Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h —

Price spread now: SunX against Reya+0.182%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 SunX

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. SunX is 0.182% dearer against Reya than usual: you sell high and buy low (spread +0.182% now, against zero (this spread has no 7-day history yet)): +$18 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	0.4535	0.0134	pay 0.0017% / 1h	16m 15s	—	—	20x
Short	SunX WLD-USDT	0.4543	0.0100	get 0.0100% / 8h	3h 16m	$22K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.182%Rate

Funding earned: −$7.11
Price spread: +0.182% → 0.000%: $18.16
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$2.94
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; SunX: live order book, 9 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 SunX live order book, 9 min ago	29.69 bp	46.2 bp −$46	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
Nado WLD-PERP	−0.0026%	1h	0.4535	+0.016%	$240K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4537	+0.042%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4548	+0.292%	$66K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4536	+0.027%	$118K	$987K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4535	+0.001%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0032%	8h	0.4534	−0.017%	$6.8M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4534	−0.017%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4537	+0.059%	$212K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4539	+0.085%	$51K	$526K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4537	+0.045%	$86.4M	$331.2M	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	0.4533	−0.039%	$64.5M	$90.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4535	+0.005%	$34.3M	$151.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4534	−0.017%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4540	+0.115%	$40.7M	$55.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4533	−0.039%	$29.9M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4535	+0.005%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4545	+0.215%	$134K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4540	+0.109%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4538	+0.062%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4541	+0.138%	$598K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4536	+0.027%	$48K	$241K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4536	+0.023%	$53K	$2.2M	10x	as long as short
SunX WLD-USDTshort	+0.0100%	8h	0.4543	+0.182%	$22K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4546	+0.248%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4548	+0.292%	$831K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4543	+0.182%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4533	−0.045%	$216K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4535	−0.001%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4535	long leg	—	—	20x
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.909%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4526	−0.193%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4543	+0.182%	$4.9M	$882K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4536	+0.022%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0288%	1h	0.4541	+0.135%	$325	$55	5x	as long as short
Hyperliquid WLD	+0.0345%	1h	0.4541	+0.146%	$49.7M	$43.5M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0523%	1h	0.4538	+0.074%	$879K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4552	+0.380%	$267K	$1.6M	50x	as long as short
Lighter WLD	+0.0832%	1h	0.4546	+0.259%	$5.1M	$2.6M	10x	as long as short