Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h —

Price spread now: KuCoin against Reya+0.058%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 KuCoin

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 pays, funding is against you. KuCoin is 0.058% dearer against Reya than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4453	0.0134	pay 0.0017% / 1h	45m 18s	—	—	20x
Short	KuCoin WLDUSDTM	0.4456	0.0052	get 0.0052% / 8h	5h 45m	$6.6M	$10.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$17.19
Price spread: +0.058% → 0.000%: $5.82
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.37
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago	2.24 bp	19.8 bp −$20	41.8 bp −$418	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 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
Polymarket Perps WLD-USD	−0.0226%	1h	0.4454	+0.009%	$46K	$2.6M	10x	as long as short
Deribit WLD_USDC-PERPETUAL	−0.0198%	1h	0.4458	+0.103%	$101K	$1.1M	25x	as long as short
Kraken Futures PF_WLDUSD	−0.0194%	1h	0.4459	+0.129%	$855K	$2.6M	50x	as long as short
Bybit WLDUSDT	−0.0153%	8h	0.4457	+0.081%	$63.7M	$84.9M	50x	as long as short
Nado WLD-PERP	−0.0147%	1h	0.4452	−0.020%	$234K	$159K	5x	as long as short
Gate WLD_USDT	−0.0106%	8h	0.4456	+0.058%	$7.0M	$31.2M	75x	as long as short
01 Exchange WLDUSD	−0.0056%	1h	0.4460	+0.137%	$319	$55	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4456	+0.058%	$67K	$4.2M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4459	+0.116%	$64K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	+0.530%	$6K	$185K	5.5x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX WLD-USD	+0.0007%	1h	0.4459	+0.129%	$152K	$31K	10x	as long as short
KuCoin WLDUSDTMshort	+0.0052%	8h	0.4456	+0.058%	$6.6M	$10.4M	50x
Phoenix WLD	+0.0053%	1h	0.4456	+0.069%	$4K	$40K	10x	as long as short
Variational Omni WLD	+0.0067%	8h	0.4458	+0.111%	$2.0M	$1.4M	—	as long as short
Orderly PERP_WLD_USDC	+0.0088%	8h	0.4456	+0.058%	$27K	$332K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4461	+0.175%	$4.8M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4462	+0.202%	$49.5M	$29.1M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4460	+0.147%	$209K	$884K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4456	+0.058%	$58K	$501K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4457	+0.081%	$84.6M	$313.3M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4457	+0.081%	$33.9M	$140.9M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4458	+0.103%	$41.7M	$54.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4455	+0.036%	$29.3M	$28.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4457	+0.081%	—	$55.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4461	+0.175%	$129K	$275K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4462	+0.191%	$27K	$323K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4463	+0.219%	$593K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4464	+0.238%	$59K	$242K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4460	+0.148%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4457	+0.081%	$233	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4456	+0.058%	$818K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4460	+0.148%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4454	+0.014%	$210K	$659K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4459	+0.122%	$30K	$500	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4453	long leg	—	—	20x
GMX WLD/USD [ETH-USDC]	L +0.0218% / S −0.0967%	1h	0.4459	+0.129%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4456	+0.058%	$4.7M	$906K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4461	+0.170%	$271K	$967K	50x	as long as short