Funding you earn now, next payment 00:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.034%
Price spread now: Nado against Backpack−0.203%7-day average −0.042% · 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−$67as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 3 days (all we have)−0.121%−$12 on $10k
+Price spread, last 3 days (all we have)+0.225%+$23 · spread now −0.203%, 7d avg −0.042%
=Together, before fees+0.104%+ Points / potential airdropNado: Active · farm board+$10 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 0.160% cheaper against Backpack than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WLD_USDC_PERP | 0.4586 | 0.0100 | pay 0.0013% / 1h | 26m 40s | $129K | $272K | 10x |
| Short | Nado WLD-PERP | 0.4577 | 0.0048 | get 0.0006% / 1h | 26m 40s | $276K | $169K | 5x |
Backpack WLD_USDC_PERP
Nado WLD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.02
- Price spread: −0.203% → −0.042%
- −$16.04
- Slippage, 4 orders
- −$33.8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$77.86
- Costs to cover
- 0.508%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 52 min ago; Nado: live order book, 51 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 Backpack live order book, 52 min ago | 0.33 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 51 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 | −0.0201% | 8h | 0.4579 | −0.159% | $63K | $3.9M | 1.7x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4577 | −0.193% | $163K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4583 | −0.072% | $113K | $885K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4582 | −0.090% | $56K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0011% | 8h | 0.4571 | −0.334% | $6.9M | $11.0M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0030% | 8h | 0.4582 | −0.094% | $28K | $908K | 10x | as long as short |
| Nado WLD-PERPshort | +0.0048% | 1h | 0.4577 | −0.203% | $276K | $169K | 5x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4582 | −0.104% | $189K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4577 | −0.205% | $53K | $483K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4575 | −0.244% | $86.3M | $301.5M | 75x | as long as short |
Kalshi KXWLDPERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4573 | −0.290% | $65.4M | $82.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4572 | −0.312% | $34.2M | $142.5M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4574 | −0.268% | $7.4M | $35.7M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4574 | −0.268% | $45.7M | $53.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4572 | −0.312% | $30.1M | $25.9M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4575 | −0.246% | — | $67.1M | — | as long as short |
| Backpack WLD_USDC_PERPlong | +0.0100% | 1h | 0.4586 | long leg | $129K | $272K | 10x | |
| Variational Omni WLD | +0.0100% | 8h | 0.4586 | −0.007% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4580 | −0.143% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4588 | +0.029% | $619K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4583 | −0.072% | $55K | $228K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4582 | −0.089% | $45K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4589 | +0.059% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4581 | −0.116% | $214 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4579 | −0.159% | $853K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4585 | −0.028% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4572 | −0.319% | $233K | $845K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4583 | −0.081% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0104% | 1h | 0.4587 | +0.004% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4578 | −0.182% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4585 | −0.028% | $4.9M | $825K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4582 | −0.088% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0264% | 1h | 0.4584 | −0.044% | $328 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0373% | 1h | 0.4592 | +0.124% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4577 | −0.203% | $270K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0486% | 1h | 0.4588 | +0.048% | $49.7M | $43.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0717% | 1h | 0.4584 | −0.055% | $906K | $2.7M | 50x | as long as short |
| Lighter WLD | +0.1440% | 1h | 0.4583 | −0.070% | $5.2M | $2.0M | 10x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Phoenix WLD
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Lighter WLD