Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0153%/8h= +16.7% APRpaid last 24h +0.033%

Price spread now: HTX against Nado−0.396%7-day average −0.137% · 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−$186as in the Price arb table

costs, in and out, $10k−$1601.604% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)+0.456%+$46 · spread now −0.396%, 7d avg −0.137%

Together, before fees+0.550%+ Points / potential airdropNado: Active · farm board+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.259% cheaper against Nado than usual: you would sell low and buy high (spread −0.396% now, against its 7-day average of −0.137%). If the spread goes back, that is −$26 on $10k: about 5.6 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4551	−0.0053	get 0.0007% / 1h	35m 20s	$241K	$205K	5x
Short	HTX WLD-USDT	0.4533	0.0100	get 0.0100% / 8h	4h 35m	$829K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.396%Rate

Funding earned: $32.12
Price spread: −0.396% → −0.137%: −$25.9
Slippage, 4 orders: −$141.36
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$154.15
Costs to cover: 1.604%
Break-even: 40.6 days

Slippage from Nado: live order book, 22 min ago; HTX: live order book, 4 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, 22 min ago	11.37 bp	17.6 bp −$18	43.9 bp −$439	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	13.21 bp	70.5 bp −$70	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	−0.0105%	8h	0.4541	−0.220%	$57K	$4.6M	1.7x	as long as short
Nado WLD-PERPlong	−0.0053%	1h	0.4551	long leg	$241K	$205K	5x
KuCoin WLDUSDTM	−0.0028%	8h	0.4553	+0.044%	$6.9M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4555	+0.091%	$155K	$33K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4550	−0.024%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4544	−0.154%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4556	+0.101%	$326	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0088%	8h	0.4550	−0.022%	$28K	$886K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4555	+0.083%	$4.9M	$2.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4551	+0.009%	$209K	$1.1M	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	0.4555	+0.087%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4550	−0.022%	$86.3M	$327.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4548	−0.066%	$64.7M	$89.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4549	−0.044%	$34.2M	$148.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4548	−0.066%	$7.1M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4551	0.000%	$43.8M	$54.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4548	−0.066%	$30.0M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4550	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4546	−0.099%	$135K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4539	−0.270%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4542	−0.191%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4548	−0.075%	$600K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4544	−0.154%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4551	−0.004%	$49K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4558	+0.154%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4550	−0.022%	$172	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4533	−0.396%	$829K	$1.9M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4546	−0.110%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4548	−0.069%	$218K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4551	+0.009%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4548	−0.060%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4546	−0.110%	$5K	$52K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0190%	1h	0.4552	+0.022%	$118K	$927K	25x	as long as short
Hyperliquid WLD	+0.0212%	1h	0.4558	+0.154%	$50.1M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4543	−0.176%	$4.9M	$846K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4547	−0.079%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0482%	1h	0.4553	+0.051%	$881K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4552	+0.022%	$267K	$1.7M	50x	as long as short