Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0910%/8h= −99.6% APRnext payment −$1.14 per $10,000 · paid last 24h —

Price spread now: Reya against Kraken Futures−0.048%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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 −$27 a day on $10k at the current rate, and Reya is 0.048% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 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	Kraken Futures PF_WLDUSD	0.4535	0.1044	pay 0.0130% / 1h	42m 06s	$872K	$2.9M	50x
Short	Reya WLDRUSDPERP	0.4533	0.0134	get 0.0017% / 1h	42m 06s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Kraken Futures. 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 Kraken FuturesbpFee ReyabpOrdersPrice spread, now −0.048%Rate

Funding earned: −$191.1
Price spread: −0.048% → 0.000%: −$4.84
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$211.94
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	7.70 bp	20.6 bp −$21	31.8 bp −$318	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
dYdX WLD-USD	0.0000%	1h	0.4536	+0.027%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4539	+0.089%	$48K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4533	−0.044%	$150K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4534	−0.019%	$66K	—	150x	as long as short
Nado WLD-PERP	+0.0003%	1h	0.4534	−0.016%	$239K	$170K	5x	as long as short
KuCoin WLDUSDTM	+0.0080%	8h	0.4533	−0.044%	$6.7M	$11.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4532	−0.066%	$27K	$787K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4535	+0.005%	$227K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4534	−0.020%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4535	+0.007%	$86.6M	$340.3M	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	0.4534	−0.022%	$64.9M	$92.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4534	−0.022%	$34.3M	$155.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4534	−0.022%	$7.2M	$36.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4534	−0.022%	$40.6M	$56.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4533	−0.044%	$29.9M	$31.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4536	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4535	+0.009%	$135K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4533	−0.050%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4536	+0.021%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4544	+0.195%	$600K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4545	+0.221%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4532	−0.055%	$54K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4542	+0.155%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4540	+0.111%	$213	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4539	+0.089%	$830K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4533	−0.044%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4531	−0.099%	$209K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4534	−0.019%	$31K	$500	3x	as long as short
Lighter WLD	+0.0120%	1h	0.4539	+0.084%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.015%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4533	−0.048%	—	—	20x
01 Exchange WLDUSD	+0.0136%	1h	0.4536	+0.031%	$325	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4530	−0.119%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4533	−0.050%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4539	+0.089%	$4.8M	$937K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4540	+0.111%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0699%	1h	0.4540	+0.115%	$49.8M	$44.8M	10x	as long as short
Kraken Futures PF_WLDUSDlong	+0.1044%	1h	0.4535	long leg	$872K	$2.9M	50x