Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0306%/8h= +33.5% APRnext payment +$0.38 per $10,000 · paid last 24h —

Price spread now: Coinbase International against Reya−0.299%48s7-day average — · you buy dearer than you sell

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

Long on Reya Short on Coinbase International

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. Coinbase International is 0.299% cheaper against Reya than usual: you would sell low and buy high (spread −0.299% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 3.3 days of funding at the current rate (+$9 a day). The two prices were read 48 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	Reya WLDRUSDPERP	0.4645	0.0134	pay 0.0017% / 1h	46m 22s	—	—	20x
Short	Coinbase International WLD-PERP-INTX	0.4631	0.0440	get 0.0055% / 1h	46m 22s	$275K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpFee Coinbase InternationalbpOrdersPrice spread, now −0.299%Rate

Funding earned: $64.29
Price spread: −0.299% → 0.000%: −$29.92
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $18.38
Costs to cover: 0.160%
Break-even: 5.0 days

Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 2 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 2 min ago	9.70 bp	25.2 bp −$25	28.9 bp −$289	doesn't fit	doesn't fit

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	−0.0235%	8h	0.4631	−0.299%	$34K	$3.8M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4635	−0.204%	$165K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4627	−0.385%	$112K	$884K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4654	+0.199%	$58K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0014%	8h	0.4653	+0.174%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTM	+0.0020%	8h	0.4647	+0.045%	$7.1M	$10.9M	50x	as long as short
Nado WLD-PERP	+0.0066%	1h	0.4644	−0.009%	$280K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4647	+0.037%	$192K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4638	−0.138%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4653	+0.164%	$88.2M	$299.3M	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	0.4654	+0.196%	$66.7M	$82.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4653	+0.174%	$34.7M	$144.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4651	+0.131%	$7.6M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4653	+0.174%	$50.5M	$51.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4647	+0.045%	$30.7M	$25.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4654	+0.196%	—	$67.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4629	−0.334%	$130K	$270K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4627	−0.387%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4628	−0.353%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4637	−0.176%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4637	−0.170%	$56K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4649	+0.086%	$43K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4632	−0.278%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4627	−0.385%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	−0.450%	$861K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4626	−0.407%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4638	−0.156%	$237K	$859K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4656	+0.238%	$32K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4638	−0.155%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4645	long leg	—	—	20x
BloFin WLD-USDT	+0.0220%	8h	0.4626	−0.407%	$4.9M	$830K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4654	+0.202%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4651	+0.123%	$333	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.708%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0440%	1h	0.4631	−0.299%	$275K	$1.7M	50x
Hyperliquid WLD	+0.0670%	1h	0.4654	+0.198%	$50.7M	$42.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0710%	1h	0.4631	−0.306%	$922K	$2.6M	50x	as long as short
Lighter WLD	+0.1712%	1h	0.4650	+0.106%	$5.3M	$2.0M	10x	as long as short