Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0206%/8h= −22.5% APRpaid last 24h —

Price spread now: Gate against Reya+0.002%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Gate

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4473	0.0134	pay 0.0017% / 1h	54m 16s	—	—	20x
Short	Gate WLD_USDT	0.4473	−0.0072	pay 0.0072% / 8h	5h 54m	$7.0M	$31.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.002%Rate

Funding earned: −$43.23
Price spread: +0.002% → 0.000%: $0.19
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.04
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	1.12 bp	16.0 bp −$16	35.7 bp −$357	55.2 bp −$5,520	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 exchanges

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
Deribit WLD_USDC-PERPETUAL	−0.0197%	1h	0.4476	+0.069%	$102K	$1.1M	25x	as long as short
Kraken Futures PF_WLDUSD	−0.0193%	1h	0.4477	+0.096%	$874K	$2.6M	50x	as long as short
Nado WLD-PERP	−0.0120%	1h	0.4475	+0.035%	$235K	$159K	5x	as long as short
Polymarket Perps WLD-USD	−0.0114%	1h	0.4470	−0.061%	$48K	$2.6M	10x	as long as short
Bybit WLDUSDT	−0.0099%	8h	0.4472	−0.020%	$63.7M	$84.8M	50x	as long as short
01 Exchange WLDUSD	−0.0080%	1h	0.4476	+0.076%	$320	$55	5x	as long as short
Gate WLD_USDTshort	−0.0072%	8h	0.4473	+0.002%	$7.0M	$31.0M	75x
Kalshi KXWLDPERP	0.0000%	8h	0.4481	+0.181%	$51K	$4.2M	1.7x	as long as short
dYdX WLD-USD	+0.0002%	1h	0.4477	+0.089%	$153K	$31K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4475	+0.047%	$65K	—	150x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	+0.091%	$6K	$185K	5.5x	as long as short
KuCoin WLDUSDTM	+0.0069%	8h	0.4473	+0.002%	$6.6M	$10.4M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0090%	8h	0.4473	+0.002%	$27K	$342K	10x	as long as short
Variational Omni WLD	+0.0094%	8h	0.4473	+0.010%	$2.1M	$1.4M	—	as long as short
Lighter WLD	+0.0096%	1h	0.4480	+0.167%	$4.8M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4479	+0.145%	$49.4M	$28.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4477	+0.091%	$210K	$884K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4478	+0.114%	$58K	$498K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4474	+0.028%	$85.1M	$311.7M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4473	+0.002%	$34.1M	$140.5M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4476	+0.069%	$42.5M	$54.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4474	+0.024%	$29.6M	$28.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4473	+0.002%	—	$55.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4478	+0.111%	$126K	$273K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4484	+0.242%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4488	+0.337%	$593K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4488	+0.337%	$59K	$242K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4480	+0.158%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4475	+0.047%	$231	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4473	+0.002%	$820K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4477	+0.091%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4472	−0.020%	$211K	$659K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4476	+0.069%	$30K	$500	3x	as long as short
Phoenix WLD	+0.0123%	1h	0.4492	+0.420%	$4K	$40K	10x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4473	long leg	—	—	20x
GMX WLD/USD [ETH-USDC]	L +0.0218% / S −0.0967%	1h	0.4478	+0.116%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4482	+0.203%	$4.8M	$908K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4476	+0.069%	$272K	$974K	50x	as long as short