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% APRnext payment +$0.04 per $10,000 · paid last 24h —

Price spread now: Reya against SoDEX−0.215%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Reya

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

Funding pays, the price is against you. Reya is 0.215% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.215% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 21 days of funding at the current rate (+$1 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX WLD-USD	0.4537	0.0100	pay 0.0013% / 1h	14m 37s	$206	$5K	10x
Short	Reya WLDRUSDPERP	0.4527	0.0134	get 0.0017% / 1h	14m 37s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SoDEX. 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 SoDEXbpFee ReyabpOrdersPrice spread, now −0.215%Rate

Funding earned: $7.11
Price spread: −0.215% → 0.000%: −$21.46
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$28.35
Costs to cover: 0.140%
Break-even: 34.9 days

Slippage unknown: SoDEX: no order-book sample; Reya: no order-book sample. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

SoDEX and 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	−0.0023%	1h	0.4527	−0.209%	$240K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4528	−0.205%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4537	0.000%	$66K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4537	0.000%	$119K	$988K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4540	+0.063%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0034%	8h	0.4535	−0.044%	$6.8M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4537	0.000%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4531	−0.125%	$212K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4532	−0.121%	$51K	$526K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4529	−0.176%	$86.3M	$331.4M	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	0.4527	−0.220%	$64.4M	$90.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4529	−0.176%	$34.2M	$151.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4527	−0.220%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4528	−0.198%	$40.6M	$55.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4527	−0.220%	$29.9M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4528	−0.198%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4538	+0.013%	$135K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4533	−0.095%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4545	+0.167%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4543	+0.132%	$598K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4544	+0.154%	$48K	$241K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4528	−0.207%	$39K	$2.2M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4543	+0.132%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USDlong	+0.0100%	1h	0.4537	long leg	$206	$5K	10x
HTX WLD-USDT	+0.0100%	8h	0.4539	+0.044%	$830K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4538	+0.022%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4526	−0.249%	$216K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4537	+0.010%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4527	−0.215%	—	—	20x
Injective WLD/USDC PERP	+0.0142%	1h	0.4538	+0.022%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4547	+0.229%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4535	−0.044%	$4.8M	$880K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4539	+0.039%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0288%	1h	0.4531	−0.126%	$324	$55	5x	as long as short
Hyperliquid WLD	+0.0345%	1h	0.4541	+0.095%	$49.7M	$43.5M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0523%	1h	0.4539	+0.054%	$879K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4544	+0.154%	$264K	$1.6M	50x	as long as short
Lighter WLD	+0.0816%	1h	0.4542	+0.108%	$5.1M	$2.6M	10x	as long as short