Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h —

Price spread now: Orderly against Reya+0.039%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 Orderly

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. Orderly is 0.039% dearer against Reya than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLDRUSDPERP	0.4516	0.0134	pay 0.0017% / 1h	37m 10s	—	—	20x
Short	Orderly PERP_WLD_USDC	0.4518	0.0099	get 0.0099% / 8h	37m 10s	$27K	$708K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.039%Rate

Funding earned: −$7.4
Price spread: +0.039% → 0.000%: $3.94
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$15.46
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Orderly: 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 Orderly no order-book sample	—	—	—	—	—

Reya and Orderly: 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	0.4531	+0.327%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0033%	1h	0.4516	+0.006%	$235K	$167K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4518	+0.042%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4521	+0.106%	$50K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4518	+0.035%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDCshort	+0.0099%	8h	0.4518	+0.039%	$27K	$708K	10x
Aster WLDUSDT	+0.0100%	8h	0.4522	+0.118%	$224K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4522	+0.128%	$49K	$531K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4521	+0.102%	$86.7M	$334.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4518	+0.039%	$64.2M	$89.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4521	+0.106%	$34.2M	$151.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4519	+0.062%	$7.1M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4518	+0.039%	$41.7M	$56.3M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4516	−0.005%	$6.6M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4518	+0.039%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4519	+0.062%	—	$72.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4520	+0.079%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4541	+0.540%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4528	+0.264%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4531	+0.324%	$605K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4544	+0.615%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4519	+0.059%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4525	+0.194%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4518	+0.039%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4517	+0.017%	$826K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4518	+0.039%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4516	−0.015%	$208K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4520	+0.087%	$31K	$500	3x	as long as short
Reya WLDRUSDPERPlong	+0.0134%	1h	0.4516	long leg	—	—	20x
Lighter WLD	+0.0152%	1h	0.4521	+0.099%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4553	+0.814%	$5K	$43K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0193%	1h	0.4519	+0.062%	$140K	$979K	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4518	+0.029%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4517	+0.017%	$4.8M	$903K	75x	as long as short
01 Exchange WLDUSD	+0.0232%	1h	0.4518	+0.050%	$323	$55	5x	as long as short
Hyperliquid WLD	+0.0434%	1h	0.4524	+0.163%	$50.3M	$43.8M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4522	+0.128%	$272K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0457%	1h	0.4518	+0.034%	$864K	$2.8M	50x	as long as short