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 Binance−0.196%7-day average — · you buy dearer than you sell

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

Long on Binance 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 0.196% cheaper against Binance than usual: you would sell low and buy high (spread −0.196% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 19 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	Binance WLDUSDT	0.4580	0.0100	pay 0.0100% / 8h	1h 46m	$86.3M	$294.3M	75x
Short	Reya WLDRUSDPERP	0.4571	0.0134	get 0.0017% / 1h	46m 55s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BinancebpFee ReyabpOrdersPrice spread, now −0.196%Rate

Funding earned: $7.11
Price spread: −0.196% → 0.000%: −$19.6
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$28.5
Costs to cover: 0.160%
Break-even: 35.1 days

Slippage unknown: Binance: live order book, 12 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 Binance live order book, 12 min ago	1.11 bp	6.9 bp −$7	13.8 bp −$138	61.4 bp −$6,138	229.9 bp −$114.9K
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	−0.0438%	8h	0.4574	−0.124%	$44K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4522	−1.259%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0009%	8h	0.4574	−0.124%	$28K	$914K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4575	−0.101%	$156K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4576	−0.080%	$121K	$894K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4572	−0.167%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0007%	8h	0.4579	−0.015%	$7.1M	$10.7M	50x	as long as short
Variational Omni WLD	+0.0045%	8h	0.4543	−0.798%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0075%	1h	0.4571	−0.195%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4574	−0.113%	$214K	$974K	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	0.4577	−0.057%	$51K	$480K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4580	long leg	$86.3M	$294.3M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4582	+0.051%	$65.4M	$80.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4582	+0.051%	$34.3M	$140.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4574	−0.124%	$7.5M	$34.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4582	+0.051%	$52.8M	$50.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4581	+0.029%	$30.4M	$25.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4575	−0.102%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4575	−0.093%	$130K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4547	−0.719%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4551	−0.623%	$621K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4565	−0.320%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4574	−0.115%	$47K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4579	−0.015%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4573	−0.146%	$200	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	−0.255%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4571	−0.189%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4582	+0.058%	$239K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4576	−0.071%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4558	−0.467%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4571	−0.196%	—	—	20x
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4578	−0.046%	$920K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4571	−0.189%	$4.8M	$815K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4578	−0.043%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4571	−0.186%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4577	−0.058%	$280K	$1.6M	50x	as long as short
Lighter WLD	+0.0936%	1h	0.4583	+0.084%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.1186%	1h	0.4582	+0.053%	$49.7M	$42.8M	10x	as long as short