Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h —

Price spread now: Extended against Reya+0.201%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 Extended

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 · Extended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Extended is 0.201% dearer against Reya than usual: you sell high and buy low (spread +0.201% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4560	0.0134	pay 0.0017% / 1h	27m 46s	—	—	20x
Short	Extended WLD-USD	0.4570	0.0104	get 0.0013% / 1h	27m 46s	$133K	$745K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.201%Rate

Funding earned: −$6.27
Price spread: +0.201% → 0.000%: $20.13
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $2.86
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Extended: live order book, 60 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 Extended live order book, 60 min ago	2.18 bp	4.7 bp −$5	9.9 bp −$99	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	−0.0472%	8h	0.4567	+0.146%	$44K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0024%	8h	0.4563	+0.058%	$28K	$917K	10x	as long as short
Variational Omni WLD	−0.0021%	8h	0.4554	−0.133%	$2.1M	$1.6M	—	as long as short
dYdX WLD-USD	0.0000%	1h	0.4570	+0.208%	$156K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4564	+0.080%	$129K	$901K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4562	+0.026%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0013%	8h	0.4567	+0.146%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0040%	1h	0.4561	+0.014%	$272K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4552	−0.189%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0065%	8h	0.4568	+0.168%	$34.2M	$138.7M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLD	+0.0100%	1h	0.4574	+0.291%	$47.3M	$40.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4571	+0.226%	$216K	$981K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4570	+0.215%	$51K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4569	+0.190%	$86.1M	$292.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4567	+0.146%	$65.3M	$80.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4569	+0.190%	$7.5M	$34.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4569	+0.190%	$53.8M	$47.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4569	+0.190%	$30.3M	$25.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4569	+0.190%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4568	+0.168%	$129K	$272K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4552	−0.181%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4563	+0.057%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4555	−0.117%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4561	+0.019%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4568	+0.168%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4562	+0.036%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	+0.168%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4563	+0.058%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USDshort	+0.0104%	1h	0.4570	+0.201%	$133K	$745K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4565	+0.102%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4560	long leg	—	—	20x
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4561	+0.025%	$12K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4571	+0.234%	$4.9M	$812K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.352%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4569	+0.190%	$280K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0416%	1h	0.4568	+0.166%	$327	$77	5x	as long as short
Lighter WLD	+0.1032%	1h	0.4578	+0.383%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1093%	1h	0.4564	+0.090%	$924K	$2.6M	50x	as long as short