Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h —

Price spread now: Reya against Injective+0.765%52s7-day average — · you sell dearer than you buy

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

Long on Injective 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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.765% dearer against Injective than usual: you sell high and buy low: +$76 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Injective WLD/USDC PERP	0.4544	0.0014	pay 0.0002% / 1h	15m 47s	$6K	$185K	5.5x
Short	Reya WLDRUSDPERP	0.4579	0.0134	get 0.0017% / 1h	15m 47s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. 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 InjectivebpFee ReyabpOrdersPrice spread, now +0.765%Rate

Funding earned: $25.23
Price spread: +0.765% → 0.000%: $76.49
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: $95.7
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Injective: live order book, 8 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 Injective live order book, 8 min ago	44.85 bp	doesn't fit	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	−0.0043%	1h	0.4578	+0.759%	$243K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0006%	8h	0.4573	+0.638%	$6.9M	$11.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4576	+0.706%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4582	+0.836%	$46K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4582	+0.836%	$118K	$942K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4580	+0.788%	$66K	—	150x	as long as short
Injective WLD/USDC PERPlong	+0.0014%	1h	0.4544	long leg	$6K	$185K	5.5x
Orderly PERP_WLD_USDC	+0.0094%	8h	0.4579	+0.770%	$28K	$886K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4580	+0.799%	$4.9M	$2.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4577	+0.731%	$211K	$1.1M	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	0.4577	+0.726%	$49K	$527K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4575	+0.682%	$86.7M	$328.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4575	+0.682%	$65.1M	$89.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4577	+0.726%	$34.3M	$149.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4576	+0.704%	$7.2M	$37.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4574	+0.660%	$44.0M	$54.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4574	+0.660%	$30.2M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4577	+0.726%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4578	+0.757%	$136K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4578	+0.742%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4579	+0.771%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4577	+0.726%	$602K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	+0.858%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4578	+0.755%	$40K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4585	+0.902%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4580	+0.792%	$173	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4574	+0.660%	$836K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4582	+0.836%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4570	+0.578%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4582	+0.840%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4579	+0.765%	—	—	20x
01 Exchange WLDUSD	+0.0136%	1h	0.4582	+0.830%	$328	$80	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4588	+0.966%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4582	+0.836%	$4.9M	$832K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4580	+0.793%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0326%	1h	0.4582	+0.825%	$50.3M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0479%	1h	0.4584	+0.874%	$885K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4593	+1.078%	$269K	$1.7M	50x	as long as short