Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0833%/8h= +91.2% APRnext payment +$1.04 per $10,000 · paid last 24h —

Price spread now: GMX against Reya+0.019%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 GMX

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: +$25 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	0.4537	0.0134	pay 0.0017% / 1h	19m 11s	—	—	20x
Short	GMX WLD/USD [ETH-USDC]	0.4538	L +0.0219% / S −0.0967%	get 0.0121% / 1h	19m 11s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.019%Rate

Funding earned: $174.98
Price spread: +0.019% → 0.000%: $1.94
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $158.92
Costs to cover: 0.180%
Break-even: 0.6 days

Slippage unknown: Reya: no order-book sample; GMX: 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 Reya no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Reya and GMX: 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
Nado WLD-PERP	−0.0003%	1h	0.4540	+0.071%	$239K	$169K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4538	+0.029%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4540	+0.071%	$49K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4539	+0.049%	$151K	$956K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4541	+0.092%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0096%	8h	0.4538	+0.027%	$6.7M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4537	+0.005%	$27K	$762K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4542	+0.107%	$227K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4539	+0.058%	$49K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4538	+0.027%	$86.5M	$336.9M	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	0.4536	−0.017%	$64.6M	$90.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4536	−0.017%	$34.3M	$153.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4537	+0.005%	$7.1M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4538	+0.027%	$40.0M	$57.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4536	−0.017%	$29.9M	$31.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4537	+0.005%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4539	+0.051%	$135K	$296K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4537	−0.002%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4546	+0.208%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4547	+0.216%	$608K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4541	+0.093%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4538	+0.029%	$47K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4543	+0.137%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4538	+0.027%	$217	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4537	+0.005%	$830K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4538	+0.027%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4534	−0.053%	$210K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4537	+0.011%	$31K	$500	3x	as long as short
Lighter WLD	+0.0120%	1h	0.4545	+0.170%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+0.975%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4537	long leg	—	—	20x
01 Exchange WLDUSD	+0.0152%	1h	0.4544	+0.164%	$325	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4548	+0.241%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0219% / S −0.0967%	1h	0.4538	+0.019%	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4539	+0.049%	$4.8M	$919K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4545	+0.181%	$274K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0552%	1h	0.4544	+0.157%	$49.9M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1043%	1h	0.4538	+0.032%	$871K	$2.9M	50x	as long as short