Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.022%

Price spread now: Nado against Binance−0.112%7-day average −0.013% · 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−$54as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.112%−$11 on $10k

Price spread, last 3 days (all we have)+0.153%+$15 · spread now −0.112%, 7d avg −0.013%

Together, before fees+0.041%+ Points / potential airdropNado: Active · farm board+$4 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 0.099% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLDUSDT	0.4717	0.0100	pay 0.0100% / 8h	7h 26m	$89.8M	$305.8M	75x
Short	Nado WLD-PERP	0.4711	−0.0026	pay 0.0003% / 1h	26m 23s	$281K	$172K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.112%Rate

Funding earned: −$26.55
Price spread: −0.112% → −0.013%: −$9.89
Slippage, 4 orders: −$26.81
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$80.25
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Nado: live order book, 46 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 Binance live order book, 2 min ago	1.07 bp	9.0 bp −$9	14.6 bp −$146	42.8 bp −$4,281	200.1 bp −$100.1K
Sell Nado live order book, 46 min ago	5.24 bp	13.4 bp −$13	28.1 bp −$281	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	−0.0177%	8h	0.4690	−0.568%	$38K	$3.9M	1.7x	as long as short
Phemex WLDUSDT	−0.0093%	8h	0.4695	−0.462%	$1.9M	$3.7M	50x	as long as short
Nado WLD-PERPshort	−0.0026%	1h	0.4711	−0.112%	$281K	$172K	5x
KuCoin WLDUSDTM	−0.0017%	8h	0.4707	−0.207%	$7.0M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4701	−0.341%	$168K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4695	−0.462%	$135K	$863K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4715	−0.037%	$58K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−1.225%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0045%	8h	0.4715	−0.038%	$29K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4705	−0.245%	$192K	$967K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4702	−0.306%	$55K	$481K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4717	long leg	$89.8M	$305.8M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4716	−0.017%	$67.9M	$82.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4715	−0.038%	$35.5M	$148.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4713	−0.080%	$7.7M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4713	−0.080%	$48.9M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4721	+0.089%	$31.5M	$26.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4713	−0.080%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4696	−0.451%	$140K	$279K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4714	−0.065%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4656	−1.288%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	−1.161%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4661	−1.183%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4713	−0.080%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4701	−0.335%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4695	−0.462%	$222	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4692	−0.525%	$872K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4702	−0.303%	$221K	$863K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4718	+0.024%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4711	−0.117%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4668	−1.024%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4693	−0.504%	$4.9M	$869K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4715	−0.043%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4712	−0.108%	$337	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0321%	1h	0.4699	−0.385%	$923K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4688	−0.610%	$278K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0796%	1h	0.4720	+0.062%	$52.6M	$43.6M	10x	as long as short
Lighter WLD	+0.0920%	1h	0.4709	−0.173%	$5.3M	$2.0M	10x	as long as short