Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h —

Price spread now: Reya against BingX−0.181%7-day average — · you buy dearer than you sell

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

Long on BingX 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 0.181% cheaper against BingX than usual: you would sell low and buy high (spread −0.181% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 18 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	BingX WLD-USDT	0.4540	0.0100	pay 0.0100% / 8h	1h 46m	—	$70.2M	—
Short	Reya WLDRUSDPERP	0.4532	0.0134	get 0.0017% / 1h	46m 29s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BingX. 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 BingXbpFee ReyabpOrdersPrice spread, now −0.181%Rate

Funding earned: $7.11
Price spread: −0.181% → 0.000%: −$18.09
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$26.99
Costs to cover: 0.160%
Break-even: 33.6 days

Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago	2.20 bp	7.2 bp −$7	10.5 bp −$105	24.9 bp −$2,493	112.8 bp −$56.4K
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
Nado WLD-PERP	−0.0022%	1h	0.4546	+0.132%	$239K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4541	+0.024%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4547	+0.154%	$59K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4542	+0.044%	$151K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4542	+0.040%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0081%	8h	0.4538	−0.044%	$6.7M	$11.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4541	+0.022%	$27K	$789K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4538	−0.043%	$227K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4541	+0.017%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4534	−0.132%	$86.5M	$340.0M	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	0.4534	−0.132%	$64.7M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4533	−0.154%	$34.3M	$155.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4539	−0.022%	$7.2M	$36.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4538	−0.044%	$40.3M	$56.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4534	−0.132%	$29.9M	$31.3M	75x	as long as short
BingX WLD-USDTlong	+0.0100%	8h	0.4540	long leg	—	$70.2M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4541	+0.033%	$132K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4541	+0.017%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4542	+0.053%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4546	+0.135%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4544	+0.088%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4532	−0.178%	$56K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4547	+0.154%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4541	+0.022%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4538	−0.044%	$830K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4541	+0.022%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4537	−0.060%	$209K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4541	+0.033%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4541	+0.022%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4532	−0.181%	—	—	20x
01 Exchange WLDUSD	+0.0136%	1h	0.4535	−0.101%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4542	+0.055%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4540	+0.009%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4538	−0.044%	$4.8M	$937K	75x	as long as short
Lighter WLD	+0.0256%	1h	0.4545	+0.101%	$4.9M	$2.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4548	+0.176%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0729%	1h	0.4540	+0.009%	$49.8M	$44.8M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1042%	1h	0.4541	+0.024%	$870K	$2.9M	50x	as long as short