Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h —

Price spread now: BingX against Reya+0.029%7-day average — · you sell dearer than you buy

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

Long on Reya Short on BingX

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 pays, funding is against you. BingX is 0.029% dearer against Reya than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4563	0.0134	pay 0.0017% / 1h	2m 52s	—	—	20x
Short	BingX WLD-USDC	0.4564	0.0100	get 0.0100% / 8h	2h 02m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Reya. 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 ReyabpFee BingXbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$7.11
Price spread: +0.029% → 0.000%: $2.95
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$20.16
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BingX: live order book, 13 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell BingX live order book, 13 min ago	2.20 bp	12.6 bp −$13	56.2 bp −$562	550.2 bp −$55.0K	837.0 bp −$418.5K

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	−0.0034%	1h	0.4561	−0.047%	$240K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4566	+0.075%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4558	−0.102%	$53K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4566	+0.063%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0071%	8h	0.4564	+0.029%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0080%	1h	0.4567	+0.086%	$327	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4567	+0.095%	$27K	$790K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4567	+0.105%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4568	+0.114%	$51K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4564	+0.038%	$86.9M	$339.3M	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	0.4563	+0.008%	$65.1M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4560	−0.058%	$34.6M	$156.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4564	+0.029%	$7.2M	$37.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4564	+0.029%	$40.3M	$57.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4562	−0.014%	$30.1M	$31.4M	75x	as long as short
BingX WLD-USDCshort	+0.0100%	8h	0.4564	+0.029%	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4568	+0.119%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	+0.352%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4576	+0.282%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.424%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4574	+0.249%	$49K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4563	+0.016%	$47K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4570	+0.161%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4568	+0.117%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	+0.095%	$835K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4567	+0.095%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4563	+0.010%	$211K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4567	+0.106%	$31K	$500	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4563	long leg	—	—	20x
Phoenix WLD	+0.0142%	1h	0.4578	+0.332%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4570	+0.150%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.409%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0188%	1h	0.4569	+0.139%	$152K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4564	+0.026%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4568	+0.117%	$4.8M	$921K	75x	as long as short
Hyperliquid WLD	+0.0361%	1h	0.4568	+0.119%	$49.8M	$44.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0496%	1h	0.4570	+0.164%	$864K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4566	+0.073%	$275K	$1.7M	50x	as long as short