Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Reya against Aster−0.068%7-day average — · you buy dearer than you sell

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

Long on Aster 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 airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.068% cheaper against Aster than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 6.7 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	Aster WLDUSDT	0.4561	0.0100	pay 0.0100% / 8h	23m 58s	$191K	$1.0M	50x
Short	Reya WLDRUSDPERP	0.4558	0.0134	get 0.0017% / 1h	23m 58s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aster. 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 AsterbpFee ReyabpOrdersPrice spread, now −0.068%Rate

Funding earned: $7.11
Price spread: −0.068% → 0.000%: −$6.79
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$13.69
Costs to cover: 0.140%
Break-even: 20.5 days

Slippage unknown: Aster: live order book, 4 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 Aster live order book, 4 min ago	2.18 bp	14.8 bp −$15	30.8 bp −$308	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
Kalshi KXWLDPERP	−0.0195%	8h	0.4561	+0.001%	$64K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4558	−0.056%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4560	−0.021%	$112K	$885K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4560	−0.017%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0010%	8h	0.4558	−0.064%	$6.9M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0030%	8h	0.4558	−0.064%	$28K	$907K	10x	as long as short
Nado WLD-PERP	+0.0044%	1h	0.4558	−0.064%	$274K	$169K	5x	as long as short
Aster WLDUSDTlong	+0.0100%	8h	0.4561	long leg	$191K	$1.0M	50x
Pacifica WLD	+0.0100%	1h	0.4560	−0.018%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4559	−0.036%	$86.0M	$301.6M	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	0.4560	−0.021%	$65.3M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4559	−0.042%	$34.0M	$142.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4559	−0.042%	$7.4M	$35.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4560	−0.021%	$45.3M	$53.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4559	−0.042%	$30.0M	$25.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4559	−0.042%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4560	−0.014%	$128K	$272K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4574	+0.286%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4580	+0.413%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4586	+0.556%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	+0.484%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4561	+0.012%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4567	+0.133%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4559	−0.042%	$209	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4554	−0.152%	$848K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4560	−0.021%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4558	−0.063%	$233K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4561	+0.001%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4570	+0.194%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4558	−0.068%	—	—	20x
BloFin WLD-USDT	+0.0220%	8h	0.4564	+0.067%	$4.9M	$821K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4560	−0.023%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4563	+0.047%	$326	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.681%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4563	+0.045%	$269K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0469%	1h	0.4565	+0.098%	$49.5M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0721%	1h	0.4562	+0.029%	$899K	$2.7M	50x	as long as short
Lighter WLD	+0.1408%	1h	0.4570	+0.192%	$5.2M	$2.0M	10x	as long as short