Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0254%/8h= −27.8% APRpaid last 24h −0.055%

Price spread now: Nado against BloFin−0.033%103s7-day average −0.039% · 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—prices read too far apart to compare

costs, in and out, $10k−$360.363% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.236%−$24 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now −0.033%, 7d avg −0.039%

Together, before fees−0.462%+ Points / potential airdropNado: Active · farm board−$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLD-USDT	0.4576	0.0220	pay 0.0220% / 8h	2h 05m	$4.8M	$923K	75x
Short	Nado WLD-PERP	0.4575	−0.0034	pay 0.0004% / 1h	5m 27s	$241K	$170K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now −0.033%Rate

Funding earned: −$53.35
Price spread: −0.033% → −0.039%: $0.64
Slippage, 4 orders: −$17.34
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$89.05
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Nado: live order book, 42 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 BloFin live order book, 3 min ago	3.28 bp	12.0 bp −$12	17.1 bp −$171	32.9 bp −$3,285	120.2 bp −$60.1K
Sell Nado live order book, 42 min ago	2.11 bp	5.6 bp −$6	27.3 bp −$273	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
Nado WLD-PERPshort	−0.0034%	1h	0.4575	−0.033%	$241K	$170K	5x
dYdX WLD-USD	0.0000%	1h	0.4579	+0.059%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4571	−0.109%	$54K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4574	−0.049%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0067%	8h	0.4573	−0.066%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4575	−0.024%	$327	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4579	+0.066%	$28K	$790K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4578	+0.044%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4579	+0.066%	$51K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4575	−0.027%	$87.1M	$339.1M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4574	−0.044%	$65.2M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4572	−0.087%	$34.7M	$156.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4578	+0.044%	$7.2M	$37.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4573	−0.066%	$40.4M	$56.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4572	−0.087%	$30.3M	$31.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4575	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4582	+0.122%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	+0.059%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4574	−0.052%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.131%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4577	+0.022%	$49K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4572	−0.076%	$47K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4585	+0.197%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4580	+0.087%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4574	−0.044%	$837K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4577	+0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4575	−0.017%	$211K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4581	+0.098%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4572	−0.082%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4578	+0.039%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4584	+0.177%	$5.0M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.699%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0187%	1h	0.4581	+0.109%	$152K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4574	−0.052%	$4K	—	100x	as long as short
BloFin WLD-USDTlong	+0.0220%	8h	0.4576	long leg	$4.8M	$923K	75x
Hyperliquid WLD	+0.0354%	1h	0.4581	+0.098%	$49.9M	$44.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0495%	1h	0.4580	+0.097%	$867K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4582	+0.131%	$276K	$1.7M	50x	as long as short