Funding you earn now, next payment 23:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.036%
Price spread now: Nado against Backpack+0.103%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$390.392% of the position
Funding, last 3 days (all we have)−0.120%−$12 on $10k
+Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.103%, 7d avg −0.042%
=Together, before fees−0.148%+ Points / potential airdropNado: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.145% dearer against Backpack than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of −0.042%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10.0 days. At the pace of the last 3 days (−0.120% in total) that is about 3.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WLD_USDC_PERP | 0.4566 | 0.0100 | pay 0.0013% / 1h | 17m 12s | $129K | $270K | 10x |
| Short | Nado WLD-PERP | 0.4571 | 0.0052 | get 0.0006% / 1h | 17m 12s | $275K | $169K | 5x |
Backpack WLD_USDC_PERP
Nado WLD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.18
- Price spread: +0.103% → −0.042%
- $14.47
- Slippage, 4 orders
- −$22.17
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$34.87
- Costs to cover
- 0.392%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 1 min ago; Nado: live order book, 65 min ago.
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 Backpack live order book, 1 min ago | 0.33 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 65 min ago | 2.53 bp | 7.2 bp −$7 | 22.7 bp −$227 | doesn't fit | doesn't fit |
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 | −0.0309% | 8h | 0.4571 | +0.103% | $61K | $3.8M | 1.7x | as long as short |
| Injective WLD/USDC PERP | −0.0079% | 1h | 0.4578 | +0.256% | $6K | $185K | 5.5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4574 | +0.166% | $163K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4566 | −0.007% | $107K | $900K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4565 | −0.025% | $57K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0004% | 8h | 0.4565 | −0.028% | $28K | $913K | 10x | as long as short |
| KuCoin WLDUSDTM | +0.0006% | 8h | 0.4562 | −0.094% | $7.0M | $10.8M | 50x | as long as short |
| Nado WLD-PERPshort | +0.0052% | 1h | 0.4571 | +0.103% | $275K | $169K | 5x | |
| Variational Omni WLD | +0.0084% | 8h | 0.4578 | +0.255% | $2.1M | $1.6M | — | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4567 | +0.014% | $200K | $999K | 50x | as long as short |
Kalshi KXWLDPERP
Injective WLD/USDC PERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
KuCoin WLDUSDTM
Variational Omni WLD
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4573 | +0.155% | $53K | $481K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4565 | −0.024% | $86.3M | $297.3M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4566 | −0.007% | $65.4M | $82.0M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4565 | −0.028% | $34.2M | $140.9M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4566 | −0.007% | $7.4M | $35.3M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4565 | −0.028% | $48.8M | $52.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4564 | −0.050% | $30.1M | $25.5M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4565 | −0.028% | — | $67.8M | — | as long as short |
| Backpack WLD_USDC_PERPlong | +0.0100% | 1h | 0.4566 | long leg | $129K | $270K | 10x | |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4580 | +0.309% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4578 | +0.258% | $615K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4580 | +0.300% | $55K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4571 | +0.094% | $47K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4571 | +0.103% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4565 | −0.028% | $199 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4567 | +0.015% | $862K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4566 | −0.007% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4563 | −0.070% | $240K | $855K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4566 | −0.005% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0124% | 1h | 0.4577 | +0.241% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4566 | +0.002% | — | — | 20x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0187% | 1h | 0.4568 | +0.039% | $906K | $2.6M | 50x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4568 | +0.037% | $4.9M | $812K | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0248% | 1h | 0.4575 | +0.182% | $327 | $77 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0260% / S −0.2221% | 1h | 0.4565 | −0.021% | $9K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0424% | 1h | 0.4575 | +0.191% | $270K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0737% | 1h | 0.4572 | +0.114% | $49.7M | $43.1M | 10x | as long as short |
| Lighter WLD | +0.0968% | 1h | 0.4576 | +0.221% | $5.2M | $2.1M | 10x | as long as short |
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Phoenix WLD
Reya WLDRUSDPERP
Kraken Futures PF_WLDUSD
BloFin WLD-USDT
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD