Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.037%

Price spread now: Bitget against Nado−0.011%7-day average −0.027% · 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−$69as in the Price arb table

costs, in and out, $10k−$700.702% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.115%+$12 on $10k

Price spread, last 3 days (all we have)−0.283%−$28 · spread now −0.011%, 7d avg −0.027%

Together, before fees−0.168%+ Points / potential airdropNado: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$1 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	0.4575	0.0074	pay 0.0009% / 1h	50m 26s	$273K	$168K	5x
Short	Bitget WLDUSDT	0.4575	0.0100	get 0.0100% / 8h	2h 50m	$30.2M	$24.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.011%Rate

Funding earned: $5.41
Price spread: −0.011% → −0.027%: $1.62
Slippage, 4 orders: −$51.2
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$63.17
Costs to cover: 0.702%
Break-even: 88.7 days

Slippage from Nado: live order book, 37 min ago; Bitget: live order book, 3 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, 37 min ago	14.47 bp	29.8 bp −$30	74.9 bp −$749	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.09 bp	11.2 bp −$11	24.4 bp −$244	66.9 bp −$6,690	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	−0.0452%	8h	0.4582	+0.142%	$31K	$3.7M	1.7x	as long as short
Variational Omni WLD	−0.0055%	8h	0.4588	+0.263%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0028%	8h	0.4569	−0.142%	$28K	$920K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4582	+0.131%	$156K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4582	+0.142%	$154K	$785K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4567	−0.188%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0014%	8h	0.4572	−0.076%	$7.0M	$10.7M	50x	as long as short
ApeX Omni WLDUSDT	+0.0017%	1h	0.4600	+0.535%	$55K	$226K	50x	as long as short
OKX WLD-USDT-SWAP	+0.0041%	8h	0.4567	−0.186%	$34.6M	$137.2M	50x	as long as short
Phoenix WLD	+0.0052%	1h	0.4597	+0.479%	$5K	$52K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0069%	8h	0.4567	−0.186%	$67.1M	$78.5M	50x	as long as short
Nado WLD-PERPlong	+0.0074%	1h	0.4575	long leg	$273K	$168K	5x
MEXC WLD_USDT	+0.0090%	8h	0.4575	−0.011%	$53.6M	$46.5M	300x	as long as short
Binance WLDUSDT	+0.0091%	8h	0.4567	−0.186%	$87.2M	$289.4M	75x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4581	+0.120%	$210K	$977K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4583	+0.161%	$55K	$475K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4571	−0.098%	$7.5M	$34.0M	75x	as long as short
Bitget WLDUSDTshort	+0.0100%	8h	0.4575	−0.011%	$30.2M	$24.9M	75x
BingX WLD-USDC	+0.0100%	8h	0.4567	−0.186%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4583	+0.155%	$129K	$282K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4599	+0.516%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4607	+0.688%	$624K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4582	+0.138%	$56K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4587	+0.251%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4581	+0.120%	$198	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4579	+0.076%	$862K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4580	+0.098%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4579	+0.079%	$134K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4568	−0.162%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4574	−0.030%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0211%	8h	0.4579	+0.076%	$5.0M	$879K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0222% / S −0.1831%	1h	0.4566	−0.207%	$9K	—	100x	as long as short
Hyperliquid WLD	+0.0333%	1h	0.4585	+0.201%	$47.6M	$40.4M	10x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.016%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4588	+0.273%	$276K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0768%	1h	0.4586	+0.221%	$328	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.1088%	1h	0.4586	+0.219%	$920K	$2.5M	50x	as long as short
Lighter WLD	+0.1104%	1h	0.4593	+0.389%	$5.1M	$2.0M	10x	as long as short