Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0129%/8h= −14.1% APRpaid last 24h −0.034%

Price spread now: Kalshi against Nado−0.032%7-day average −0.096% · 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−$46as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on Nado Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.501%+$50 · spread now −0.032%, 7d avg −0.096%

Together, before fees+0.507%+ Points / potential airdropNado: Active · farm board+$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.064% dearer against Nado than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.096%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4631	0.0009	pay 0.0001% / 1h	12m 48s	$268K	$187K	5x
Short	Kalshi KXWLDPERP	0.4629	−0.0121	pay 0.0121% / 8h	1h 12m	$46K	$4.6M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now −0.032%Rate

Funding earned: −$27.11
Price spread: −0.032% → −0.096%: $6.41
Slippage, 4 orders: −$35.31
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$73.01
Costs to cover: 0.523%
Break-even: never at this rate

Slippage from Nado: live order book, 50 min ago; Kalshi: live order book, 1 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, 50 min ago	7.36 bp	14.7 bp −$15	33.6 bp −$336	doesn't fit	doesn't fit
Sell Kalshi live order book, 1 min ago	3.24 bp	18.5 bp −$19	29.7 bp −$297	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 KXWLDPERPshort	−0.0121%	8h	0.4629	−0.032%	$46K	$4.6M	1.7x
KuCoin WLDUSDTM	−0.0024%	8h	0.4616	−0.313%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4634	+0.077%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4625	−0.119%	$120K	$920K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4628	−0.057%	$55K	—	150x	as long as short
Nado WLD-PERPlong	+0.0009%	1h	0.4631	long leg	$268K	$187K	5x
01 Exchange WLDUSD	+0.0056%	1h	0.4632	+0.032%	$331	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0077%	8h	0.4623	−0.162%	$28K	$890K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4625	−0.111%	$174K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4635	+0.097%	$49K	$511K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4620	−0.227%	$87.8M	$326.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4619	−0.248%	$66.0M	$88.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4621	−0.205%	$34.9M	$149.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4618	−0.270%	$7.2M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4618	−0.270%	$45.6M	$54.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4621	−0.205%	$30.7M	$29.7M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4620	−0.227%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4621	−0.199%	$134K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4639	+0.175%	$2.2M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4634	+0.082%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4635	+0.089%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4633	+0.054%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4633	+0.056%	$55K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4629	−0.032%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4623	−0.162%	$177	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	−0.140%	$845K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4621	−0.205%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4616	−0.306%	$213K	$929K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4624	−0.149%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4628	−0.050%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4653	+0.490%	$5K	$57K	10x	as long as short
Lighter WLD	+0.0184%	1h	0.4629	−0.022%	$5.0M	$2.3M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4622	−0.184%	$5.0M	$803K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4627	−0.085%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0477%	1h	0.4628	−0.048%	$51.5M	$42.7M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4640	+0.205%	$274K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	+0.119%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0895%	1h	0.4625	−0.124%	$895K	$2.9M	50x	as long as short