Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h —

Price spread now: Reya against OKX−0.126%7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.126% cheaper against OKX than usual: you would sell low and buy high (spread −0.126% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 12 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	OKX WLD-USDT-SWAP	0.4586	0.0100	pay 0.0100% / 8h	4h 12m	$34.4M	$150.1M	50x
Short	Reya WLDRUSDPERP	0.4580	0.0134	get 0.0017% / 1h	12m 10s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against OKX. 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 OKXbpFee ReyabpOrdersPrice spread, now −0.126%Rate

Funding earned: $7.11
Price spread: −0.126% → 0.000%: −$12.58
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$21.47
Costs to cover: 0.160%
Break-even: 28.2 days

Slippage unknown: OKX: 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 OKX live order book, 2 min ago	1.09 bp	8.4 bp −$8	19.5 bp −$195	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	−0.0048%	1h	0.4580	−0.131%	$243K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0004%	8h	0.4584	−0.044%	$7.0M	$11.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4581	−0.105%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4581	−0.109%	$46K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4585	−0.022%	$119K	$942K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4584	−0.048%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4583	−0.065%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0096%	8h	0.4583	−0.065%	$28K	$886K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4588	+0.052%	$5.0M	$2.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4582	−0.096%	$211K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4581	−0.115%	$49K	$527K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4584	−0.045%	$86.9M	$328.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4585	−0.022%	$65.2M	$89.3M	50x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4586	long leg	$34.4M	$150.1M	50x
Gate WLD_USDT	+0.0100%	8h	0.4585	−0.022%	$7.2M	$37.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4586	0.000%	$44.1M	$54.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4586	0.000%	$30.3M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4584	−0.044%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4587	+0.013%	$137K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4578	−0.181%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4575	−0.239%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4576	−0.218%	$602K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4573	−0.283%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4579	−0.146%	$40K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4590	+0.087%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4583	−0.065%	$171	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4574	−0.262%	$836K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4587	+0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4583	−0.071%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4585	−0.027%	$31K	$600	3x	as long as short
01 Exchange WLDUSD	+0.0128%	1h	0.4583	−0.072%	$328	$80	5x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4580	−0.126%	—	—	20x
Phoenix WLD	+0.0158%	1h	0.4586	+0.009%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4584	−0.044%	$4.9M	$833K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4584	−0.034%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0329%	1h	0.4588	+0.039%	$50.4M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0478%	1h	0.4587	+0.026%	$886K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4593	+0.153%	$269K	$1.7M	50x	as long as short