Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h —

Price spread now: MEXC 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 MEXC

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. MEXC 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 −$1 a day in funding at the current rate, which eats that in about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4515	0.0134	pay 0.0017% / 1h	5m 10s	—	—	20x
Short	MEXC WLD_USDT	0.4518	0.0100	get 0.0100% / 8h	5m 10s	$41.9M	$57.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$7.11
Price spread: +0.058% → 0.000%: $5.78
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$7.33
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	1.11 bp	1.1 bp −$1	4.4 bp −$44	21.2 bp −$2,117	70.2 bp −$35.1K

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
Injective WLD/USDC PERP	−0.0309%	1h	0.4508	−0.164%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4514	−0.040%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4513	−0.053%	$51K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4517	+0.036%	$135K	$986K	25x	as long as short
Nado WLD-PERP	+0.0003%	1h	0.4513	−0.042%	$234K	$175K	5x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4516	+0.014%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4517	+0.036%	$27K	$652K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4517	+0.046%	$228K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4514	−0.041%	$54K	$543K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4517	+0.036%	$86.6M	$333.3M	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	0.4514	−0.031%	$63.9M	$89.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4514	−0.031%	$34.1M	$150.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4517	+0.036%	$7.0M	$36.0M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4518	+0.058%	$41.9M	$57.1M	300x
KuCoin WLDUSDTM	+0.0100%	8h	0.4515	−0.009%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4518	+0.058%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4517	+0.036%	—	$20.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4518	+0.069%	$131K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4509	−0.144%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4515	−0.017%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4518	+0.058%	$606K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4515	−0.009%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4518	+0.049%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4522	+0.146%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4517	+0.036%	$222	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4514	−0.031%	$826K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4515	−0.009%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4513	−0.044%	$208K	$878K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4518	+0.058%	$31K	$500	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4515	long leg	—	—	20x
Phoenix WLD	+0.0177%	1h	0.4519	+0.084%	$4K	$43K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4515	+0.002%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4514	−0.031%	$4.8M	$896K	75x	as long as short
01 Exchange WLDUSD	+0.0224%	1h	0.4519	+0.087%	$323	$55	5x	as long as short
Lighter WLD	+0.0256%	1h	0.4522	+0.151%	$4.9M	$2.9M	10x	as long as short
Hyperliquid WLD	+0.0406%	1h	0.4524	+0.191%	$50.3M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4516	+0.014%	$268K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0457%	1h	0.4518	+0.060%	$869K	$2.8M	50x	as long as short