Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0162%/8h= +17.7% APRpaid last 24h +0.033%

Price spread now: edgeX against Nado+0.089%62s7-day average +0.004% · 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—prices read too far apart to compare

costs, in and out, $10k−$520.521% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.144%+$14 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.089%, 7d avg +0.004%

Together, before fees+0.238%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.085% dearer against Nado than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.004%. 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	Nado WLD-PERP	0.4561	−0.0062	get 0.0008% / 1h	39m 44s	$242K	$205K	5x
Short	edgeX WLDUSDC	0.4565	0.0100	get 0.0050% / 4h	39m 44s	$27K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.089%Rate

Funding earned: $34
Price spread: +0.089% → +0.004%: $8.47
Slippage, 4 orders: −$36.06
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$9.59
Costs to cover: 0.521%
Break-even: 9.0 days

Slippage from Nado: live order book, 18 min ago; edgeX: live order book, 18 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, 18 min ago	11.37 bp	17.6 bp −$18	43.9 bp −$439	doesn't fit	doesn't fit
Sell edgeX live order book, 18 min ago	4.39 bp	8.9 bp −$9	21.7 bp −$217	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	−0.0105%	8h	0.4570	+0.197%	$57K	$4.6M	1.7x	as long as short
Nado WLD-PERPlong	−0.0062%	1h	0.4561	long leg	$242K	$205K	5x
KuCoin WLDUSDTM	−0.0032%	8h	0.4547	−0.307%	$6.9M	$11.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4545	−0.347%	$155K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4557	−0.088%	$118K	$927K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4556	−0.113%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	−0.066%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4567	+0.121%	$327	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0086%	8h	0.4555	−0.132%	$28K	$888K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4554	−0.162%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4554	−0.160%	$199K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4569	+0.186%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4546	−0.323%	$86.2M	$327.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4543	−0.395%	$64.7M	$88.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4544	−0.373%	$34.2M	$148.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4549	−0.263%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4551	−0.219%	$44.2M	$53.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4549	−0.263%	$30.0M	$30.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4549	−0.263%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4554	−0.156%	$135K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4554	−0.161%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDCshort	+0.0100%	4h	0.4565	+0.089%	$27K	$318K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4565	+0.088%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4565	+0.088%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4559	−0.037%	$48K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4565	+0.088%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4554	−0.153%	$174	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	−0.066%	$834K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4553	−0.175%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4547	−0.299%	$218K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4557	−0.083%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4559	−0.039%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4569	+0.184%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0175%	1h	0.4554	−0.160%	$50.0M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4562	+0.022%	$4.9M	$850K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4558	−0.067%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0481%	1h	0.4559	−0.045%	$882K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4575	+0.307%	$269K	$1.7M	50x	as long as short