Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0122%/8h= −13.4% APRnext payment −$0.15 per $10,000 · paid last 24h —

Price spread now: Reya against 01 Exchange+0.384%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Reya

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. Reya is 0.384% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.384% now, against zero (this spread has no 7-day history yet)): +$38 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange WLDUSD	0.4711	0.0256	pay 0.0032% / 1h	5m 01s	$337	$77	5x
Short	Reya WLDRUSDPERP	0.4729	0.0134	get 0.0017% / 1h	5m 01s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against 01 Exchange. 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 01 ExchangebpFee ReyabpOrdersPrice spread, now +0.384%Rate

Funding earned: −$25.65
Price spread: +0.384% → 0.000%: $38.43
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: −$0.23
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Reya: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

01 Exchange and 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
Kalshi KXWLDPERP	−0.0163%	8h	0.4711	+0.011%	$51K	$4.0M	1.7x	as long as short
Nado WLD-PERP	−0.0023%	1h	0.4727	+0.361%	$274K	$178K	5x	as long as short
KuCoin WLDUSDTM	−0.0022%	8h	0.4738	+0.584%	$7.1M	$11.2M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4713	+0.054%	$168K	$12K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4729	+0.392%	$56K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4744	+0.711%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0050%	8h	0.4729	+0.393%	$29K	$900K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4726	+0.326%	$208K	$995K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4714	+0.076%	$55K	$485K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4735	+0.527%	$90.5M	$311.6M	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	0.4740	+0.626%	$68.7M	$83.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4741	+0.647%	$36.0M	$150.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4733	+0.478%	$7.5M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4747	+0.775%	$49.6M	$55.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4746	+0.754%	$31.8M	$27.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4735	+0.520%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4737	+0.569%	$140K	$277K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4705	−0.125%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4729	+0.399%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4728	+0.380%	$624K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4723	+0.265%	$57K	$232K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4713	+0.055%	$48K	$1.8M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4733	+0.478%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4728	+0.372%	$230	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4728	+0.372%	$900K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4726	+0.329%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4743	+0.688%	$219K	$906K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4728	+0.382%	$32K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4729	+0.384%	—	—	20x
Phoenix WLD	+0.0157%	1h	0.4732	+0.456%	$5K	$53K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0173%	1h	0.4731	+0.435%	$147K	$884K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4725	+0.308%	$5.1M	$878K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4729	+0.382%	$6K	—	100x	as long as short
01 Exchange WLDUSDlong	+0.0256%	1h	0.4711	long leg	$337	$77	5x
Kraken Futures PF_WLDUSD	+0.0319%	1h	0.4732	+0.453%	$941K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4731	+0.435%	$277K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0885%	1h	0.4743	+0.696%	$53.2M	$44.1M	10x	as long as short
Lighter WLD	+0.0984%	1h	0.4738	+0.588%	$5.4M	$2.0M	10x	as long as short