Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0134%/8h= −14.7% APRnext payment −$0.17 per $10,000 · paid last 24h —

Price spread now: Deribit against Reya+0.201%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 Deribit

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. Deribit is 0.201% dearer against Reya than usual: you sell high and buy low (spread +0.201% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4581	0.0134	pay 0.0017% / 1h	48m 45s	—	—	20x
Short	Deribit WLD_USDC-PERPETUAL	0.4590	0	get 0.0000% / 1h	48m 45s	$123K	$861K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.201%Rate

Funding earned: −$28.11
Price spread: +0.201% → 0.000%: $20.08
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$21.02
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Deribit: live order book, 25 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 Deribit live order book, 25 min ago	4.36 bp	7.9 bp −$8	doesn't fit	doesn't fit	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	−0.0203%	8h	0.4585	+0.092%	$63K	$3.9M	1.7x	as long as short
Gate WLD_USDT	−0.0060%	8h	0.4588	+0.157%	$7.5M	$35.1M	75x	as long as short
KuCoin WLDUSDTM	−0.0006%	8h	0.4585	+0.092%	$7.0M	$11.1M	50x	as long as short
Nado WLD-PERP	−0.0003%	1h	0.4583	+0.053%	$276K	$169K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4586	+0.106%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUALshort	0.0000%	1h	0.4590	+0.201%	$123K	$861K	25x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4584	+0.070%	$56K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4597	+0.354%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0041%	8h	0.4587	+0.135%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4588	+0.153%	$191K	$984K	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	0.4590	+0.196%	$54K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4589	+0.173%	$86.7M	$303.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4585	+0.092%	$65.7M	$82.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4585	+0.092%	$34.3M	$143.5M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4584	+0.070%	$46.4M	$53.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4585	+0.092%	$30.3M	$26.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4585	+0.092%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4592	+0.240%	$136K	$282K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4581	0.000%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4590	+0.206%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4597	+0.354%	$610K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4579	−0.039%	$54K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4585	+0.087%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4587	+0.135%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4591	+0.223%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	+0.113%	$854K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4588	+0.157%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4585	+0.082%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4589	+0.175%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4581	long leg	—	—	20x
Phoenix WLD	+0.0157%	1h	0.4585	+0.098%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4587	+0.135%	$4.9M	$821K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4583	+0.053%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4588	+0.164%	$328	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0328%	1h	0.4594	+0.287%	$905K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4593	+0.266%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0728%	1h	0.4597	+0.351%	$51.0M	$43.4M	10x	as long as short
Lighter WLD	+0.0928%	1h	0.4601	+0.430%	$5.2M	$2.0M	10x	as long as short