Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h —

Price spread now: Reya against Injective+0.389%7-day average — · you sell dearer than you buy

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

Long on Injective 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Reya is 0.389% dearer against Injective than usual: you sell high and buy low, +$39 on $10k if it 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	Injective WLD/USDC PERP	0.4564	0.0142	pay 0.0018% / 1h	45m 02s	$6K	$185K	5.5x
Short	Reya WLDRUSDPERP	0.4582	0.0134	get 0.0017% / 1h	45m 02s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee ReyabpOrdersPrice spread, now +0.389%Rate

Funding earned: −$1.69
Price spread: +0.389% → 0.000%: $38.9
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: $31.19
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Injective: live order book, 39 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 Injective live order book, 39 min ago	44.85 bp	doesn't fit	doesn't fit	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
Nado WLD-PERP	−0.0012%	1h	0.4582	+0.394%	$243K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4579	+0.320%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4582	+0.394%	$48K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4587	+0.500%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0015%	8h	0.4586	+0.482%	$6.9M	$11.7M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4591	+0.592%	$28K	$884K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4589	+0.542%	$210K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4579	+0.332%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4590	+0.577%	$87.3M	$329.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4589	+0.548%	$65.3M	$89.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4588	+0.526%	$34.8M	$151.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4592	+0.613%	$7.3M	$36.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4588	+0.526%	$43.4M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4589	+0.548%	$30.4M	$30.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4590	+0.570%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4595	+0.679%	$137K	$302K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4577	+0.278%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4572	+0.183%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4580	+0.340%	$610K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4573	+0.197%	$43K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4581	+0.379%	$40K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4598	+0.745%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4595	+0.679%	$208	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	+0.482%	$838K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4595	+0.679%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4586	+0.476%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4596	+0.694%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4582	+0.389%	—	—	20x
Injective WLD/USDC PERPlong	+0.0142%	1h	0.4564	long leg	$6K	$185K	5.5x
Phoenix WLD	+0.0157%	1h	0.4579	+0.324%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4593	+0.635%	$4.9M	$866K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4587	+0.496%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0328%	1h	0.4583	+0.416%	$328	$55	5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0403%	1h	0.4594	+0.657%	$125K	$959K	25x	as long as short
Hyperliquid WLD	+0.0506%	1h	0.4598	+0.743%	$50.5M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0517%	1h	0.4597	+0.724%	$886K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4581	+0.372%	$269K	$1.7M	50x	as long as short
Lighter WLD	+0.0928%	1h	0.4604	+0.868%	$5.2M	$2.6M	10x	as long as short