WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.036%

Price spread now: Backpack against Nado+0.022%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on Nado Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.120%+$12 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.022%, 7d avg +0.042%

Together, before fees+0.023%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4576	0.0051	pay 0.0006% / 1h	18m 53s	$276K	$169K	5x
Short	Backpack WLD_USDC_PERP	0.4577	0.0100	get 0.0013% / 1h	18m 53s	$129K	$270K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Nado. 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 NadobpFee BackpackbpOrdersPrice spread, now +0.022%Rate

Funding earned: $10.35
Price spread: +0.022% → +0.042%: −$2
Slippage, 4 orders: −$25.57
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$34.21
Costs to cover: 0.426%
Break-even: 30.1 days

Slippage from Nado: live order book, 64 min ago; Backpack: live order book, 64 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 Nado live order book, 64 min ago	2.53 bp	15.3 bp −$15	36.3 bp −$363	doesn't fit	doesn't fit
Sell Backpack live order book, 64 min ago	0.44 bp	13.6 bp −$14	doesn't fit	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	−0.0315%	8h	0.4579	+0.076%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+1.038%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4579	+0.085%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4577	+0.033%	$108K	$900K	25x	as long as short
Orderly PERP_WLD_USDC	+0.0003%	8h	0.4576	+0.011%	$28K	$913K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4578	+0.057%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0005%	8h	0.4572	−0.076%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERPlong	+0.0051%	1h	0.4576	long leg	$276K	$169K	5x
Variational Omni WLD	+0.0084%	8h	0.4578	+0.053%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4576	+0.015%	$200K	$998K	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	0.4577	+0.042%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4574	−0.033%	$86.5M	$297.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4574	−0.033%	$65.5M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4572	−0.076%	$34.2M	$141.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4572	−0.076%	$7.4M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4575	−0.011%	$49.0M	$52.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4572	−0.076%	$30.1M	$25.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4575	−0.011%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERPshort	+0.0100%	1h	0.4577	+0.022%	$129K	$270K	10x
edgeX WLDUSDC	+0.0100%	4h	0.4580	+0.107%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4580	+0.096%	$615K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	+0.098%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4579	+0.072%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4583	+0.164%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4575	−0.011%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4578	+0.055%	$864K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4574	−0.033%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4572	−0.074%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4577	+0.022%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4583	+0.166%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4576	+0.009%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4581	+0.111%	$907K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4574	−0.033%	$4.9M	$813K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4580	+0.092%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4578	+0.053%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4586	+0.229%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0750%	1h	0.4580	+0.087%	$49.8M	$43.1M	10x	as long as short
Lighter WLD	+0.0968%	1h	0.4586	+0.234%	$5.2M	$2.1M	10x	as long as short