Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h —

Price spread now: Phoenix against Reya−0.038%59s7-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 Phoenix

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. Phoenix is 0.038% cheaper against Reya than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5.4 days of funding at the current rate (+$1 a day). The two prices were read 59 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	0.4568	0.0134	pay 0.0017% / 1h	57m 41s	—	—	20x
Short	Phoenix WLD	0.4567	0.0158	get 0.0020% / 1h	57m 41s	$5K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.038%Rate

Funding earned: $5
Price spread: −0.038% → 0.000%: −$3.85
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$11.85
Costs to cover: 0.130%
Break-even: 23.6 days

Slippage unknown: Reya: no order-book sample; Phoenix: 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 Phoenix no order-book sample	—	—	—	—	—

Reya and Phoenix: 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
dYdX WLD-USD	0.0000%	1h	0.4571	+0.054%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4569	+0.016%	$54K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4573	+0.104%	$124K	$963K	25x	as long as short
Polymarket Perps WLD-USD	+0.0001%	1h	0.4569	+0.012%	$40K	$2.2M	10x	as long as short
Nado WLD-PERP	+0.0001%	1h	0.4573	+0.104%	$242K	$205K	5x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4570	+0.035%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0012%	8h	0.4575	+0.148%	$6.9M	$11.7M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4572	+0.082%	$28K	$885K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4576	+0.169%	$212K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4574	+0.133%	$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	0.4571	+0.058%	$86.6M	$329.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4568	−0.006%	$65.0M	$89.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4566	−0.049%	$34.4M	$150.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4575	+0.148%	$7.3M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4569	+0.016%	$43.3M	$54.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4565	−0.071%	$30.2M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4568	−0.006%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4577	+0.202%	$136K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4567	−0.034%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4565	−0.071%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4567	−0.028%	$604K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4567	−0.028%	$43K	$238K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4581	+0.279%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4572	+0.082%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4572	+0.082%	$836K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4578	+0.213%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4574	+0.120%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4572	+0.081%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4568	long leg	—	—	20x
Injective WLD/USDC PERP	+0.0142%	1h	0.4583	+0.323%	$6K	$185K	5.5x	as long as short
Phoenix WLDshort	+0.0158%	1h	0.4567	−0.038%	$5K	$51K	10x
BloFin WLD-USDT	+0.0220%	8h	0.4573	+0.104%	$4.9M	$831K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4569	+0.026%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0328%	1h	0.4575	+0.141%	$327	$80	5x	as long as short
Hyperliquid WLD	+0.0417%	1h	0.4582	+0.310%	$50.4M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0519%	1h	0.4578	+0.207%	$884K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4580	+0.257%	$269K	$1.7M	50x	as long as short
Lighter WLD	+0.0640%	1h	0.4581	+0.285%	$5.1M	$2.5M	10x	as long as short