Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h —

Price spread now: SunX against Reya+0.084%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 SunX

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 pays, funding is against you. SunX is 0.084% dearer against Reya than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4730	0.0134	pay 0.0017% / 1h	7m 11s	—	—	20x
Short	SunX WLD-USDT	0.4734	0.0100	get 0.0100% / 8h	7h 07m	$24K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$7.11
Price spread: +0.084% → 0.000%: $8.45
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$12.66
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	30.36 bp	48.8 bp −$49	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	−0.0161%	8h	0.4734	+0.084%	$30K	$4.0M	1.7x	as long as short
Nado WLD-PERP	−0.0025%	1h	0.4733	+0.053%	$275K	$178K	5x	as long as short
KuCoin WLDUSDTM	−0.0014%	8h	0.4732	+0.042%	$7.1M	$11.2M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4730	−0.007%	$169K	$12K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4729	−0.021%	$56K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4744	+0.296%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0050%	8h	0.4730	0.000%	$29K	$900K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4730	+0.002%	$208K	$995K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4732	+0.042%	$56K	$485K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4733	+0.072%	$90.5M	$311.0M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4732	+0.042%	$68.6M	$83.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4731	+0.021%	$35.9M	$150.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4733	+0.063%	$7.6M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4734	+0.084%	$49.4M	$55.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4735	+0.106%	$31.7M	$27.4M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4735	+0.106%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4737	+0.146%	$140K	$277K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4717	−0.281%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4721	−0.192%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4728	−0.034%	$624K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4723	−0.148%	$57K	$232K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4734	+0.076%	$45K	$1.8M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4734	+0.084%	$24K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4729	−0.021%	$230	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4731	+0.021%	$900K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4726	−0.085%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4729	−0.020%	$218K	$894K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4732	+0.032%	$32K	$600	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4730	long leg	—	—	20x
Phoenix WLD	+0.0157%	1h	0.4726	−0.085%	$5K	$53K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0173%	1h	0.4732	+0.042%	$136K	$863K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4732	+0.042%	$5.1M	$880K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4731	+0.020%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4735	+0.101%	$339	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0318%	1h	0.4734	+0.085%	$943K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4737	+0.148%	$277K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0880%	1h	0.4744	+0.294%	$53.2M	$44.0M	10x	as long as short
Lighter WLD	+0.0992%	1h	0.4741	+0.239%	$5.4M	$2.0M	10x	as long as short