Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h +0.008%

Price spread now: Variational Omni against Nado−0.351%7-day average +0.018% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.644%+$64 · spread now −0.351%, 7d avg +0.018%

Together, before fees+0.751%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board+$75 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.369% cheaper against Nado than usual: you would sell low and buy high (spread −0.351% now, against its 7-day average of +0.018%). If the spread goes back, that is −$37 on $10k: about 33 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.107% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4644	0.0063	pay 0.0008% / 1h	41m 51s	$269K	$187K	5x
Short	Variational Omni WLD	0.4628	0.0100	get 0.0100% / 8h	5h 41m	$2.1M	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.351%Rate

Funding earned: $7.83
Price spread: −0.351% → +0.018%: −$36.93
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$36.1
Costs to cover: 0.070%
Break-even: 39.3 days

Slippage unknown: Nado: live order book, 21 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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, 21 min ago	7.36 bp	14.7 bp −$15	33.6 bp −$336	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	5.41 bp	doesn't fit	20.6 bp −$206	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 KXWLDPERP	−0.0141%	8h	0.4652	+0.172%	$58K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0038%	8h	0.4625	−0.409%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4660	+0.347%	$166K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4642	−0.043%	$120K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4644	−0.004%	$56K	—	150x	as long as short
Nado WLD-PERPlong	+0.0063%	1h	0.4644	long leg	$269K	$187K	5x
Orderly PERP_WLD_USDC	+0.0071%	8h	0.4640	−0.086%	$28K	$893K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4643	−0.028%	$177K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4654	+0.219%	$51K	$508K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4624	−0.440%	$87.8M	$325.0M	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	0.4623	−0.452%	$66.0M	$87.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4623	−0.452%	$35.0M	$148.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4628	−0.345%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4627	−0.366%	$45.6M	$54.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4626	−0.388%	$30.6M	$29.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4623	−0.452%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4638	−0.129%	$138K	$290K	10x	as long as short
Variational Omni WLDshort	+0.0100%	8h	0.4628	−0.351%	$2.1M	$1.8M	—
edgeX WLDUSDC	+0.0100%	4h	0.4634	−0.226%	$28K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4615	−0.624%	$611K	$1.8M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4641	−0.065%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4646	+0.032%	$54K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4651	+0.151%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4642	−0.043%	$296	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4644	0.000%	$848K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4642	−0.043%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4625	−0.403%	$214K	$927K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4623	−0.444%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4643	−0.022%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0152%	1h	0.4645	+0.030%	$332	$80	5x	as long as short
Phoenix WLD	+0.0172%	1h	0.4626	−0.392%	$5K	$57K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4655	+0.237%	$5.0M	$808K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4644	+0.002%	$5K	—	100x	as long as short
Lighter WLD	+0.0368%	1h	0.4646	+0.032%	$5.0M	$2.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4660	+0.345%	$278K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0539%	1h	0.4646	+0.039%	$51.7M	$42.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4650	+0.129%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0892%	1h	0.4642	−0.049%	$904K	$2.9M	50x	as long as short