Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h —

Price spread now: OKX against Reya−0.092%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 OKX

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.092% cheaper against Reya than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4604	0.0134	pay 0.0017% / 1h	51m 01s	—	—	20x
Short	OKX WLD-USDT-SWAP	0.4600	0.0100	get 0.0100% / 8h	3h 51m	$34.6M	$151.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$7.11
Price spread: −0.092% → 0.000%: −$9.23
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$32.34
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	1.09 bp	8.2 bp −$8	16.6 bp −$166	227.6 bp −$22.8K	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
Nado WLD-PERP	−0.0040%	1h	0.4606	+0.027%	$244K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4611	+0.151%	$157K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4607	+0.060%	$43K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4604	−0.005%	$125K	$959K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4605	+0.011%	$67K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0020%	8h	0.4600	−0.092%	$6.9M	$11.7M	50x	as long as short
Polymarket Perps WLD-USD	+0.0075%	1h	0.4604	−0.014%	$40K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4604	−0.005%	$28K	$884K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4612	+0.167%	$214K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4611	+0.147%	$49K	$525K	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	0.4603	−0.027%	$87.4M	$329.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4600	−0.092%	$65.6M	$89.8M	50x	as long as short
OKX WLD-USDT-SWAPshort	+0.0100%	8h	0.4600	−0.092%	$34.6M	$151.8M	50x
Gate WLD_USDT	+0.0100%	8h	0.4601	−0.071%	$7.3M	$36.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4600	−0.092%	$43.6M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4600	−0.092%	$30.5M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4602	−0.049%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4602	−0.042%	$137K	$301K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4604	−0.012%	$2.2M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4604	−0.001%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4614	+0.204%	$607K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4612	+0.168%	$44K	$237K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4612	+0.168%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4601	−0.071%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4600	−0.092%	$841K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4602	−0.049%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4601	−0.067%	$221K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4606	+0.036%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4604	long leg	—	—	20x
Injective WLD/USDC PERP	+0.0142%	1h	0.4564	−0.874%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4597	−0.149%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4600	−0.092%	$4.8M	$835K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4604	+0.005%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0312%	1h	0.4609	+0.103%	$330	$80	5x	as long as short
Hyperliquid WLD	+0.0494%	1h	0.4608	+0.073%	$50.7M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0516%	1h	0.4599	−0.122%	$887K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4609	+0.103%	$271K	$1.7M	50x	as long as short
Lighter WLD	+0.0808%	1h	0.4609	+0.110%	$5.2M	$2.6M	10x	as long as short