Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0085%/8h= −9.3% APRnext payment −$0.11 per $10,000 · paid last 24h —

Price spread now: Reya against GMX+0.003%7-day average — · you sell dearer than you buy

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

Long on GMX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLD/USD [ETH-USDC]	0.4509	L +0.0219% / S −0.0967%	pay 0.0027% / 1h	10m 54s	$4K	—	100x
Short	Reya WLDRUSDPERP	0.4509	0.0134	get 0.0017% / 1h	10m 54s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against GMX. 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 GMXbpFee ReyabpOrdersPrice spread, now +0.003%Rate

Funding earned: −$17.87
Price spread: +0.003% → 0.000%: $0.27
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$35.6
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

GMX and 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
Injective WLD/USDC PERP	−0.0309%	1h	0.4508	−0.018%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0009%	1h	0.4511	+0.060%	$234K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4511	+0.040%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4509	+0.005%	$51K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4509	+0.005%	$135K	$986K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4508	−0.016%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4507	−0.040%	$27K	$663K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4512	+0.061%	$228K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4512	+0.071%	$54K	$546K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4509	+0.010%	$86.5M	$333.4M	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	0.4506	−0.062%	$63.7M	$89.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4506	−0.062%	$34.1M	$150.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4508	−0.018%	$7.0M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4509	+0.005%	$41.3M	$57.0M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4508	−0.018%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4509	+0.005%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4509	+0.005%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4510	+0.027%	$131K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4505	−0.085%	$2.0M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4513	+0.088%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4523	+0.312%	$595K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4523	+0.315%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4512	+0.062%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4517	+0.182%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4508	−0.018%	$220	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	+0.049%	$825K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4510	+0.027%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4507	−0.042%	$208K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4510	+0.017%	$31K	$500	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4509	+0.003%	—	—	20x
Phoenix WLD	+0.0177%	1h	0.4521	+0.273%	$4K	$43K	10x	as long as short
Lighter WLD	+0.0192%	1h	0.4516	+0.151%	$4.9M	$2.9M	10x	as long as short
01 Exchange WLDUSD	+0.0216%	1h	0.4514	+0.124%	$323	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]long	L +0.0219% / S −0.0967%	1h	0.4509	long leg	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4509	+0.005%	$4.8M	$896K	75x	as long as short
Hyperliquid WLD	+0.0400%	1h	0.4514	+0.122%	$50.2M	$43.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4530	+0.470%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0458%	1h	0.4513	+0.097%	$865K	$2.8M	50x	as long as short