Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h —

Price spread now: Bybit against Reya+0.185%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 Bybit

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. Bybit is 0.185% dearer against Reya than usual: you sell high and buy low (spread +0.185% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4711	0.0134	pay 0.0017% / 1h	26m 12s	—	—	20x
Short	Bybit WLDUSDT	0.4720	0.0100	get 0.0100% / 8h	7h 26m	$68.0M	$82.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.185%Rate

Funding earned: −$7.11
Price spread: +0.185% → 0.000%: $18.51
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$5.6
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	1.07 bp	8.5 bp −$8	18.2 bp −$182	120.6 bp −$12.1K	doesn't fit

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
Kalshi KXWLDPERP	−0.0174%	8h	0.4702	−0.197%	$33K	$3.9M	1.7x	as long as short
Phemex WLDUSDT	−0.0058%	8h	0.4713	+0.036%	$1.9M	$3.7M	50x	as long as short
Nado WLD-PERP	−0.0026%	1h	0.4711	+0.005%	$281K	$172K	5x	as long as short
KuCoin WLDUSDTM	−0.0017%	8h	0.4716	+0.100%	$7.1M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4701	−0.225%	$168K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4715	+0.080%	$58K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−1.110%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0045%	8h	0.4715	+0.079%	$29K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4714	+0.051%	$193K	$967K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4702	−0.189%	$55K	$481K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4720	+0.176%	$89.9M	$305.8M	75x	as long as short
Bybit WLDUSDTshort	+0.0100%	8h	0.4720	+0.185%	$68.0M	$82.4M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4720	+0.185%	$35.6M	$148.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4713	+0.036%	$7.7M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4719	+0.164%	$49.0M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4721	+0.206%	$31.5M	$26.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4720	+0.185%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4723	+0.257%	$140K	$279K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4714	+0.052%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4656	−1.173%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	−1.046%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4661	−1.067%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4713	+0.036%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4719	+0.164%	$24K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4721	+0.206%	$223	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4719	+0.164%	$877K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4717	+0.131%	$220K	$865K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4718	+0.141%	$32K	$600	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4711	long leg	—	—	20x
Phoenix WLD	+0.0157%	1h	0.4668	−0.908%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4693	−0.388%	$4.9M	$869K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4715	+0.074%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4712	+0.009%	$337	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0319%	1h	0.4725	+0.286%	$928K	$2.7M	50x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0386%	1h	0.4718	+0.143%	$135K	$863K	25x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4715	+0.079%	$279K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0796%	1h	0.4720	+0.179%	$52.6M	$43.6M	10x	as long as short
Lighter WLD	+0.0944%	1h	0.4729	+0.385%	$5.4M	$2.0M	10x	as long as short