Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h —

Price spread now: Reya against Phemex+0.080%7-day average — · you sell dearer than you buy

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

Long on Phemex 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 +$1 a day on $10k at the current rate, and Reya is 0.080% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4673	0.0100	pay 0.0100% / 8h	7h 01m	$1.9M	$3.7M	50x
Short	Reya WLDRUSDPERP	0.4677	0.0134	get 0.0017% / 1h	1m 03s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Phemex. 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 PhemexbpFee ReyabpOrdersPrice spread, now +0.080%Rate

Funding earned: $7.11
Price spread: +0.080% → 0.000%: $8
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$2.89
Costs to cover: 0.180%
Break-even: 9.8 days

Slippage unknown: Phemex: 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 Phemex live order book, 3 min ago	20.15 bp	107.4 bp −$107	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
Kalshi KXWLDPERP	−0.0161%	8h	0.4684	+0.235%	$29K	$4.1M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0025%	8h	0.4671	−0.043%	$7.0M	$11.2M	50x	as long as short
Nado WLD-PERP	−0.0021%	1h	0.4676	+0.064%	$271K	$178K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4679	+0.133%	$167K	$12K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4675	+0.043%	$129K	$904K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4674	+0.020%	$55K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4744	+1.519%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0051%	8h	0.4674	+0.021%	$28K	$899K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4680	+0.142%	$214K	$996K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4682	+0.195%	$55K	$485K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4670	−0.065%	$89.0M	$312.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4667	−0.128%	$67.5M	$84.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4667	−0.128%	$35.3M	$149.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4670	−0.064%	$7.4M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4670	−0.064%	$47.6M	$55.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4669	−0.086%	$31.3M	$27.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4670	−0.064%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4670	−0.073%	$138K	$279K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4673	−0.007%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4713	+0.856%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4742	+1.474%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4709	+0.770%	$57K	$233K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4680	+0.146%	$46K	$1.8M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4684	+0.235%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4676	+0.064%	$225	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4670	−0.064%	$888K	$1.9M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4673	long leg	$1.9M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4674	+0.027%	$216K	$905K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4677	+0.076%	$32K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4677	+0.080%	—	—	20x
Phoenix WLD	+0.0157%	1h	0.4732	+1.263%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4671	−0.043%	$5.0M	$867K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4674	+0.018%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4681	+0.169%	$335	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0322%	1h	0.4680	+0.160%	$928K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4689	+0.342%	$273K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0866%	1h	0.4677	+0.096%	$52.4M	$44.2M	10x	as long as short
Lighter WLD	+0.1000%	1h	0.4683	+0.223%	$5.3M	$2.1M	10x	as long as short