Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.020%

Price spread now: MEXC against Nado0.000%7-day average +0.012% · 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−$30as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.114%+$11 on $10k

Price spread, last 4 days (all we have)−0.540%−$54 · spread now 0.000%, 7d avg +0.012%

Together, before fees−0.426%+ Points / potential airdropNado: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$2 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	0.4518	0.0018	pay 0.0002% / 1h	53m 05s	$234K	$175K	5x
Short	MEXC WLD_USDT	0.4518	0.0100	get 0.0100% / 8h	7h 53m	$41.9M	$55.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $17.27
Price spread: 0.000% → +0.012%: −$1.17
Slippage, 4 orders: −$21.59
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$12.5
Costs to cover: 0.286%
Break-even: 12.1 days

Slippage from Nado: live order book, 44 min ago; MEXC: 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, 44 min ago	5.42 bp	17.2 bp −$17	35.3 bp −$353	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.11 bp	1.1 bp −$1	4.4 bp −$44	21.0 bp −$2,102	75.6 bp −$37.8K

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
dYdX WLD-USD	0.0000%	1h	0.4512	−0.131%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4516	−0.044%	$40K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4521	+0.066%	$119K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4515	−0.060%	$65K	—	150x	as long as short
Nado WLD-PERPlong	+0.0018%	1h	0.4518	long leg	$234K	$175K	5x
Gate WLD_USDT	+0.0066%	8h	0.4516	−0.044%	$7.1M	$34.5M	75x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4519	+0.022%	$27K	$631K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4519	+0.024%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4514	−0.094%	$54K	$543K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4516	−0.033%	$86.7M	$333.3M	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	0.4514	−0.089%	$63.9M	$89.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4515	−0.066%	$34.2M	$150.0M	50x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4518	0.000%	$41.9M	$55.5M	300x
KuCoin WLDUSDTM	+0.0100%	8h	0.4515	−0.066%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4517	−0.022%	$29.8M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4517	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4520	+0.051%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4509	−0.205%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4507	−0.244%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4521	+0.069%	$597K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4507	−0.243%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4519	+0.022%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4523	+0.111%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4518	0.000%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	+0.044%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4518	0.000%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4514	−0.091%	$208K	$876K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4520	+0.040%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.221%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4516	−0.038%	—	—	20x	as long as short
Phoenix WLD	+0.0194%	1h	0.4520	+0.044%	$4K	$44K	10x	as long as short
01 Exchange WLDUSD	+0.0208%	1h	0.4518	+0.004%	$323	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4519	+0.015%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4521	+0.066%	$4.4M	$910K	75x	as long as short
Kraken Futures PF_WLDUSD	+0.0303%	1h	0.4520	+0.046%	$869K	$2.8M	50x	as long as short
Lighter WLD	+0.0304%	1h	0.4524	+0.131%	$4.9M	$2.9M	10x	as long as short
Hyperliquid WLD	+0.0348%	1h	0.4523	+0.113%	$50.3M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4523	+0.111%	$269K	$1.6M	50x	as long as short