Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0833%/8h= +91.2% APRnext payment +$1.04 per $10,000 · paid last 24h —

Price spread now: GMX against Reya−0.001%7-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 GMX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$25 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4485	0.0134	pay 0.0017% / 1h	2m 40s	—	—	20x
Short	GMX WLD/USD [ETH-USDC]	0.4485	L +0.0219% / S −0.0967%	get 0.0121% / 1h	2m 40s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.001%Rate

Funding earned: $174.98
Price spread: −0.001% → 0.000%: −$0.11
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $156.87
Costs to cover: 0.180%
Break-even: 0.7 days

Slippage unknown: Reya: no order-book sample; GMX: 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 Reya no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Reya and GMX: 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	−0.0031%	1h	0.4482	−0.073%	$238K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4480	−0.123%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4484	−0.028%	$61K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4486	+0.016%	$118K	$988K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0002%	1h	0.4486	+0.015%	$68K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0029%	8h	0.4477	−0.184%	$6.7M	$11.8M	50x	as long as short
Polymarket Perps WLD-USD	+0.0095%	1h	0.4483	−0.046%	$99K	$2.3M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4484	−0.028%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4483	−0.040%	$219K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4480	−0.113%	$50K	$526K	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	0.4479	−0.139%	$85.0M	$334.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4476	−0.207%	$63.8M	$91.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4477	−0.184%	$33.6M	$150.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4477	−0.184%	$7.1M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4478	−0.162%	$39.3M	$56.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4477	−0.184%	$29.5M	$30.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4477	−0.184%	—	$68.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4482	−0.073%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4508	+0.500%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4503	+0.391%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4494	+0.195%	$596K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4511	+0.574%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4491	+0.128%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4484	−0.028%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4483	−0.051%	$819K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4489	+0.083%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4474	−0.244%	$223K	$995K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4486	+0.007%	$30K	$600	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4485	long leg	—	—	20x
Injective WLD/USDC PERP	+0.0142%	1h	0.4538	+1.176%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4513	+0.620%	$5K	$52K	10x	as long as short
01 Exchange WLDUSD	+0.0208%	1h	0.4475	−0.233%	$320	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0219% / S −0.0967%	1h	0.4485	−0.001%	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4485	−0.006%	$4.8M	$902K	75x	as long as short
Hyperliquid WLD	+0.0257%	1h	0.4486	+0.007%	$48.6M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0529%	1h	0.4486	+0.016%	$859K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4487	+0.039%	$264K	$1.6M	50x	as long as short
Lighter WLD	+0.0568%	1h	0.4485	−0.006%	$4.9M	$2.9M	10x	as long as short