Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.06 per $10,000 · paid last 24h —

Price spread now: Deribit against Reya−0.091%49s7-day average — · you buy dearer than you sell

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

Long on Reya Short on Deribit

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. Deribit is 0.091% cheaper against Reya than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5.9 days of funding at the current rate (+$2 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4596	0.0134	pay 0.0017% / 1h	25m 24s	—	—	20x
Short	Deribit WLD_USDC-PERPETUAL	0.4592	0.0186	get 0.0023% / 1h	25m 24s	$119K	$942K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpOrdersPrice spread, now −0.091%Rate

Funding earned: $10.9
Price spread: −0.091% → 0.000%: −$9.13
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$11.23
Costs to cover: 0.130%
Break-even: 14.2 days

Slippage unknown: Reya: no order-book sample; Deribit: live order book, 34 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 Deribit live order book, 34 min ago	3.28 bp	6.8 bp −$7	doesn't fit	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	−0.0101%	8h	0.4590	−0.135%	$39K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0041%	1h	0.4595	−0.026%	$243K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0013%	8h	0.4596	−0.004%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4589	−0.155%	$157K	$33K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4595	−0.030%	$67K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4544	−1.136%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0093%	8h	0.4590	−0.135%	$28K	$886K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4595	−0.024%	$5.0M	$2.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4595	−0.020%	$211K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4591	−0.103%	$49K	$527K	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	0.4595	−0.017%	$87.1M	$328.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4595	−0.026%	$65.4M	$89.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4597	+0.018%	$34.4M	$150.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4592	−0.091%	$7.2M	$37.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4596	−0.004%	$43.9M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4596	−0.004%	$30.3M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4592	−0.091%	—	$67.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4593	−0.059%	$137K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4590	−0.142%	$2.2M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4592	−0.086%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4596	−0.004%	$608K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4591	−0.113%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4593	−0.061%	$47K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4593	−0.070%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4593	−0.070%	$171	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4583	−0.287%	$838K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4594	−0.048%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4592	−0.096%	$221K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4592	−0.091%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4596	long leg	—	—	20x
01 Exchange WLDUSD	+0.0144%	1h	0.4596	−0.011%	$329	$80	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4598	+0.033%	$5K	$52K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	+0.0186%	1h	0.4592	−0.091%	$119K	$942K	25x
BloFin WLD-USDT	+0.0220%	8h	0.4592	−0.091%	$4.8M	$834K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4589	−0.164%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0323%	1h	0.4602	+0.126%	$50.6M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0478%	1h	0.4596	−0.012%	$889K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4608	+0.257%	$270K	$1.7M	50x	as long as short