Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.033%

Price spread now: Nado against edgeX−0.060%62s7-day average −0.002% · 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−$490.488% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.150%−$15 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now −0.060%, 7d avg −0.002%

Together, before fees−0.228%+ Points / potential airdropedgeX: Active · Nado: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.058% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.002%). Swap the legs. The two prices were read 62 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	edgeX WLDUSDC	0.4582	0.0100	pay 0.0050% / 4h	3h 46m	$27K	$320K	20x
Short	Nado WLD-PERP	0.4579	−0.0014	pay 0.0002% / 1h	46m 35s	$243K	$205K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now −0.060%Rate

Funding earned: −$23.97
Price spread: −0.060% → −0.002%: −$5.76
Slippage, 4 orders: −$32.81
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$78.53
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from edgeX: live order book, 7 min ago; Nado: live order book, 6 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 edgeX live order book, 7 min ago	5.42 bp	9.9 bp −$10	20.0 bp −$200	doesn't fit	doesn't fit
Sell Nado live order book, 6 min ago	2.82 bp	8.6 bp −$9	31.5 bp −$315	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	−0.0014%	1h	0.4579	−0.060%	$243K	$205K	5x
dYdX WLD-USD	0.0000%	1h	0.4571	−0.230%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4575	−0.147%	$49K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4569	−0.278%	$124K	$959K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4572	−0.217%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0018%	8h	0.4572	−0.213%	$6.9M	$11.7M	50x	as long as short
Polymarket Perps WLD-USD	+0.0074%	1h	0.4569	−0.280%	$40K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4570	−0.256%	$28K	$884K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4575	−0.138%	$210K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4574	−0.168%	$49K	$524K	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	0.4576	−0.123%	$87.1M	$329.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4578	−0.082%	$65.2M	$89.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4580	−0.038%	$34.7M	$151.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4570	−0.256%	$7.3M	$36.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4571	−0.235%	$43.3M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4570	−0.256%	$30.2M	$30.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4573	−0.191%	—	$67.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4569	−0.270%	$136K	$302K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4604	+0.479%	$2.2M	$1.6M	—	as long as short
edgeX WLDUSDClong	+0.0100%	4h	0.4582	long leg	$27K	$320K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4580	−0.049%	$610K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4584	+0.049%	$43K	$238K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4575	−0.147%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4568	−0.300%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	−0.322%	$835K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4572	−0.213%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4571	−0.241%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4568	−0.300%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4569	−0.273%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4564	−0.387%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4579	−0.064%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4571	−0.235%	$4.8M	$863K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4570	−0.258%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0320%	1h	0.4580	−0.040%	$328	$55	5x	as long as short
Hyperliquid WLD	+0.0476%	1h	0.4581	−0.008%	$50.4M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0520%	1h	0.4570	−0.253%	$881K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4581	−0.016%	$269K	$1.7M	50x	as long as short
Lighter WLD	+0.0896%	1h	0.4582	+0.001%	$5.1M	$2.6M	10x	as long as short