Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h —

Price spread now: Reya against Extended+0.065%7-day average — · you sell dearer than you buy

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

Long on Extended 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 airdropExtended: Active · Reya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Reya is 0.065% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLD-USD	0.4592	0.0104	pay 0.0013% / 1h	45m 32s	$239K	$855K	10x
Short	Reya WLDRUSDPERP	0.4595	0.0134	get 0.0017% / 1h	45m 32s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Extended. 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 ExtendedbpFee ReyabpOrdersPrice spread, now +0.065%Rate

Funding earned: $6.27
Price spread: +0.065% → 0.000%: $6.49
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Reya: 3 bp × 2 orders: −$6
Net: $1.76
Costs to cover: 0.110%
Break-even: 5.0 days

Slippage unknown: Extended: live order book, 38 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 Extended live order book, 38 min ago	1.10 bp	5.6 bp −$6	13.1 bp −$131	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	−0.0427%	8h	0.4580	−0.253%	$47K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4522	−1.517%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0008%	8h	0.4590	−0.036%	$28K	$914K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4591	−0.014%	$157K	$6K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4584	−0.161%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0008%	8h	0.4589	−0.057%	$7.1M	$10.7M	50x	as long as short
Variational Omni WLD	+0.0045%	8h	0.4543	−1.057%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0070%	1h	0.4595	+0.073%	$277K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4592	−0.002%	$215K	$974K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4592	+0.010%	$51K	$480K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4595	+0.073%	$86.8M	$294.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4595	+0.073%	$65.6M	$80.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4595	+0.073%	$34.4M	$140.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4591	−0.014%	$7.5M	$34.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4591	−0.014%	$52.8M	$50.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4594	+0.051%	$30.3M	$25.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4593	+0.030%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4589	−0.051%	$127K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4574	−0.390%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4585	−0.147%	$625K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4574	−0.384%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4597	+0.128%	$47K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4592	+0.008%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4587	−0.101%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.123%	$866K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4587	−0.101%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USDlong	+0.0104%	1h	0.4592	long leg	$239K	$855K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4591	−0.020%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4558	−0.726%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4595	+0.065%	—	—	20x
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4591	−0.016%	$922K	$2.6M	50x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0186%	1h	0.4592	+0.008%	$107K	$909K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4571	−0.449%	$4.8M	$815K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4597	+0.123%	$329	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4585	−0.146%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4581	−0.232%	$280K	$1.6M	50x	as long as short
Lighter WLD	+0.0928%	1h	0.4602	+0.221%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.1186%	1h	0.4599	+0.167%	$49.9M	$42.8M	10x	as long as short