Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0085%/8h= −9.3% APRnext payment −$0.11 per $10,000 · paid last 24h —

Price spread now: Reya against GMX−0.035%7-day average — · you buy dearer than you sell

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

Long on GMX 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 −$3 a day on $10k at the current rate, and Reya is 0.035% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLD/USD [ETH-USDC]	0.4477	L +0.0219% / S −0.0967%	pay 0.0027% / 1h	1m 37s	$4K	—	100x
Short	Reya WLDRUSDPERP	0.4476	0.0134	get 0.0017% / 1h	1m 37s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against GMX. 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 GMXbpFee ReyabpOrdersPrice spread, now −0.035%Rate

Funding earned: −$17.81
Price spread: −0.035% → 0.000%: −$3.48
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$39.29
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

GMX 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	−0.0035%	1h	0.4484	+0.160%	$238K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4480	+0.054%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4478	+0.015%	$75K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4477	−0.007%	$129K	$999K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4478	+0.015%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0030%	8h	0.4478	+0.015%	$6.7M	$11.8M	50x	as long as short
Polymarket Perps WLD-USD	+0.0088%	1h	0.4473	−0.088%	$74K	$2.3M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4475	−0.052%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4484	+0.143%	$219K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4480	+0.060%	$50K	$526K	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	0.4484	+0.149%	$85.1M	$334.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4485	+0.171%	$63.9M	$91.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4486	+0.194%	$33.7M	$151.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4481	+0.082%	$7.1M	$37.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4481	+0.082%	$39.2M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4480	+0.060%	$29.5M	$30.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4481	+0.082%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4475	−0.050%	$132K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4508	+0.679%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4487	+0.212%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4494	+0.372%	$596K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4486	+0.194%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4481	+0.082%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4475	−0.052%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4470	−0.164%	$816K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4476	−0.030%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4481	+0.089%	$223K	$995K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4477	−0.014%	$30K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4476	−0.035%	—	—	20x
Injective WLD/USDC PERP	+0.0142%	1h	0.4538	+1.355%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4513	+0.799%	$5K	$52K	10x	as long as short
01 Exchange WLDUSD	+0.0208%	1h	0.4484	+0.138%	$321	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0219% / S −0.0967%	1h	0.4477	long leg	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4485	+0.171%	$4.8M	$902K	75x	as long as short
Hyperliquid WLD	+0.0254%	1h	0.4483	+0.136%	$48.6M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0530%	1h	0.4478	+0.023%	$857K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4479	+0.037%	$264K	$1.6M	50x	as long as short
Lighter WLD	+0.0568%	1h	0.4483	+0.131%	$4.9M	$2.9M	10x	as long as short