Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0362%/8h= −39.7% APRnext payment −$0.45 per $10,000 · paid last 24h —

Price spread now: Reya against Coinbase International−0.345%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Reya is 0.345% cheaper against Coinbase International than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WLD-PERP-INTX	0.4575	0.0496	pay 0.0062% / 1h	39m 31s	$269K	$1.7M	50x
Short	Reya WLDRUSDPERP	0.4559	0.0134	get 0.0017% / 1h	39m 31s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Coinbase International. 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 Coinbase InternationalbpFee ReyabpOrdersPrice spread, now −0.345%Rate

Funding earned: −$76.05
Price spread: −0.345% → 0.000%: −$34.51
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$126.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago	7.66 bp	19.1 bp −$19	28.9 bp −$289	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	−0.0105%	8h	0.4570	−0.109%	$57K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0062%	1h	0.4561	−0.306%	$242K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0032%	8h	0.4547	−0.612%	$6.9M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4545	−0.652%	$155K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4557	−0.393%	$118K	$927K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4556	−0.418%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	−0.372%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4549	−0.577%	$325	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0086%	8h	0.4555	−0.437%	$28K	$888K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4554	−0.468%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4554	−0.466%	$199K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4548	−0.587%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4546	−0.634%	$86.2M	$327.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4544	−0.678%	$64.7M	$88.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4544	−0.678%	$34.1M	$148.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4544	−0.678%	$7.1M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4546	−0.634%	$44.1M	$53.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4544	−0.678%	$30.0M	$30.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4544	−0.678%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4554	−0.461%	$135K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4554	−0.467%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4565	−0.217%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4571	−0.090%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4557	−0.393%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4559	−0.343%	$48K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4565	−0.219%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4554	−0.459%	$174	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	−0.372%	$834K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4553	−0.481%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4542	−0.725%	$218K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4557	−0.389%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4559	−0.345%	—	—	20x
Phoenix WLD	+0.0158%	1h	0.4569	−0.122%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0175%	1h	0.4554	−0.466%	$50.0M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4562	−0.284%	$4.9M	$850K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4558	−0.372%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0481%	1h	0.4559	−0.351%	$882K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTXlong	+0.0496%	1h	0.4575	long leg	$269K	$1.7M	50x