Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h —

Price spread now: Reya against SoDEX−0.046%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Reya

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. Reya is 0.046% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX WLD-USD	0.4575	0.0100	pay 0.0013% / 1h	17m 34s	$205	$5K	10x
Short	Reya WLDRUSDPERP	0.4573	0.0134	get 0.0017% / 1h	17m 34s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SoDEX. 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 SoDEXbpFee ReyabpOrdersPrice spread, now −0.046%Rate

Funding earned: $7.11
Price spread: −0.046% → 0.000%: −$4.55
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$11.45
Costs to cover: 0.140%
Break-even: 18.3 days

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

SoDEX and 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	−0.0309%	8h	0.4573	−0.044%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+1.049%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4574	−0.025%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4576	+0.022%	$108K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4575	−0.007%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0003%	8h	0.4573	−0.044%	$28K	$913K	10x	as long as short
KuCoin WLDUSDTM	+0.0006%	8h	0.4571	−0.087%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0052%	1h	0.4571	−0.087%	$275K	$169K	5x	as long as short
Variational Omni WLD	+0.0084%	8h	0.4578	+0.064%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4574	−0.021%	$200K	$999K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4573	−0.036%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4571	−0.080%	$86.4M	$297.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4570	−0.109%	$65.5M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4568	−0.153%	$34.2M	$141.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4570	−0.109%	$7.4M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4573	−0.044%	$48.9M	$52.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4570	−0.109%	$30.1M	$25.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4572	−0.066%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4573	−0.042%	$129K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4580	+0.118%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4578	+0.067%	$615K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	+0.109%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4576	+0.026%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4580	+0.109%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USDlong	+0.0100%	1h	0.4575	long leg	$205	$5K	10x
HTX WLD-USDT	+0.0100%	8h	0.4578	+0.066%	$864K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4574	−0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4570	−0.107%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4576	+0.022%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4583	+0.177%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4573	−0.046%	—	—	20x
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4578	+0.056%	$908K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4574	−0.022%	$4.9M	$813K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4575	−0.009%	$327	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4575	−0.004%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4586	+0.240%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0742%	1h	0.4579	+0.096%	$49.8M	$43.1M	10x	as long as short
Lighter WLD	+0.0968%	1h	0.4584	+0.190%	$5.2M	$2.1M	10x	as long as short