Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h —

Price spread now: Extended against Reya+0.132%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 Extended

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 · Extended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Extended is 0.132% dearer against Reya than usual: you sell high and buy low (spread +0.132% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4582	0.0134	pay 0.0017% / 1h	45m 52s	—	—	20x
Short	Extended WLD-USD	0.4588	0.0104	get 0.0013% / 1h	45m 52s	$239K	$855K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$6.27
Price spread: +0.132% → 0.000%: $13.21
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$4.06
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Extended: live order book, 37 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 Extended live order book, 37 min ago	1.10 bp	3.6 bp −$4	11.9 bp −$119	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	−0.0427%	8h	0.4580	−0.047%	$47K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4522	−1.313%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0008%	8h	0.4590	+0.171%	$28K	$914K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4581	−0.035%	$156K	$6K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4584	+0.046%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0008%	8h	0.4586	+0.084%	$7.1M	$10.7M	50x	as long as short
Variational Omni WLD	+0.0045%	8h	0.4543	−0.852%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0073%	1h	0.4581	−0.036%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4589	+0.148%	$215K	$974K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4581	−0.025%	$51K	$480K	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	0.4592	+0.215%	$86.8M	$294.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4589	+0.149%	$65.5M	$80.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4591	+0.193%	$34.4M	$140.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4589	+0.149%	$7.5M	$34.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4589	+0.149%	$52.7M	$50.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4586	+0.084%	$30.4M	$25.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4590	+0.171%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4589	+0.156%	$127K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4547	−0.774%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4551	−0.677%	$621K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4565	−0.375%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4584	+0.047%	$47K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4592	+0.215%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4587	+0.105%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	+0.084%	$866K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4587	+0.105%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USDshort	+0.0104%	1h	0.4588	+0.132%	$239K	$855K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4591	+0.186%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4558	−0.521%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4582	long leg	—	—	20x
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4591	+0.190%	$922K	$2.6M	50x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0186%	1h	0.4592	+0.215%	$107K	$909K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4571	−0.244%	$4.8M	$815K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4586	+0.088%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4585	+0.060%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4581	−0.025%	$280K	$1.6M	50x	as long as short
Lighter WLD	+0.0928%	1h	0.4597	+0.324%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.1185%	1h	0.4596	+0.302%	$49.9M	$42.8M	10x	as long as short