Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h —

Price spread now: Reya against GRVT−0.157%7-day average — · you buy dearer than you sell

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

Long on GRVT 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 airdropGRVT: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.157% cheaper against GRVT than usual: you would sell low and buy high (spread −0.157% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 15 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	GRVT WLD_USDT_Perp	0.4569	0.0100	pay 0.0100% / 8h	3h 56m	$604K	$1.9M	10x
Short	Reya WLDRUSDPERP	0.4562	0.0134	get 0.0017% / 1h	56m 56s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against GRVT. 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 GRVTbpFee ReyabpOrdersPrice spread, now −0.157%Rate

Funding earned: $7.11
Price spread: −0.157% → 0.000%: −$15.69
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: −$23.58
Costs to cover: 0.150%
Break-even: 30.2 days

Slippage unknown: GRVT: live order book, 1 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 GRVT live order book, 1 min ago	1.09 bp	9.6 bp −$10	18.9 bp −$189	1505.6 bp −$150.6K	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
Polymarket Perps WLD-USD	−0.0064%	1h	0.4564	−0.121%	$40K	$2.2M	10x	as long as short
Nado WLD-PERP	0.0000%	1h	0.4564	−0.119%	$242K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4571	+0.028%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4564	−0.119%	$59K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4564	−0.119%	$124K	$963K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4567	−0.059%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0014%	8h	0.4565	−0.097%	$6.9M	$11.7M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4563	−0.141%	$28K	$885K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4566	−0.081%	$211K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4574	+0.107%	$49K	$525K	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	0.4564	−0.119%	$86.5M	$329.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4565	−0.097%	$65.0M	$89.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4564	−0.119%	$34.3M	$150.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4562	−0.163%	$7.2M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4565	−0.097%	$43.3M	$54.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4564	−0.119%	$30.2M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4563	−0.141%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4565	−0.106%	$136K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4567	−0.060%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4571	+0.037%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perplong	+0.0100%	8h	0.4569	long leg	$604K	$1.9M	10x
ApeX Omni WLDUSDT	+0.0100%	1h	0.4574	+0.100%	$43K	$238K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4572	+0.056%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4563	−0.141%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	−0.053%	$835K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4568	−0.031%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4563	−0.135%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4563	−0.130%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4562	−0.157%	—	—	20x
Injective WLD/USDC PERP	+0.0142%	1h	0.4583	+0.297%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4567	−0.064%	$5K	$51K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4562	−0.163%	$4.9M	$829K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4566	−0.075%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0312%	1h	0.4569	−0.003%	$327	$80	5x	as long as short
Hyperliquid WLD	+0.0364%	1h	0.4569	−0.001%	$50.2M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0520%	1h	0.4567	−0.053%	$882K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4580	+0.231%	$269K	$1.7M	50x	as long as short
Lighter WLD	+0.0640%	1h	0.4571	+0.023%	$5.1M	$2.5M	10x	as long as short