Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h —

Price spread now: Reya against Kalshi−0.038%7-day average — · you buy dearer than you sell

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

Long on Kalshi 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 0.038% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 23 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4476	0	get 0.0000% / 8h	57m 05s	$59K	$4.2M	1.7x
Short	Reya WLDRUSDPERP	0.4474	0.0134	get 0.0017% / 1h	57m 05s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Kalshi. 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 KalshibpFee ReyabpOrdersPrice spread, now −0.038%Rate

Funding earned: $28.11
Price spread: −0.038% → 0.000%: −$3.77
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $8.34
Costs to cover: 0.160%
Break-even: 4.9 days

Slippage unknown: Kalshi: live order book, 5 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 Kalshi live order book, 5 min ago	1.12 bp	26.2 bp −$26	34.4 bp −$344	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 exchanges

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
Kraken Futures PF_WLDUSD	−0.0186%	1h	0.4479	+0.066%	$840K	$2.6M	50x	as long as short
Bybit WLDUSDT	−0.0136%	8h	0.4476	0.000%	$63.9M	$84.8M	50x	as long as short
Polymarket Perps WLD-USD	−0.0122%	1h	0.4475	−0.018%	$40K	$2.7M	10x	as long as short
Gate WLD_USDT	−0.0091%	8h	0.4476	0.000%	$7.1M	$30.7M	75x	as long as short
Nado WLD-PERP	−0.0045%	1h	0.4476	−0.011%	$234K	$157K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4479	+0.059%	$153K	$31K	10x	as long as short
Kalshi KXWLDPERPlong	0.0000%	8h	0.4476	long leg	$59K	$4.2M	1.7x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4478	+0.045%	$101K	$1.1M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4477	+0.033%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0012%	8h	0.4477	+0.022%	$6.8M	$10.1M	50x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni WLD	+0.0016%	8h	0.4478	+0.052%	$2.1M	$1.4M	—	as long as short
Injective WLD/USDC PERP	+0.0033%	1h	0.4477	+0.022%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0053%	1h	0.4481	+0.116%	$4K	$41K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0082%	8h	0.4475	−0.022%	$27K	$231K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4480	+0.079%	$220K	$904K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4478	+0.045%	$64K	$514K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4476	0.000%	$84.6M	$312.7M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4475	−0.022%	$34.3M	$142.0M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4476	0.000%	$41.6M	$54.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4475	−0.022%	$29.3M	$28.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4475	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4477	+0.027%	$126K	$272K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4481	+0.113%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4482	+0.142%	$592K	$2.3M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4481	+0.112%	$48K	$249K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4481	+0.112%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4477	+0.022%	$228	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4474	−0.045%	$821K	$1.1M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4477	+0.022%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4473	−0.058%	$211K	$645K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4477	+0.034%	$30K	$500	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4474	−0.038%	—	—	20x
01 Exchange WLDUSD	+0.0144%	1h	0.4478	+0.054%	$320	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4478	+0.043%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4478	+0.045%	$4.7M	$895K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0264%	1h	0.4481	+0.112%	$272K	$975K	50x	as long as short
Lighter WLD	+0.0344%	1h	0.4483	+0.152%	$4.8M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0943%	1h	0.4485	+0.199%	$51.3M	$28.9M	10x	as long as short