Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0196%/8h= −21.4% APRpaid last 24h −0.055%

Price spread now: Nado against BloFin+0.055%7-day average −0.039% · 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−$40as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.236%−$24 on $10k

Price spread, last 4 days (all we have)−0.272%−$27 · spread now +0.055%, 7d avg −0.039%

Together, before fees−0.508%+ Points / potential airdropNado: Active · farm board−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.094% dearer against BloFin than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.039%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLD-USDT	0.4506	0.0220	pay 0.0220% / 8h	1h 34m	$4.8M	$926K	75x
Short	Nado WLD-PERP	0.4508	0.0024	get 0.0003% / 1h	34m 17s	$237K	$170K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now +0.055%Rate

Funding earned: −$41.08
Price spread: +0.055% → −0.039%: $9.43
Slippage, 4 orders: −$30.27
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$80.92
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Nado: live order book, 8 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 BloFin live order book, 4 min ago	3.32 bp	11.2 bp −$11	15.0 bp −$150	41.6 bp −$4,158	133.0 bp −$66.5K
Sell Nado live order book, 8 min ago	7.28 bp	10.8 bp −$11	24.4 bp −$244	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
dYdX WLD-USD	0.0000%	1h	0.4511	+0.116%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4507	+0.022%	$55K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4505	−0.022%	$150K	$996K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4505	−0.022%	$65K	—	150x	as long as short
Nado WLD-PERPshort	+0.0024%	1h	0.4508	+0.055%	$237K	$170K	5x
KuCoin WLDUSDTM	+0.0082%	8h	0.4503	−0.067%	$6.7M	$11.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4505	−0.022%	$27K	$786K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4508	+0.050%	$225K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4511	+0.111%	$50K	$541K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4507	+0.022%	$86.0M	$340.3M	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	0.4507	+0.022%	$64.4M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4509	+0.067%	$34.0M	$153.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4506	0.000%	$7.1M	$36.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4509	+0.067%	$40.4M	$57.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4503	−0.067%	$29.7M	$31.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4505	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4511	+0.122%	$134K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4514	+0.171%	$2.0M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4520	+0.320%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4521	+0.336%	$596K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4522	+0.355%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4505	−0.031%	$47K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4511	+0.111%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4505	−0.022%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	+0.111%	$825K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4507	+0.022%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4502	−0.079%	$208K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4506	+0.009%	$31K	$500	3x	as long as short
Lighter WLD	+0.0128%	1h	0.4513	+0.164%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.664%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4505	−0.016%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4510	+0.084%	$323	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4526	+0.446%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4510	+0.083%	$4K	—	100x	as long as short
BloFin WLD-USDTlong	+0.0220%	8h	0.4506	long leg	$4.8M	$926K	75x
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4509	+0.067%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0603%	1h	0.4512	+0.135%	$49.4M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1050%	1h	0.4507	+0.023%	$865K	$2.9M	50x	as long as short