Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h —

Price spread now: Reya against KuCoin−0.499%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Funding pays, the price is against you. Reya is 0.499% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.499% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$50 on $10k: about 9.8 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4653	−0.0036	get 0.0036% / 8h	5h 56m	$7.1M	$11.5M	50x
Short	Reya WLDRUSDPERP	0.4630	0.0134	get 0.0017% / 1h	56m 54s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against KuCoin. 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 KuCoinbpFee ReyabpOrdersPrice spread, now −0.499%Rate

Funding earned: $35.67
Price spread: −0.499% → 0.000%: −$49.92
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$32.26
Costs to cover: 0.180%
Break-even: 13.3 days

Slippage unknown: KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	2.15 bp	22.0 bp −$22	54.2 bp −$542	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 37 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	−0.0136%	8h	0.4632	−0.451%	$61K	$4.4M	1.7x	as long as short
KuCoin WLDUSDTMlong	−0.0036%	8h	0.4653	long leg	$7.1M	$11.5M	50x
dYdX WLD-USD	0.0000%	1h	0.4633	−0.424%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4637	−0.344%	$120K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4636	−0.365%	$56K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0067%	8h	0.4636	−0.365%	$28K	$895K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4670	+0.372%	$5K	$54K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4646	−0.159%	$178K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4637	−0.342%	$51K	$510K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4662	+0.199%	$88.7M	$323.3M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4668	+0.322%	$66.8M	$87.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4671	+0.387%	$35.1M	$150.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4648	−0.107%	$7.3M	$36.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4661	+0.172%	$45.8M	$54.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4672	+0.408%	$31.1M	$29.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4662	+0.193%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4645	−0.181%	$136K	$285K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4667	+0.294%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4669	+0.349%	$28K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4667	+0.301%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4658	+0.107%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4633	−0.432%	$65K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4640	−0.279%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4634	−0.408%	$294	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4634	−0.408%	$847K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4636	−0.365%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4651	−0.045%	$214K	$887K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4638	−0.316%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4630	−0.499%	—	—	20x
Nado WLD-PERP	+0.0165%	1h	0.4633	−0.419%	$269K	$187K	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4637	−0.337%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4636	−0.376%	$332	$80	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4660	+0.150%	$276K	$1.7M	50x	as long as short
Lighter WLD	+0.0608%	1h	0.4645	−0.172%	$5.3M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.0638%	1h	0.4677	+0.527%	$52.0M	$43.4M	10x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4650	−0.064%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0893%	1h	0.4639	−0.309%	$901K	$2.9M	50x	as long as short