Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.029%

Price spread now: BingX against Nado−0.033%7-day average +0.006% · 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−$49as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.139%+$14 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now −0.033%, 7d avg +0.006%

Together, before fees+0.060%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.039% cheaper against Nado than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.006%). If the spread goes back, that is −$4 on $10k: about 25 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4542	−0.0026	get 0.0003% / 1h	21m 23s	$241K	$205K	5x
Short	BingX WLD-USDT	0.4541	0.0100	get 0.0100% / 8h	3h 21m	—	$67.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $26.4
Price spread: −0.033% → +0.006%: −$3.93
Slippage, 4 orders: −$27.95
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.48
Costs to cover: 0.449%
Break-even: 13.0 days

Slippage from Nado: live order book, 31 min ago; BingX: live order book, 3 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, 31 min ago	2.82 bp	20.4 bp −$20	51.2 bp −$512	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	2.21 bp	7.4 bp −$7	11.7 bp −$117	25.4 bp −$2,545	86.9 bp −$43.4K

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-PERPlong	−0.0026%	1h	0.4542	long leg	$241K	$205K	5x
dYdX WLD-USD	0.0000%	1h	0.4544	+0.026%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4520	−0.495%	$86K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4542	−0.011%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0030%	8h	0.4541	−0.033%	$6.9M	$11.7M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4542	−0.011%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4539	−0.067%	$208K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4542	−0.004%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4542	−0.018%	$86.6M	$330.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4541	−0.033%	$64.6M	$90.2M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4540	−0.055%	$34.3M	$151.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4540	−0.055%	$7.2M	$36.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4541	−0.033%	$40.2M	$55.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4540	−0.055%	$30.0M	$30.2M	75x	as long as short
BingX WLD-USDTshort	+0.0100%	8h	0.4541	−0.033%	—	$67.8M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4527	−0.332%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4546	+0.070%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4532	−0.233%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4542	−0.004%	$601K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4533	−0.209%	$43K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4541	−0.037%	$39K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4547	+0.099%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4541	−0.033%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4539	−0.077%	$830K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4540	−0.055%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4539	−0.072%	$214K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4542	−0.011%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4540	−0.062%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.737%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4526	−0.363%	$5K	$52K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0190%	1h	0.4543	+0.011%	$122K	$981K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4534	−0.187%	$4.9M	$888K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4543	+0.001%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0288%	1h	0.4546	+0.066%	$325	$55	5x	as long as short
Hyperliquid WLD	+0.0369%	1h	0.4547	+0.097%	$49.9M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0522%	1h	0.4546	+0.069%	$882K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4546	+0.077%	$267K	$1.6M	50x	as long as short
Lighter WLD	+0.0832%	1h	0.4549	+0.139%	$5.2M	$2.6M	10x	as long as short