Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h —

Price spread now: Reya against Kalshi−0.061%7-day average — · you buy dearer than you sell

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

Long on Kalshi 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 0.061% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 36 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4506	0	get 0.0000% / 8h	6h 45m	$74K	$4.8M	1.7x
Short	Reya WLDRUSDPERP	0.4503	0.0134	get 0.0017% / 1h	45m 15s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Kalshi. 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 KalshibpFee ReyabpOrdersPrice spread, now −0.061%Rate

Funding earned: $28.11
Price spread: −0.061% → 0.000%: −$6.09
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $6.02
Costs to cover: 0.160%
Break-even: 5.5 days

Slippage unknown: Kalshi: 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 Kalshi live order book, 3 min ago	3.32 bp	16.7 bp −$17	26.4 bp −$264	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	−0.0046%	1h	0.4504	−0.044%	$242K	$208K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4503	−0.073%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERPlong	0.0000%	8h	0.4506	long leg	$74K	$4.8M	1.7x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4501	−0.111%	$144K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4502	−0.080%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0044%	8h	0.4501	−0.111%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0044%	1h	0.4502	−0.095%	$36K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4505	−0.031%	$322	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4500	−0.133%	$28K	$844K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4503	−0.077%	$225K	$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	0.4506	0.000%	$50K	$541K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4503	−0.073%	$85.4M	$337.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4502	−0.089%	$64.0M	$91.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4502	−0.089%	$34.0M	$152.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4504	−0.044%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4505	−0.022%	$38.8M	$55.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4499	−0.155%	$29.7M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4503	−0.067%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4505	−0.031%	$133K	$308K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4501	−0.117%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4507	+0.022%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4508	+0.043%	$602K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4506	0.000%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4506	0.000%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4501	−0.111%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4501	−0.111%	$824K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4503	−0.067%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4499	−0.160%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4502	−0.096%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4503	−0.061%	—	—	20x
Phoenix WLD	+0.0142%	1h	0.4514	+0.182%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4506	0.000%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	+0.289%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4502	−0.097%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4504	−0.044%	$4.8M	$926K	75x	as long as short
Hyperliquid WLD	+0.0319%	1h	0.4510	+0.087%	$48.9M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0503%	1h	0.4505	−0.014%	$859K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4512	+0.133%	$276K	$1.7M	50x	as long as short