Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.034%

Price spread now: Aster against Nado−0.042%7-day average +0.019% · 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−$89as in the Price arb table

costs, in and out, $10k−$830.831% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.129%+$13 on $10k

Price spread, last 3 days (all we have)−0.161%−$16 · spread now −0.042%, 7d avg +0.019%

Together, before fees−0.033%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.060% cheaper against Nado than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.019%). If the spread goes back, that is −$6 on $10k: about 9.4 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.129% in total) that is about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4602	0.0079	pay 0.0010% / 1h	53m 06s	$275K	$168K	5x
Short	Aster WLDUSDT	0.4601	0.0100	get 0.0100% / 8h	2h 53m	$210K	$977K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now −0.042%Rate

Funding earned: $4.5
Price spread: −0.042% → +0.019%: −$6.03
Slippage, 4 orders: −$68.07
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$84.61
Costs to cover: 0.831%
Break-even: 138.7 days

Slippage from Nado: live order book, 34 min ago; Aster: 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 Nado live order book, 34 min ago	14.47 bp	29.8 bp −$30	74.9 bp −$749	doesn't fit	doesn't fit
Sell Aster live order book, 34 min ago	3.28 bp	21.3 bp −$21	42.8 bp −$428	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	−0.0406%	8h	0.4601	−0.033%	$31K	$3.7M	1.7x	as long as short
Variational Omni WLD	−0.0069%	8h	0.4630	+0.608%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0029%	8h	0.4594	−0.185%	$28K	$921K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4601	−0.043%	$157K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4595	−0.163%	$154K	$785K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4599	−0.084%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0012%	8h	0.4592	−0.228%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0036%	8h	0.4592	−0.228%	$34.7M	$137.6M	50x	as long as short
Phoenix WLD	+0.0052%	1h	0.4597	−0.111%	$5K	$52K	10x	as long as short
Bybit WLDUSDT	+0.0061%	8h	0.4594	−0.185%	$67.5M	$78.5M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLD-PERPlong	+0.0079%	1h	0.4602	long leg	$275K	$168K	5x
MEXC WLD_USDT	+0.0086%	8h	0.4595	−0.163%	$54.1M	$46.3M	300x	as long as short
Binance WLDUSDT	+0.0088%	8h	0.4595	−0.156%	$87.8M	$288.8M	75x	as long as short
Aster WLDUSDTshort	+0.0100%	8h	0.4601	−0.042%	$210K	$977K	50x
Pacifica WLD	+0.0100%	1h	0.4598	−0.101%	$55K	$475K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4592	−0.228%	$7.5M	$33.9M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4592	−0.228%	$30.3M	$24.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4595	−0.163%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4596	−0.137%	$130K	$281K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4620	+0.371%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4607	+0.097%	$624K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4632	+0.641%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4603	+0.013%	$56K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4599	−0.076%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4594	−0.185%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4596	−0.141%	$865K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4594	−0.185%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4592	−0.227%	$134K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4596	−0.141%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4600	−0.063%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0208%	8h	0.4593	−0.206%	$5.0M	$881K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0223% / S −0.1831%	1h	0.4597	−0.116%	$9K	—	100x	as long as short
Hyperliquid WLD	+0.0357%	1h	0.4600	−0.063%	$47.8M	$40.4M	10x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+0.424%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4605	+0.054%	$277K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0784%	1h	0.4628	+0.563%	$331	$77	5x	as long as short
Lighter WLD	+0.0904%	1h	0.4605	+0.050%	$5.1M	$1.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1085%	1h	0.4597	−0.120%	$922K	$2.5M	50x	as long as short