Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h —

Price spread now: Reya against Aevo−0.090%7-day average — · you buy dearer than you sell

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

Long on Aevo 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 0.090% cheaper against Aevo than usual: you would sell low and buy high (spread −0.090% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 10 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	Aevo WLD-PERP	0.4696	0.0104	pay 0.0013% / 1h	26m 49s	$32K	$600	3x
Short	Reya WLDRUSDPERP	0.4692	0.0134	get 0.0017% / 1h	26m 49s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aevo. 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 AevobpFee ReyabpOrdersPrice spread, now −0.090%Rate

Funding earned: $6.27
Price spread: −0.090% → 0.000%: −$8.98
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Reya: 3 bp × 2 orders: −$6
Net: −$24.71
Costs to cover: 0.220%
Break-even: 34.6 days

Slippage unknown: Aevo: 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 Aevo no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Aevo 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
Kalshi KXWLDPERP	−0.0177%	8h	0.4690	−0.128%	$38K	$3.9M	1.7x	as long as short
Phemex WLDUSDT	−0.0093%	8h	0.4695	−0.021%	$1.9M	$3.7M	50x	as long as short
Nado WLD-PERP	−0.0025%	1h	0.4693	−0.053%	$281K	$170K	5x	as long as short
KuCoin WLDUSDTM	−0.0017%	8h	0.4700	+0.085%	$7.0M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4701	+0.100%	$168K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4695	−0.021%	$135K	$863K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4694	−0.040%	$58K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−0.788%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0045%	8h	0.4694	−0.043%	$29K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4700	+0.085%	$192K	$972K	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	0.4702	+0.135%	$55K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4702	+0.117%	$89.5M	$305.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4704	+0.170%	$67.8M	$82.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4704	+0.170%	$35.5M	$147.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4698	+0.043%	$7.6M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4702	+0.128%	$48.8M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4700	+0.085%	$31.3M	$26.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4698	+0.043%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4696	−0.011%	$140K	$279K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4661	−0.750%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4656	−0.851%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	−0.724%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4661	−0.745%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4694	−0.049%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4701	+0.106%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4695	−0.021%	$222	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4692	−0.085%	$872K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4696	0.000%	$221K	$863K	10x	as long as short
Aevo WLD-PERPlong	+0.0104%	1h	0.4696	long leg	$32K	$600	3x
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4692	−0.090%	—	—	20x
Phoenix WLD	+0.0157%	1h	0.4668	−0.586%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4693	−0.064%	$4.9M	$869K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4693	−0.074%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4697	+0.026%	$336	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0321%	1h	0.4699	+0.056%	$923K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4688	−0.170%	$278K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0789%	1h	0.4709	+0.281%	$52.5M	$43.6M	10x	as long as short
Lighter WLD	+0.0920%	1h	0.4709	+0.268%	$5.3M	$2.0M	10x	as long as short