Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.029%

Price spread now: BingX against Nado−0.066%53s7-day average +0.011% · 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—prices read too far apart to compare

costs, in and out, $10k−$610.612% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.138%+$14 on $10k

Price spread, last 4 days (all we have)−0.180%−$18 · spread now −0.066%, 7d avg +0.011%

Together, before fees−0.042%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.077% cheaper against Nado than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.011%). If the spread goes back, that is −$8 on $10k: about 2.0 days of funding at the current rate (+$4 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4520	−0.0028	get 0.0003% / 1h	10m 36s	$240K	$205K	5x
Short	BingX WLD-USDC	0.4517	0.0100	get 0.0100% / 8h	3h 10m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $26.81
Price spread: −0.066% → +0.011%: −$7.71
Slippage, 4 orders: −$44.24
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$42.14
Costs to cover: 0.612%
Break-even: 18.0 days

Slippage from Nado: live order book, 42 min ago; BingX: live order book, 5 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, 42 min ago	2.82 bp	20.4 bp −$20	51.2 bp −$512	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	2.20 bp	16.1 bp −$16	61.4 bp −$614	543.2 bp −$54.3K	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-PERPlong	−0.0028%	1h	0.4520	long leg	$240K	$205K	5x
dYdX WLD-USD	0.0000%	1h	0.4518	−0.052%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4521	+0.022%	$65K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4520	0.000%	$119K	$988K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4520	−0.007%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0032%	8h	0.4517	−0.066%	$6.8M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4519	−0.022%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4521	+0.015%	$211K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4519	−0.022%	$50K	$526K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4518	−0.044%	$86.1M	$331.9M	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	0.4516	−0.088%	$64.2M	$90.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4518	−0.044%	$34.1M	$151.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4517	−0.066%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4518	−0.044%	$40.1M	$55.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4515	−0.111%	$29.8M	$30.2M	75x	as long as short
BingX WLD-USDCshort	+0.0100%	8h	0.4517	−0.066%	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4518	−0.044%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4516	−0.096%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4527	+0.156%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4527	+0.155%	$600K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4529	+0.199%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4518	−0.044%	$50K	$2.2M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4528	+0.177%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4519	−0.022%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4512	−0.177%	$825K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4519	−0.022%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4515	−0.116%	$214K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4520	+0.008%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4518	−0.049%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4538	+0.398%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4532	+0.274%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4518	−0.044%	$4.8M	$877K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4520	−0.007%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4517	−0.075%	$323	$55	5x	as long as short
Hyperliquid WLD	+0.0319%	1h	0.4522	+0.053%	$49.3M	$43.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0526%	1h	0.4517	−0.060%	$867K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4523	+0.066%	$263K	$1.6M	50x	as long as short
Lighter WLD	+0.0712%	1h	0.4523	+0.064%	$4.9M	$2.9M	10x	as long as short