Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0184%/8h= +20.1% APRpaid last 24h +0.062%

Price spread now: BloFin against Nado+0.055%7-day average +0.054% · 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−$72as in the Price arb table

costs, in and out, $10k−$720.716% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.214%+$21 on $10k

Price spread, last 3 days (all we have)+0.398%+$40 · spread now +0.055%, 7d avg +0.054%

Together, before fees+0.612%+ Points / potential airdropNado: Active · farm board+$61 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, 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	0.4557	0.0036	pay 0.0005% / 1h	24m 36s	$272K	$168K	5x
Short	BloFin WLD-USDT	0.4560	0.0220	get 0.0220% / 8h	2h 24m	$4.9M	$810K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.055%Rate

Funding earned: $38.6
Price spread: +0.055% → +0.054%: $0.04
Slippage, 4 orders: −$52.63
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$32.99
Costs to cover: 0.716%
Break-even: 13.0 days

Slippage from Nado: live order book, 63 min ago; BloFin: live order book, 4 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, 63 min ago	14.47 bp	29.8 bp −$30	74.9 bp −$749	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	5.48 bp	11.5 bp −$11	15.9 bp −$159	41.4 bp −$4,140	117.8 bp −$58.9K

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	−0.0446%	8h	0.4565	+0.165%	$44K	$3.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	−0.0188%	1h	0.4560	+0.055%	$128K	$903K	25x	as long as short
Orderly PERP_WLD_USDC	−0.0023%	8h	0.4560	+0.055%	$28K	$917K	10x	as long as short
Variational Omni WLD	−0.0017%	8h	0.4577	+0.435%	$2.1M	$1.6M	—	as long as short
dYdX WLD-USD	0.0000%	1h	0.4564	+0.139%	$156K	$6K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4561	+0.088%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0009%	8h	0.4561	+0.077%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERPlong	+0.0036%	1h	0.4557	long leg	$272K	$168K	5x
Phoenix WLD	+0.0052%	1h	0.4571	+0.305%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0070%	8h	0.4557	−0.011%	$34.1M	$138.5M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLD	+0.0100%	1h	0.4566	+0.182%	$47.2M	$40.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4565	+0.168%	$216K	$981K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4561	+0.077%	$51K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4558	+0.011%	$85.7M	$292.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4557	−0.011%	$65.1M	$80.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4558	+0.011%	$7.5M	$34.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4558	+0.011%	$54.0M	$47.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4558	+0.011%	$30.2M	$25.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4559	+0.033%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4561	+0.077%	$129K	$272K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4569	+0.259%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4575	+0.383%	$613K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4572	+0.318%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4557	−0.009%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4565	+0.165%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4560	+0.055%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	+0.230%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4560	+0.055%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4557	−0.009%	$134K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4565	+0.169%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4557	−0.013%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4560	+0.062%	$12K	—	100x	as long as short
BloFin WLD-USDTshort	+0.0220%	8h	0.4560	+0.055%	$4.9M	$810K	75x
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.415%	$6K	$139K	5.5x	as long as short
01 Exchange WLDUSD	+0.0392%	1h	0.4562	+0.108%	$326	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4578	+0.450%	$280K	$1.6M	50x	as long as short
Lighter WLD	+0.1008%	1h	0.4569	+0.246%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1093%	1h	0.4564	+0.139%	$924K	$2.6M	50x	as long as short