Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h +0.024%

Price spread now: Nado against Kalshi+0.011%7-day average +0.093% · 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−$63as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on Kalshi Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.292%−$29 · spread now +0.011%, 7d avg +0.093%

Together, before fees−0.299%+ Points / potential airdropNado: Active · farm board−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.082% cheaper against Kalshi than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.093%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4521	0	get 0.0000% / 8h	6h 50m	$72K	$4.8M	1.7x
Short	Nado WLD-PERP	0.4521	−0.0037	pay 0.0005% / 1h	50m 59s	$240K	$205K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Kalshi. 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 KalshibpFee NadobpOrdersPrice spread, now +0.011%Rate

Funding earned: −$7.75
Price spread: +0.011% → +0.093%: −$8.2
Slippage, 4 orders: −$38.14
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$71.08
Costs to cover: 0.551%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; Nado: live order book, 62 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 Kalshi live order book, 3 min ago	6.64 bp	13.1 bp −$13	20.6 bp −$206	doesn't fit	doesn't fit
Sell Nado live order book, 62 min ago	2.82 bp	8.6 bp −$9	31.5 bp −$315	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
Nado WLD-PERPshort	−0.0037%	1h	0.4521	+0.011%	$240K	$205K	5x
dYdX WLD-USD	0.0000%	1h	0.4521	+0.004%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERPlong	0.0000%	8h	0.4521	long leg	$72K	$4.8M	1.7x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4528	+0.155%	$146K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4525	+0.083%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0037%	8h	0.4525	+0.088%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4523	+0.040%	$324	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0078%	1h	0.4521	+0.004%	$47K	$2.4M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4526	+0.111%	$28K	$853K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4524	+0.071%	$226K	$1.1M	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	0.4521	+0.007%	$47K	$533K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4527	+0.134%	$86.1M	$336.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4528	+0.155%	$64.3M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4529	+0.177%	$34.2M	$153.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4526	+0.111%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4528	+0.155%	$39.1M	$55.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4529	+0.177%	$29.8M	$30.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4526	+0.111%	—	$68.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4528	+0.146%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4526	+0.104%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4514	−0.144%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4521	0.000%	$593K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4517	−0.088%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4525	+0.088%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4525	+0.088%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.022%	$826K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4525	+0.088%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4527	+0.122%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4525	+0.094%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4523	+0.039%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4523	+0.044%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	−0.044%	$6K	$185K	5.5x	as long as short
Lighter WLD	+0.0192%	1h	0.4530	+0.201%	$4.9M	$2.9M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4525	+0.079%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4528	+0.155%	$4.8M	$930K	75x	as long as short
Hyperliquid WLD	+0.0354%	1h	0.4532	+0.248%	$49.1M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0501%	1h	0.4526	+0.113%	$866K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4527	+0.133%	$266K	$1.7M	50x	as long as short