Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0354%/8h= −38.8% APRnext payment −$0.44 per $10,000 · paid last 24h —

Price spread now: Reya against Coinbase International−0.225%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Reya is 0.225% cheaper against Coinbase International than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WLD-PERP-INTX	0.4542	0.0488	pay 0.0061% / 1h	45m 48s	$274K	$1.7M	50x
Short	Reya WLDRUSDPERP	0.4532	0.0134	get 0.0017% / 1h	45m 48s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Coinbase International. 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 Coinbase InternationalbpFee ReyabpOrdersPrice spread, now −0.225%Rate

Funding earned: −$74.37
Price spread: −0.225% → 0.000%: −$22.49
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$112.86
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago	6.59 bp	22.0 bp −$22	30.1 bp −$301	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	−0.0008%	1h	0.4533	−0.187%	$239K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4541	−0.020%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4537	−0.110%	$59K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4535	−0.154%	$151K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4535	−0.152%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0081%	8h	0.4531	−0.242%	$6.7M	$11.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4533	−0.198%	$27K	$788K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4532	−0.224%	$227K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4541	−0.027%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4528	−0.313%	$86.4M	$340.1M	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	0.4526	−0.352%	$64.6M	$91.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4524	−0.396%	$34.3M	$154.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4528	−0.308%	$7.1M	$36.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4529	−0.286%	$40.2M	$56.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4525	−0.374%	$29.8M	$31.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4529	−0.286%	—	$70.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4533	−0.200%	$132K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4541	−0.028%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4542	+0.009%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4546	+0.090%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4544	+0.044%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4532	−0.222%	$56K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4539	−0.066%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4531	−0.242%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4538	−0.088%	$830K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4533	−0.198%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4528	−0.298%	$209K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4535	−0.151%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4541	−0.022%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4532	−0.225%	—	—	20x
01 Exchange WLDUSD	+0.0136%	1h	0.4535	−0.145%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4542	+0.011%	$5K	$44K	10x	as long as short
Lighter WLD	+0.0184%	1h	0.4530	−0.258%	$4.9M	$2.9M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4533	−0.187%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4538	−0.088%	$4.8M	$937K	75x	as long as short
Coinbase International WLD-PERP-INTXlong	+0.0488%	1h	0.4542	long leg	$274K	$1.7M	50x
Hyperliquid WLD	+0.0716%	1h	0.4532	−0.225%	$49.7M	$44.8M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1045%	1h	0.4531	−0.247%	$868K	$2.9M	50x	as long as short