Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0608%/8h= +66.6% APRnext payment +$0.76 per $10,000 · paid last 24h —

Price spread now: Hyperliquid against Reya+0.142%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.142% dearer against Reya than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4573	0.0134	pay 0.0017% / 1h	17m 49s	—	—	20x
Short	Hyperliquid WLD	0.4579	0.0742	get 0.0093% / 1h	17m 49s	$49.8M	$43.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.142%Rate

Funding earned: $127.77
Price spread: +0.142% → 0.000%: $14.18
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $126.94
Costs to cover: 0.150%
Break-even: 0.0 days

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago	0.44 bp	5.9 bp −$6	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	−0.0309%	8h	0.4573	+0.002%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+1.095%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4574	+0.021%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4576	+0.067%	$108K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4575	+0.038%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0003%	8h	0.4573	+0.002%	$28K	$913K	10x	as long as short
KuCoin WLDUSDTM	+0.0006%	8h	0.4571	−0.042%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0052%	1h	0.4573	+0.013%	$275K	$169K	5x	as long as short
Variational Omni WLD	+0.0084%	8h	0.4578	+0.110%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4575	+0.046%	$200K	$999K	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	0.4573	+0.010%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4573	+0.002%	$86.5M	$297.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4572	−0.020%	$65.5M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4571	−0.042%	$34.2M	$141.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4573	+0.002%	$7.4M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4573	+0.002%	$48.9M	$52.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4571	−0.042%	$30.1M	$25.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4573	+0.002%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4573	+0.004%	$129K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4580	+0.164%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4580	+0.152%	$615K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	+0.155%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4576	+0.072%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4580	+0.155%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4575	+0.046%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4578	+0.111%	$864K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4574	+0.024%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4572	−0.018%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4576	+0.067%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4583	+0.223%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4573	long leg	—	—	20x
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4578	+0.102%	$908K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4574	+0.024%	$4.9M	$813K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4575	+0.046%	$327	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4575	+0.042%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4586	+0.286%	$270K	$1.6M	50x	as long as short
Hyperliquid WLDshort	+0.0742%	1h	0.4579	+0.142%	$49.8M	$43.1M	10x
Lighter WLD	+0.0968%	1h	0.4584	+0.236%	$5.2M	$2.1M	10x	as long as short