Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h +0.024%

Price spread now: OKX against Nado−0.216%7-day average −0.014% · 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−$66as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.121%+$12 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now −0.216%, 7d avg −0.014%

Together, before fees+0.043%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.202% cheaper against Nado than usual: you would sell low and buy high (spread −0.216% now, against its 7-day average of −0.014%). If the spread goes back, that is −$20 on $10k: about 12 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.121% in total) that is about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4627	0.0043	pay 0.0005% / 1h	36m 57s	$268K	$187K	5x
Short	OKX WLD-USDT-SWAP	0.4617	0.0100	get 0.0100% / 8h	5h 36m	$34.9M	$148.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.216%Rate

Funding earned: $11.95
Price spread: −0.216% → −0.014%: −$20.2
Slippage, 4 orders: −$28.31
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$53.56
Costs to cover: 0.453%
Break-even: 38.4 days

Slippage from Nado: live order book, 26 min ago; OKX: live order book, 2 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, 26 min ago	7.36 bp	14.7 bp −$15	33.6 bp −$336	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.08 bp	8.8 bp −$9	21.0 bp −$210	139.7 bp −$14.0K	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	−0.0137%	8h	0.4625	−0.043%	$58K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0037%	8h	0.4618	−0.195%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4614	−0.290%	$164K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4619	−0.173%	$119K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0002%	1h	0.4623	−0.092%	$58K	—	150x	as long as short
Nado WLD-PERPlong	+0.0043%	1h	0.4627	long leg	$268K	$187K	5x
Orderly PERP_WLD_USDC	+0.0072%	8h	0.4618	−0.195%	$28K	$893K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4619	−0.178%	$176K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4617	−0.212%	$48K	$511K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4619	−0.165%	$87.7M	$324.8M	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	0.4616	−0.238%	$65.9M	$87.9M	50x	as long as short
OKX WLD-USDT-SWAPshort	+0.0100%	8h	0.4617	−0.216%	$34.9M	$148.5M	50x
Gate WLD_USDT	+0.0100%	8h	0.4621	−0.130%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4618	−0.195%	$45.5M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4616	−0.238%	$30.6M	$29.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4621	−0.130%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4623	−0.078%	$138K	$288K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4632	+0.099%	$2.1M	$1.8M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4631	+0.081%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4621	−0.130%	$607K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4621	−0.130%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4629	+0.045%	$54K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4627	0.000%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4619	−0.173%	$292	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	−0.065%	$844K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4625	−0.043%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4616	−0.233%	$213K	$927K	10x	as long as short
01 Exchange WLDUSD	+0.0104%	1h	0.4624	−0.067%	$331	$80	5x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4619	−0.181%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4622	−0.114%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4639	+0.268%	$5K	$57K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4622	−0.108%	$5.0M	$801K	75x	as long as short
Lighter WLD	+0.0224%	1h	0.4625	−0.037%	$5.0M	$2.3M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4623	−0.093%	$5K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4628	+0.022%	$275K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0500%	1h	0.4628	+0.017%	$51.5M	$42.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4616	−0.238%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0896%	1h	0.4621	−0.130%	$899K	$2.9M	50x	as long as short