Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h —

Price spread now: Reya against MEXC−0.027%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 0.027% cheaper against MEXC than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.7 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	MEXC WLD_USDT	0.4554	0.0100	pay 0.0100% / 8h	2h 12m	$39.6M	$56.2M	300x
Short	Reya WLDRUSDPERP	0.4553	0.0134	get 0.0017% / 1h	12m 51s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against MEXC. 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 MEXCbpFee ReyabpOrdersPrice spread, now −0.027%Rate

Funding earned: $7.11
Price spread: −0.027% → 0.000%: −$2.72
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$1.62
Costs to cover: 0.060%
Break-even: 8.6 days

Slippage unknown: MEXC: 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 MEXC live order book, 1 min ago	1.10 bp	2.0 bp −$2	5.6 bp −$56	21.2 bp −$2,123	68.2 bp −$34.1K
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	−0.0047%	1h	0.4548	−0.121%	$242K	$209K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4548	−0.138%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4544	−0.220%	$47K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4553	−0.025%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0053%	8h	0.4553	−0.022%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4554	+0.007%	$326	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0093%	1h	0.4552	−0.044%	$40K	$2.4M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4554	0.000%	$28K	$790K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4552	−0.034%	$227K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4549	−0.117%	$51K	$539K	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	0.4556	+0.044%	$86.9M	$338.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4555	+0.022%	$64.9M	$91.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4556	+0.044%	$34.4M	$155.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4555	+0.022%	$7.2M	$37.7M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4554	long leg	$39.6M	$56.2M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4554	0.000%	$30.1M	$31.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4554	0.000%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4557	+0.072%	$135K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4542	−0.269%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4543	−0.233%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4547	−0.154%	$607K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4541	−0.285%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4555	+0.022%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4552	−0.044%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4548	−0.132%	$832K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4552	−0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4552	−0.039%	$222K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4554	+0.006%	$31K	$500	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4553	−0.027%	—	—	20x
Phoenix WLD	+0.0142%	1h	0.4534	−0.444%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0144%	1h	0.4558	+0.083%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.220%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0189%	1h	0.4555	+0.022%	$145K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4553	−0.022%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4557	+0.066%	$4.8M	$925K	75x	as long as short
Hyperliquid WLD	+0.0328%	1h	0.4563	+0.195%	$49.5M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0497%	1h	0.4556	+0.044%	$867K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4560	+0.132%	$278K	$1.7M	50x	as long as short