Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h —

Price spread now: Aster against Reya+0.105%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.105% dearer against Reya than usual: you sell high and buy low (spread +0.105% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4538	0.0134	pay 0.0017% / 1h	43m 32s	—	—	20x
Short	Aster WLDUSDT	0.4543	0.0100	get 0.0100% / 8h	2h 43m	$208K	$975K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$7.11
Price spread: +0.105% → 0.000%: $10.5
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.61
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aster: live order book, 44 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 44 min ago	3.28 bp	21.3 bp −$21	42.8 bp −$428	doesn't fit	doesn't fit

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	−0.0542%	8h	0.4537	−0.019%	$32K	$3.8M	1.7x	as long as short
Variational Omni WLD	−0.0042%	8h	0.4558	+0.434%	$2.1M	$1.6M	—	as long as short
Orderly PERP_WLD_USDC	−0.0028%	8h	0.4540	+0.048%	$28K	$918K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4547	+0.199%	$155K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4541	+0.070%	$144K	$803K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4542	+0.103%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0013%	8h	0.4543	+0.114%	$7.1M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0050%	8h	0.4542	+0.092%	$34.1M	$137.4M	50x	as long as short
Phoenix WLD	+0.0052%	1h	0.4561	+0.515%	$5K	$52K	10x	as long as short
Nado WLD-PERP	+0.0052%	1h	0.4541	+0.070%	$271K	$168K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0085%	8h	0.4544	+0.136%	$65.6M	$79.6M	50x	as long as short
MEXC WLD_USDT	+0.0099%	8h	0.4545	+0.158%	$52.8M	$46.9M	300x	as long as short
Aster WLDUSDTshort	+0.0100%	8h	0.4543	+0.105%	$208K	$975K	50x
Pacifica WLD	+0.0100%	1h	0.4545	+0.163%	$53K	$473K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4545	+0.156%	$86.0M	$291.0M	75x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4544	+0.136%	$7.4M	$34.3M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4540	+0.048%	$30.1M	$25.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4544	+0.136%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4542	+0.085%	$128K	$279K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4547	+0.212%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4538	+0.009%	$613K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4539	+0.026%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4543	+0.125%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4542	+0.092%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4538	+0.004%	$196	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4539	+0.026%	$856K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4541	+0.070%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4544	+0.130%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4540	+0.048%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4538	long leg	—	—	20x
Hyperliquid WLD	+0.0173%	1h	0.4550	+0.277%	$47.2M	$40.5M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4544	+0.127%	$12K	—	100x	as long as short
BloFin WLD-USDT	+0.0219%	8h	0.4540	+0.048%	$5.0M	$831K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.855%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4546	+0.180%	$285K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0560%	1h	0.4549	+0.237%	$325	$77	5x	as long as short
Lighter WLD	+0.1056%	1h	0.4553	+0.343%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1098%	1h	0.4543	+0.110%	$924K	$2.6M	50x	as long as short