Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.020%

Price spread now: Nado against MEXC−0.133%7-day average −0.013% · you buy dearer than you sell

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−$290.286% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.124%−$12 on $10k

Price spread, last 4 days (all we have)+0.367%+$37 · spread now −0.133%, 7d avg −0.013%

Together, before fees+0.243%+ Points / potential airdropNado: Active · farm board+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.120% cheaper against MEXC than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4520	0.0100	pay 0.0100% / 8h	7h 50m	$41.9M	$55.5M	300x
Short	Nado WLD-PERP	0.4514	0.0005	get 0.0001% / 1h	50m 36s	$234K	$175K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against MEXC. 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 MEXCbpFee NadobpOrdersPrice spread, now −0.133%Rate

Funding earned: −$19.95
Price spread: −0.133% → −0.013%: −$11.99
Slippage, 4 orders: −$21.59
Fee MEXC: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$60.53
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Nado: live order book, 47 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 MEXC live order book, 3 min ago	1.11 bp	1.1 bp −$1	4.6 bp −$46	26.3 bp −$2,628	71.6 bp −$35.8K
Sell Nado live order book, 47 min ago	5.42 bp	9.1 bp −$9	28.0 bp −$280	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	0.4521	+0.016%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4519	−0.022%	$36K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4528	+0.177%	$119K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4525	+0.111%	$65K	—	150x	as long as short
Nado WLD-PERPshort	+0.0005%	1h	0.4514	−0.133%	$234K	$175K	5x
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4525	+0.111%	$27K	$630K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4520	+0.006%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4521	+0.033%	$54K	$543K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4518	−0.043%	$86.7M	$333.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4513	−0.155%	$63.8M	$89.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4513	−0.155%	$34.2M	$149.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4519	−0.022%	$7.1M	$34.5M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4520	long leg	$41.9M	$55.5M	300x
KuCoin WLDUSDTM	+0.0100%	8h	0.4517	−0.066%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4518	−0.044%	$29.8M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4518	−0.044%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4523	+0.077%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4523	+0.061%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4515	−0.114%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4518	−0.038%	$600K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4516	−0.088%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4527	+0.155%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4531	+0.243%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4524	+0.088%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	0.000%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4524	+0.088%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4516	−0.091%	$208K	$876K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4526	+0.144%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.265%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4525	+0.106%	—	—	20x	as long as short
Phoenix WLD	+0.0194%	1h	0.4520	0.000%	$4K	$44K	10x	as long as short
01 Exchange WLDUSD	+0.0200%	1h	0.4520	−0.007%	$323	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4526	+0.131%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4525	+0.111%	$4.4M	$911K	75x	as long as short
Kraken Futures PF_WLDUSD	+0.0303%	1h	0.4526	+0.138%	$870K	$2.8M	50x	as long as short
Hyperliquid WLD	+0.0304%	1h	0.4526	+0.131%	$50.1M	$43.1M	10x	as long as short
Lighter WLD	+0.0344%	1h	0.4526	+0.135%	$4.9M	$2.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4529	+0.199%	$269K	$1.6M	50x	as long as short