Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0189%/8h= −20.7% APRnext payment −$0.24 per $10,000 · paid last 24h —

Price spread now: Reya against Kraken Futures−0.074%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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 −$6 a day on $10k at the current rate, and Reya is 0.074% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 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	Kraken Futures PF_WLDUSD	0.4661	0.0323	pay 0.0040% / 1h	35m 53s	$918K	$2.7M	50x
Short	Reya WLDRUSDPERP	0.4658	0.0134	get 0.0017% / 1h	35m 53s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Kraken Futures. 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 Kraken FuturesbpFee ReyabpOrdersPrice spread, now −0.074%Rate

Funding earned: −$39.79
Price spread: −0.074% → 0.000%: −$7.38
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$63.17
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: 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 Kraken Futures live order book, 3 min ago	7.55 bp	20.0 bp −$20	32.6 bp −$326	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	−0.0183%	8h	0.4654	−0.155%	$44K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0032%	1h	0.4657	−0.091%	$280K	$169K	5x	as long as short
KuCoin WLDUSDTM	−0.0013%	8h	0.4658	−0.069%	$7.1M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4649	−0.257%	$166K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4660	−0.024%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4597	−1.378%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0042%	8h	0.4662	+0.017%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4657	−0.091%	$194K	$984K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4651	−0.213%	$54K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4658	−0.067%	$88.6M	$304.4M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4660	−0.026%	$67.1M	$82.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4655	−0.134%	$35.0M	$145.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4659	−0.048%	$7.6M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4660	−0.026%	$47.8M	$53.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4658	−0.069%	$30.9M	$26.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4659	−0.048%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4662	+0.023%	$139K	$280K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4660	−0.031%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4627	−0.744%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4630	−0.670%	$612K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4625	−0.777%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4659	−0.054%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4669	+0.167%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4662	+0.017%	$221	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4655	−0.134%	$866K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4656	−0.112%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4661	−0.015%	$221K	$861K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4662	+0.013%	$32K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4658	−0.074%	—	—	20x
Phoenix WLD	+0.0157%	1h	0.4629	−0.689%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4643	−0.391%	$4.9M	$834K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0234% / S −0.1403%	1h	0.4660	−0.022%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4658	−0.065%	$333	$77	5x	as long as short
Kraken Futures PF_WLDUSDlong	+0.0323%	1h	0.4661	long leg	$918K	$2.7M	50x
Deribit WLD_USDC-PERPETUAL	+0.0394%	1h	0.4664	+0.059%	$134K	$871K	25x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4664	+0.059%	$277K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0747%	1h	0.4667	+0.128%	$51.9M	$43.4M	10x	as long as short
Lighter WLD	+0.0920%	1h	0.4671	+0.212%	$5.3M	$2.0M	10x	as long as short