Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.040%

Price spread now: Nado against edgeX+0.003%7-day average +0.005% · 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−$41as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.140%−$14 on $10k

Price spread, last 3 days (all we have)−0.140%−$14 · spread now +0.003%, 7d avg +0.005%

Together, before fees−0.281%+ Points / potential airdropedgeX: Active · Nado: Active · farm board−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX WLDUSDC	0.4589	0.0100	pay 0.0050% / 4h	1h 34m	$27K	$315K	20x
Short	Nado WLD-PERP	0.4589	0.0068	get 0.0009% / 1h	34m 48s	$276K	$169K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now +0.003%Rate

Funding earned: −$6.68
Price spread: +0.003% → +0.005%: −$0.21
Slippage, 4 orders: −$24.33
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$47.22
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from edgeX: live order book, 48 min ago; Nado: live order book, 48 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 edgeX live order book, 48 min ago	4.40 bp	8.9 bp −$9	19.8 bp −$198	doesn't fit	doesn't fit
Sell Nado live order book, 48 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	−0.0369%	8h	0.4584	−0.106%	$44K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+0.744%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0004%	8h	0.4587	−0.041%	$28K	$914K	10x	as long as short
KuCoin WLDUSDTM	−0.0002%	8h	0.4580	−0.193%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4584	−0.095%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4588	−0.019%	$107K	$890K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4588	−0.024%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0056%	8h	0.4588	−0.020%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERPshort	+0.0068%	1h	0.4589	+0.003%	$276K	$169K	5x
Aster WLDUSDT	+0.0100%	8h	0.4582	−0.148%	$215K	$988K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4585	−0.074%	$51K	$480K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4579	−0.214%	$86.8M	$296.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4579	−0.215%	$65.8M	$81.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4578	−0.237%	$34.3M	$140.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4581	−0.172%	$7.5M	$35.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4579	−0.215%	$49.1M	$51.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4577	−0.259%	$30.2M	$25.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4580	−0.193%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4587	−0.047%	$127K	$269K	10x	as long as short
edgeX WLDUSDClong	+0.0100%	4h	0.4589	long leg	$27K	$315K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4590	+0.032%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4625	+0.787%	$56K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4590	+0.020%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4593	+0.090%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4584	−0.106%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4583	−0.128%	$865K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4582	−0.150%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4576	−0.275%	$241K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4587	−0.050%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4603	+0.316%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4588	−0.008%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4588	−0.021%	$913K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4585	−0.085%	$4.9M	$815K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4590	+0.016%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4587	−0.042%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4596	+0.155%	$271K	$1.6M	50x	as long as short
Lighter WLD	+0.0904%	1h	0.4596	+0.144%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.1007%	1h	0.4584	−0.100%	$49.9M	$43.1M	10x	as long as short