Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h —

Price spread now: Reya against Gate−0.027%7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.027% cheaper against Gate than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.7 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	Gate WLD_USDT	0.4527	0.0100	pay 0.0100% / 8h	3h 21m	$7.2M	$36.6M	75x
Short	Reya WLDRUSDPERP	0.4526	0.0134	get 0.0017% / 1h	21m 59s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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 GatebpFee ReyabpOrdersPrice spread, now −0.027%Rate

Funding earned: $7.11
Price spread: −0.027% → 0.000%: −$2.73
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: −$16.62
Costs to cover: 0.210%
Break-even: 23.4 days

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	1.10 bp	15.1 bp −$15	33.9 bp −$339	51.8 bp −$5,180	118.9 bp −$59.4K
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	−0.0026%	1h	0.4526	−0.033%	$240K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4519	−0.173%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4520	−0.155%	$86K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4528	+0.018%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0028%	8h	0.4527	0.000%	$6.9M	$11.7M	50x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4524	−0.058%	$208K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4522	−0.109%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4526	−0.021%	$86.3M	$330.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4523	−0.088%	$64.4M	$90.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4522	−0.110%	$34.2M	$150.3M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLD_USDTlong	+0.0100%	8h	0.4527	long leg	$7.2M	$36.6M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4526	−0.022%	$40.0M	$55.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4537	+0.221%	$30.0M	$30.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4526	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4527	+0.009%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4546	+0.412%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4554	+0.604%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4542	+0.339%	$601K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4557	+0.663%	$43K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4527	−0.004%	$39K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4527	0.000%	$28K	$868K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4532	+0.110%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4527	0.000%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4518	−0.199%	$826K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4527	0.000%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4525	−0.044%	$214K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4526	−0.017%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4526	−0.027%	—	—	20x
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+1.082%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4552	+0.563%	$5K	$52K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0192%	1h	0.4529	+0.044%	$123K	$973K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4534	+0.155%	$4.9M	$888K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4527	−0.006%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0288%	1h	0.4526	−0.015%	$324	$55	5x	as long as short
Hyperliquid WLD	+0.0373%	1h	0.4530	+0.068%	$49.7M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0524%	1h	0.4530	+0.061%	$880K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4536	+0.199%	$265K	$1.6M	50x	as long as short
Lighter WLD	+0.0824%	1h	0.4536	+0.208%	$5.1M	$2.6M	10x	as long as short