WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h +0.034%

Price spread now: Backpack against Nado+0.068%7-day average +0.042% · 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−$48as in the Price arb table

costs, in and out, $10k−$510.508% of the position

Long on Nado Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.121%+$12 on $10k

Price spread, last 3 days (all we have)−0.090%−$9 · spread now +0.068%, 7d avg +0.042%

Together, before fees+0.031%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.025% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4576	0.0056	pay 0.0007% / 1h	32m 13s	$276K	$169K	5x
Short	Backpack WLD_USDC_PERP	0.4580	0.0100	get 0.0013% / 1h	32m 13s	$129K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.068%Rate

Funding earned: $9.28
Price spread: +0.068% → +0.042%: $2.54
Slippage, 4 orders: −$33.8
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$38.98
Costs to cover: 0.508%
Break-even: 36.4 days

Slippage from Nado: live order book, 45 min ago; Backpack: live order book, 46 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, 45 min ago	7.55 bp	22.7 bp −$23	71.8 bp −$718	doesn't fit	doesn't fit
Sell Backpack live order book, 46 min ago	0.33 bp	8.5 bp −$8	doesn't fit	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	−0.0210%	8h	0.4578	+0.033%	$63K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4578	+0.031%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4580	+0.076%	$111K	$883K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4579	+0.060%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0015%	8h	0.4576	−0.011%	$6.9M	$10.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0027%	8h	0.4578	+0.033%	$28K	$909K	10x	as long as short
Nado WLD-PERPlong	+0.0056%	1h	0.4576	long leg	$276K	$169K	5x
Aster WLDUSDT	+0.0100%	8h	0.4579	+0.061%	$189K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4578	+0.028%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4578	+0.043%	$86.3M	$301.3M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4579	+0.055%	$65.5M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4580	+0.076%	$34.2M	$142.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4577	+0.011%	$7.4M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4579	+0.055%	$45.5M	$52.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4579	+0.055%	$30.2M	$25.8M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4578	+0.033%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERPshort	+0.0100%	1h	0.4580	+0.068%	$129K	$272K	10x
Variational Omni WLD	+0.0100%	8h	0.4579	+0.054%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4583	+0.142%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4584	+0.158%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	+0.142%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4579	+0.059%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4583	+0.142%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4578	+0.033%	$213	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4575	−0.033%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4579	+0.055%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4576	−0.006%	$234K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4580	+0.071%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4590	+0.295%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4576	−0.012%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4580	+0.076%	$4.9M	$823K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4579	+0.053%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0280%	1h	0.4581	+0.087%	$328	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.339%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4583	+0.142%	$271K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0517%	1h	0.4583	+0.138%	$49.7M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0718%	1h	0.4581	+0.094%	$905K	$2.7M	50x	as long as short
Lighter WLD	+0.1464%	1h	0.4590	+0.295%	$5.2M	$2.0M	10x	as long as short