Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.032%

Price spread now: Nado against Aster−0.102%7-day average −0.018% · 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−$65as in the Price arb table

costs, in and out, $10k−$560.564% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.128%−$13 on $10k

Price spread, last 3 days (all we have)+0.214%+$21 · spread now −0.102%, 7d avg −0.018%

Together, before fees+0.086%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.084% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WLDUSDT	0.4568	0.0100	pay 0.0100% / 8h	1h 13m	$200K	$999K	50x
Short	Nado WLD-PERP	0.4563	0.0050	get 0.0006% / 1h	13m 26s	$275K	$169K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now −0.102%Rate

Funding earned: −$10.6
Price spread: −0.102% → −0.018%: −$8.35
Slippage, 4 orders: −$41.37
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$75.33
Costs to cover: 0.564%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Nado: live order book, 4 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 Aster live order book, 5 min ago	1.09 bp	13.3 bp −$13	33.6 bp −$336	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	7.55 bp	11.5 bp −$11	52.4 bp −$524	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	−0.0305%	8h	0.4575	+0.161%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	+0.226%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4566	−0.044%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4572	+0.095%	$108K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4565	−0.056%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0005%	8h	0.4572	+0.095%	$28K	$912K	10x	as long as short
KuCoin WLDUSDTM	+0.0007%	8h	0.4563	−0.102%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERPshort	+0.0050%	1h	0.4563	−0.102%	$275K	$169K	5x
Variational Omni WLD	+0.0094%	8h	0.4568	+0.006%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDTlong	+0.0100%	8h	0.4568	long leg	$200K	$999K	50x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4567	−0.012%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4564	−0.077%	$86.3M	$297.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4564	−0.080%	$65.3M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4563	−0.102%	$34.1M	$140.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4565	−0.058%	$7.4M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4564	−0.080%	$49.0M	$52.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4563	−0.102%	$30.1M	$25.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4566	−0.036%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4574	+0.145%	$129K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4570	+0.046%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4569	+0.022%	$614K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4567	−0.014%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4566	−0.041%	$41K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4581	+0.292%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4572	+0.095%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4564	−0.080%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4572	+0.095%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4562	−0.123%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4573	+0.113%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4576	+0.189%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4563	−0.105%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4576	+0.187%	$912K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4572	+0.095%	$4.9M	$813K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4569	+0.023%	$327	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4573	+0.109%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4580	+0.270%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0700%	1h	0.4570	+0.049%	$49.6M	$43.2M	10x	as long as short
Lighter WLD	+0.0992%	1h	0.4576	+0.178%	$5.2M	$2.1M	10x	as long as short