%	$56K	$546K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4553	−0.058%	$87.0M	$331.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4552	−0.088%	$65.4M	$89.3M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4551	−0.110%	$34.6M	$150.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4556	0.000%	$7.2M	$35.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4557	+0.022%	$41.8M	$57.2M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4555	−0.022%	$6.7M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4554	−0.044%	$30.0M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4556	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4558	+0.037%	$128K	$285K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4560	+0.082%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4540	−0.359%	$27K	$323K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4544	−0.263%	$603K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4528	−0.615%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4556	0.000%	$49K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4560	+0.088%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4557	+0.022%	$226	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4554	−0.044%	$835K	$1.4M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4556	0.000%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4554	−0.048%	$215K	$907K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4556	−0.008%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−1.054%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4558	+0.038%	—	—	20x
Lighter WLD	+0.0136%	1h	0.4561	+0.114%	$5.0M	$3.0M	10x	as long as short
dYdX WLD-USD	+0.0144%	1h	0.4555	−0.028%	$155K	$31K	10x	as long as short
01 Exchange WLDUSD	+0.0160%	1h	0.4559	+0.066%	$326	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4542	−0.305%	$4K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4555	−0.017%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4550	−0.132%	$4.4M	$960K	75x	as long as short
Kraken Futures PF_WLDUSD	+0.0300%	1h	0.4559	+0.076%	$904K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4562	+0.132%	$270K	$1.6M	50x	as long as short