Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.019%

Price spread now: Binance against Nado+0.009%7-day average +0.017% · 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−$53as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.112%+$11 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.009%, 7d avg +0.017%

Together, before fees−0.057%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4578	−0.0088	get 0.0011% / 1h	50m 59s	$243K	$205K	5x
Short	Binance WLDUSDT	0.4578	0.0100	get 0.0100% / 8h	4h 50m	$86.9M	$327.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.009%Rate

Funding earned: $39.55
Price spread: +0.009% → +0.017%: −$0.83
Slippage, 4 orders: −$34.89
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.18
Costs to cover: 0.519%
Break-even: 9.3 days

Slippage from Nado: live order book, 7 min ago; Binance: live order book, 8 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, 7 min ago	11.37 bp	17.6 bp −$18	43.9 bp −$439	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.10 bp	9.9 bp −$10	18.7 bp −$187	53.6 bp −$5,362	179.2 bp −$89.6K

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	−0.0109%	8h	0.4579	+0.022%	$58K	$4.6M	1.7x	as long as short
Nado WLD-PERPlong	−0.0088%	1h	0.4578	long leg	$243K	$205K	5x
KuCoin WLDUSDTM	−0.0031%	8h	0.4577	−0.022%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4578	+0.004%	$156K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4577	−0.022%	$115K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4578	−0.004%	$55K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	−0.437%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0024%	1h	0.4581	+0.074%	$328	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0082%	8h	0.4576	−0.044%	$28K	$889K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4581	+0.070%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4581	+0.070%	$190K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4579	+0.022%	$49K	$528K	5x	as long as short
Binance WLDUSDTshort	+0.0100%	8h	0.4578	+0.009%	$86.9M	$327.2M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4577	−0.022%	$65.2M	$88.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4581	+0.066%	$34.3M	$149.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4576	−0.044%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4579	+0.022%	$44.9M	$53.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4576	−0.044%	$30.2M	$30.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4577	−0.022%	—	$67.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4578	−0.004%	$134K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4575	−0.072%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4588	+0.227%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4586	+0.175%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4590	+0.262%	$43K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4579	+0.031%	$44K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4585	+0.153%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4575	−0.066%	$175	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4577	−0.022%	$838K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4576	−0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4576	−0.038%	$227K	$974K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4577	−0.022%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4578	−0.005%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4594	+0.343%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0168%	1h	0.4581	+0.068%	$50.3M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4577	−0.022%	$4.9M	$848K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4577	−0.011%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0479%	1h	0.4577	−0.012%	$885K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4578	0.000%	$270K	$1.7M	50x	as long as short