Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0543%/8h= +59.4% APRnext payment +$0.68 per $10,000 · paid last 24h —

Price spread now: Injective against Reya+0.168%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 Injective

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

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Injective is 0.168% dearer against Reya than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4628	0.0134	pay 0.0017% / 1h	13m 12s	—	—	20x
Short	Injective WLD/USDC PERP	0.4636	0.0677	get 0.0085% / 1h	13m 12s	$6K	$185K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.168%Rate

Funding earned: $114
Price spread: +0.168% → 0.000%: $16.85
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $124.83
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Injective: live order book, 16 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 Injective live order book, 16 min ago	60.88 bp	doesn't fit	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	−0.0121%	8h	0.4629	+0.017%	$46K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0024%	8h	0.4621	−0.156%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4634	+0.127%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4625	−0.069%	$120K	$920K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4628	−0.008%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0009%	1h	0.4631	+0.050%	$268K	$187K	5x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4632	+0.082%	$331	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0077%	8h	0.4623	−0.112%	$28K	$890K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4631	+0.065%	$174K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4635	+0.147%	$49K	$511K	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	0.4621	−0.154%	$87.9M	$326.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4620	−0.177%	$66.1M	$88.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4621	−0.156%	$34.9M	$149.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4628	−0.004%	$7.3M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4620	−0.177%	$45.6M	$54.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4620	−0.177%	$30.7M	$29.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4627	−0.026%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4621	−0.149%	$134K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4639	+0.225%	$2.2M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4634	+0.131%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4635	+0.138%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4633	+0.104%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4633	+0.106%	$55K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4629	+0.017%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4623	−0.112%	$177	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	−0.091%	$845K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4621	−0.156%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4622	−0.138%	$214K	$929K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4624	−0.099%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4628	long leg	—	—	20x
Phoenix WLD	+0.0172%	1h	0.4653	+0.540%	$5K	$57K	10x	as long as short
Lighter WLD	+0.0184%	1h	0.4629	+0.028%	$5.0M	$2.3M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4622	−0.134%	$5.0M	$803K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4627	−0.036%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0478%	1h	0.4640	+0.246%	$51.6M	$42.7M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4640	+0.255%	$274K	$1.7M	50x	as long as short
Injective WLD/USDC PERPshort	+0.0677%	1h	0.4636	+0.168%	$6K	$185K	5.5x
Kraken Futures PF_WLDUSD	+0.0895%	1h	0.4625	−0.075%	$895K	$2.9M	50x	as long as short