Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h −0.016%

Price spread now: Nado against GRVT+0.333%7-day average −0.007% · 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−$23as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on GRVT Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.124%−$12 on $10k

Price spread, last 3 days (all we have)−0.413%−$41 · spread now +0.333%, 7d avg −0.007%

Together, before fees−0.538%+ Points / potential airdropGRVT: Active · Nado: Active · farm board−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.340% dearer against GRVT than usual: you sell high and buy low (spread +0.333% now, against its 7-day average of −0.007%): +$34 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WLD_USDT_Perp	0.4612	0.0100	pay 0.0100% / 8h	7h 38m	$609K	$1.9M	10x
Short	Nado WLD-PERP	0.4627	−0.0027	pay 0.0003% / 1h	38m 48s	$279K	$169K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GRVT. 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 GRVTbpFee NadobpOrdersPrice spread, now +0.333%Rate

Funding earned: −$26.68
Price spread: +0.333% → −0.007%: $33.98
Slippage, 4 orders: −$40.57
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$49.28
Costs to cover: 0.566%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; Nado: live order book, 34 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 GRVT live order book, 5 min ago	1.09 bp	20.7 bp −$21	30.4 bp −$304	1269.9 bp −$127.0K	doesn't fit
Sell Nado live order book, 34 min ago	5.24 bp	13.4 bp −$13	28.1 bp −$281	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	−0.0188%	8h	0.4629	+0.365%	$58K	$3.9M	1.7x	as long as short
Nado WLD-PERPshort	−0.0027%	1h	0.4627	+0.333%	$279K	$169K	5x
KuCoin WLDUSDTM	−0.0014%	8h	0.4624	+0.257%	$7.0M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4632	+0.437%	$165K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4625	+0.279%	$124K	$863K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4625	+0.281%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4597	−0.328%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0042%	8h	0.4624	+0.257%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4630	+0.394%	$193K	$984K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4634	+0.474%	$54K	$482K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4635	+0.490%	$87.8M	$304.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4638	+0.561%	$66.7M	$82.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4638	+0.561%	$34.7M	$145.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4627	+0.322%	$7.6M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4633	+0.452%	$47.2M	$53.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4627	+0.322%	$30.7M	$26.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4628	+0.344%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4628	+0.339%	$138K	$280K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4618	+0.122%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4618	+0.128%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perplong	+0.0100%	8h	0.4612	long leg	$609K	$1.9M	10x
ApeX Omni WLDUSDT	+0.0100%	1h	0.4622	+0.214%	$54K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4627	+0.331%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4629	+0.365%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4623	+0.235%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4628	+0.344%	$861K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4621	+0.192%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4637	+0.534%	$234K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4624	+0.264%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4624	+0.253%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4615	+0.068%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4627	+0.322%	$4.9M	$831K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4626	+0.294%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4632	+0.435%	$331	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0326%	1h	0.4626	+0.291%	$911K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4630	+0.387%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0726%	1h	0.4636	+0.511%	$51.6M	$43.4M	10x	as long as short
Lighter WLD	+0.0936%	1h	0.4636	+0.526%	$5.2M	$2.0M	10x	as long as short