Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0134%/8h= −14.7% APRnext payment −$0.17 per $10,000 · paid last 24h —

Price spread now: dYdX against Reya−0.116%7-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 dYdX

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 −$4 a day on $10k at the current rate, and dYdX is 0.116% cheaper against Reya than usual: you would sell low and buy high (−$12 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	Reya WLDRUSDPERP	0.4548	0.0134	pay 0.0017% / 1h	37m 49s	—	—	20x
Short	dYdX WLD-USD	0.4543	0	get 0.0000% / 1h	37m 49s	$155K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Reya. 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 ReyabpFee dYdXbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$28.11
Price spread: −0.116% → 0.000%: −$11.62
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$55.72
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; dYdX: live order book, 21 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 dYdX live order book, 21 min ago	38.30 bp	43.3 bp −$43	43.3 bp −$433	142.6 bp −$14.3K	515.1 bp −$257.5K

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	−0.0105%	8h	0.4544	−0.088%	$57K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0057%	1h	0.4548	0.000%	$241K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0030%	8h	0.4543	−0.110%	$6.9M	$11.6M	50x	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4543	−0.116%	$155K	$33K	10x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4546	−0.044%	$117K	$927K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4549	+0.020%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	+0.220%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4546	−0.044%	$325	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0087%	8h	0.4545	−0.066%	$28K	$887K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4548	0.000%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4545	−0.076%	$198K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4543	−0.108%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4546	−0.044%	$86.2M	$327.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4543	−0.110%	$64.7M	$89.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4544	−0.088%	$34.1M	$148.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4545	−0.066%	$7.1M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4544	−0.088%	$43.6M	$54.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4543	−0.110%	$30.0M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4545	−0.066%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4545	−0.057%	$135K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4554	+0.124%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4565	+0.375%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4571	+0.503%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4557	+0.198%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4549	+0.022%	$47K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4549	+0.022%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4544	−0.088%	$171	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4548	0.000%	$833K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4544	−0.088%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4542	−0.124%	$218K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4547	−0.021%	$31K	$600	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4548	long leg	—	—	20x
Phoenix WLD	+0.0158%	1h	0.4570	+0.477%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0186%	1h	0.4550	+0.035%	$49.9M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4539	−0.198%	$4.9M	$846K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4548	−0.003%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0482%	1h	0.4549	+0.016%	$880K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4552	+0.088%	$267K	$1.7M	50x	as long as short