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% APRpaid last 24h —

Price spread now: Reya against SunX−0.033%50s7-day average — · you buy dearer than you sell

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

Long on SunX 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 0.033% cheaper against SunX than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3.2 days of funding at the current rate (+$1 a day). The two prices were read 50 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	SunX WLD-USDT	0.4590	0.0100	pay 0.0100% / 8h	1h 35m	$23K	$1.5M	50x
Short	Reya WLDRUSDPERP	0.4588	0.0134	get 0.0017% / 1h	35m 23s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SunX. 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 SunXbpFee ReyabpOrdersPrice spread, now −0.033%Rate

Funding earned: $7.11
Price spread: −0.033% → 0.000%: −$3.28
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$10.17
Costs to cover: 0.140%
Break-even: 17.0 days

Slippage unknown: SunX: live order book, 9 min ago; 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 SunX live order book, 9 min ago	29.34 bp	39.2 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	−0.0374%	8h	0.4582	−0.174%	$44K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+0.719%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0004%	8h	0.4587	−0.065%	$28K	$914K	10x	as long as short
KuCoin WLDUSDTM	−0.0002%	8h	0.4587	−0.065%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4584	−0.120%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4585	−0.109%	$107K	$890K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4588	−0.049%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0056%	8h	0.4588	−0.044%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0068%	1h	0.4589	−0.022%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4586	−0.077%	$216K	$988K	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	0.4585	−0.098%	$51K	$480K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4587	−0.076%	$87.0M	$296.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4587	−0.065%	$65.9M	$81.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4584	−0.131%	$34.3M	$141.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4586	−0.087%	$7.5M	$35.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4587	−0.065%	$49.2M	$51.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4585	−0.109%	$30.2M	$25.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4587	−0.065%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4581	−0.200%	$127K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4589	−0.024%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4590	+0.008%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4625	+0.763%	$56K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4590	−0.004%	$47K	$1.6M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4590	long leg	$23K	$1.5M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4581	−0.196%	$202	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4583	−0.153%	$865K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4576	−0.305%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4585	−0.115%	$241K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4587	−0.075%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4603	+0.292%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4588	−0.033%	—	—	20x
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4584	−0.133%	$919K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4585	−0.109%	$4.9M	$815K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4590	−0.009%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4587	−0.067%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4586	−0.087%	$270K	$1.6M	50x	as long as short
Lighter WLD	+0.0904%	1h	0.4595	+0.109%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.1028%	1h	0.4596	+0.122%	$50.0M	$43.1M	10x	as long as short