Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h −0.015%

Price spread now: Nado against Orderly−0.120%7-day average −0.031% · you buy dearer than you sell

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

Long on Orderly Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.076%−$8 on $10k

Price spread, last 3 days (all we have)−0.182%−$18 · spread now −0.120%, 7d avg −0.031%

Together, before fees−0.258%+ Points / potential airdropNado: Active · farm board−$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.089% cheaper against Orderly than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of −0.031%). If the spread goes back, that is −$9 on $10k: about 7.0 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WLD_USDC	0.4573	0.0006	pay 0.0006% / 8h	1h 09m	$28K	$912K	10x
Short	Nado WLD-PERP	0.4567	0.0048	get 0.0006% / 1h	9m 56s	$275K	$169K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Orderly. 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 OrderlybpFee NadobpOrdersPrice spread, now −0.120%Rate

Funding earned: $8.88
Price spread: −0.120% → −0.031%: −$8.94
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$13.06
Costs to cover: 0.130%
Break-even: 17.3 days

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 8 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado live order book, 8 min ago	7.55 bp	11.5 bp −$11	52.4 bp −$524	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0291%	8h	0.4573	0.000%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	+0.109%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4567	−0.123%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4575	+0.044%	$108K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4574	+0.025%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDClong	+0.0006%	8h	0.4573	long leg	$28K	$912K	10x
KuCoin WLDUSDTM	+0.0008%	8h	0.4574	+0.022%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERPshort	+0.0048%	1h	0.4567	−0.120%	$275K	$169K	5x
Aster WLDUSDT	+0.0100%	8h	0.4577	+0.088%	$194K	$999K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4571	−0.037%	$53K	$481K	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	0.4577	+0.092%	$86.5M	$297.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4577	+0.087%	$65.5M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4578	+0.109%	$34.2M	$141.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4576	+0.066%	$7.4M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4577	+0.087%	$49.1M	$52.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4575	+0.044%	$30.2M	$25.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4578	+0.109%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4576	+0.074%	$129K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4571	−0.046%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4566	−0.157%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4572	−0.022%	$614K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4565	−0.175%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4572	−0.013%	$41K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4575	+0.044%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4575	+0.044%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	−0.109%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4575	+0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4575	+0.034%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4576	+0.066%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4576	+0.072%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4565	−0.167%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4578	+0.116%	$912K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4569	−0.087%	$4.9M	$812K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4572	−0.013%	$327	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4572	−0.026%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4574	+0.022%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0684%	1h	0.4581	+0.179%	$49.7M	$43.2M	10x	as long as short
Lighter WLD	+0.1000%	1h	0.4586	+0.284%	$5.2M	$2.1M	10x	as long as short