Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h —

Price spread now: Reya against SunX−0.171%7-day average — · you buy dearer than you sell

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

Long on SunX 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 0.171% cheaper against SunX than usual: you would sell low and buy high (spread −0.171% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 17 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLD-USDT	0.4536	0.0100	pay 0.0100% / 8h	1h 13m	$22K	$1.6M	50x
Short	Reya WLDRUSDPERP	0.4528	0.0134	get 0.0017% / 1h	13m 03s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SunX. 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 SunXbpFee ReyabpOrdersPrice spread, now −0.171%Rate

Funding earned: $7.11
Price spread: −0.171% → 0.000%: −$17.1
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$24
Costs to cover: 0.140%
Break-even: 30.6 days

Slippage unknown: SunX: live order book, 12 min ago; 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 SunX live order book, 12 min ago	29.60 bp	38.5 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	−0.0011%	1h	0.4530	−0.132%	$238K	$169K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4531	−0.107%	$155K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4530	−0.132%	$50K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4530	−0.132%	$150K	$954K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4530	−0.139%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4528	−0.176%	$27K	$759K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4530	−0.126%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4530	−0.134%	$49K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4527	−0.188%	$86.3M	$336.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4527	−0.198%	$64.5M	$90.2M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4527	−0.198%	$34.2M	$152.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4527	−0.198%	$7.1M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4527	−0.198%	$39.9M	$57.7M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4527	−0.198%	$6.7M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4528	−0.176%	$29.9M	$31.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4528	−0.176%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4529	−0.150%	$135K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4527	−0.205%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4530	−0.136%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4534	−0.037%	$597K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4532	−0.088%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4529	−0.159%	$47K	$2.6M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4536	long leg	$22K	$1.6M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4528	−0.176%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4531	−0.110%	$829K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4527	−0.198%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4525	−0.238%	$210K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4531	−0.121%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+0.992%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4528	−0.171%	—	—	20x
Lighter WLD	+0.0136%	1h	0.4534	−0.040%	$4.9M	$2.9M	10x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4533	−0.066%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4537	+0.024%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4530	−0.139%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4533	−0.066%	$4.8M	$916K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4531	−0.110%	$273K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0531%	1h	0.4534	−0.035%	$49.8M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1045%	1h	0.4530	−0.140%	$875K	$2.9M	50x	as long as short