Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0141%/8h= −15.5% APRpaid last 24h −0.022%

Price spread now: Nado against OKX−0.044%7-day average +0.011% · 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−$56as in the Price arb table

costs, in and out, $10k−$500.505% of the position

Long on OKX Short on Nado

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)+0.248%+$25 · spread now −0.044%, 7d avg +0.011%

Together, before fees+0.126%+ Points / potential airdropNado: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.055% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4597	0.0100	pay 0.0100% / 8h	4h 25m	$34.4M	$150.3M	50x
Short	Nado WLD-PERP	0.4595	−0.0041	pay 0.0005% / 1h	25m 31s	$243K	$205K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now −0.044%Rate

Funding earned: −$29.66
Price spread: −0.044% → +0.011%: −$5.48
Slippage, 4 orders: −$33.49
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$85.64
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Nado: live order book, 32 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 OKX live order book, 3 min ago	1.09 bp	7.4 bp −$7	19.5 bp −$195	doesn't fit	doesn't fit
Sell Nado live order book, 32 min ago	11.37 bp	16.7 bp −$17	43.4 bp −$434	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	−0.0101%	8h	0.4590	−0.152%	$39K	$4.6M	1.7x	as long as short
Nado WLD-PERPshort	−0.0041%	1h	0.4595	−0.044%	$243K	$205K	5x
KuCoin WLDUSDTM	−0.0013%	8h	0.4596	−0.022%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4589	−0.172%	$157K	$33K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4595	−0.048%	$67K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4544	−1.153%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0093%	8h	0.4590	−0.152%	$28K	$886K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4595	−0.041%	$5.0M	$2.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4595	−0.038%	$211K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4591	−0.121%	$49K	$527K	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	0.4595	−0.035%	$87.1M	$328.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4595	−0.044%	$65.4M	$89.2M	50x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4597	long leg	$34.4M	$150.3M	50x
Gate WLD_USDT	+0.0100%	8h	0.4592	−0.109%	$7.2M	$37.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4596	−0.022%	$43.9M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4596	−0.022%	$30.3M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4592	−0.109%	—	$67.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4593	−0.076%	$137K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4590	−0.160%	$2.2M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4592	−0.103%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4596	−0.022%	$608K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4591	−0.131%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4593	−0.078%	$47K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4593	−0.087%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4593	−0.087%	$171	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4583	−0.305%	$838K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4594	−0.065%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4592	−0.113%	$221K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4592	−0.109%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4596	−0.017%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4596	−0.028%	$329	$80	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4598	+0.015%	$5K	$52K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0186%	1h	0.4592	−0.109%	$119K	$942K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4592	−0.109%	$4.8M	$834K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4589	−0.182%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0323%	1h	0.4602	+0.109%	$50.6M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0478%	1h	0.4596	−0.029%	$889K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4608	+0.239%	$270K	$1.7M	50x	as long as short